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In many states, public employee pension plans are known as Public Employee Retirement Systems (PERS). Pension benefits may or may not be changed after an employee is hired, depending on the state and plan, as well as hiring date, years of service, and grandfathering .
The Los Angeles County Employees Retirement Association ( LACERA) is an independent Los Angeles County agency that administers and manages the retirement fund for the County and outside Districts (Little Lake Cemetery District, Local Agency Formation Commission for the County of Los Angeles, Los Angeles County Office of Education, and South ...
MFPE was formed in 2018 by the merger of Montana's two largest labor unions: MEA-MFT and the Montana Public Employees Association (MPEA). Counting 23,000 dues paying members, MFPE is the largest affiliate of the Montana State AFL-CIO, and is one of five merged state affiliates of the National Education Association(NEA) and American Federation ...
Retirees get another year's reprieve until benefit cuts happen, or until Congress is forced to act. And, if benefit cuts do happen, they'll be smaller than anticipated.
The Metropolitan Transportation Authority (MTA) is a public benefit corporation responsible for public transportation in the New York City metropolitan area of the U.S. state of New York.
Every year the Social Security Administration adjusts retirees' benefits amounts by the average increase in inflation during the third quarter of the previous year. The 2024 COLA was 3.2%.
The Michigan Office of Retirement Services (ORS) administers retirement programs for Michigan's state employees, public school employees, judges, state police, and National Guard. ORS also provides various retiree healthcare benefits, including traditional insurance plans, Personal Healthcare Funds, and Health Reimbursement Accounts.
The service retirement, disability, death and survivor benefits provided by CCCERA are administered by a 12 member Board of Retirement. The Board adopts regulations, procedures, policies and resolutions as permitted by and amended in the CERL.
Companies have started trimming back on employee benefits over the past few years as a first-line cost-cutting measure. But that hasn’t gone over well with workers, who highly value their perks ...
The Civil Service Retirement System (CSRS) is a public pension fund organized in 1920 that has provided retirement, disability, and survivor benefits for most civilian employees in the United States federal government.