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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 .
Employee Retirement Income Security Act. An Act to provide for pension reform. The Employee Retirement Income Security Act of 1974 ( ERISA) ( Pub. L. 93–406, 88 Stat. 829, enacted September 2, 1974, codified in part at 29 U.S.C. ch. 18) is a U.S. federal tax and labor law that establishes minimum standards for pension plans in private industry.
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 average retired-worker benefit at age 70 is $2,038 per month, which is $740 higher than the average benefit at age 62. Social Security benefits depend on several variables.
See our editor's picks for best savings, checking and hybrid accounts for active agers, seniors and retirees, updated for June 2024.
The strike was organized by the United Auto Workers union Local 4811, which represents some 48,000 non-tenured academic employees total across 10 University of California campuses and the Lawrence ...
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.
Whether you’re posting flyers around the office or posting bursts of information on social media, there’s a good chance that you’re already marketing your benefits to employees.
Contra Costa County Employees' Retirement Association (CCCERA) is a retirement association for Contra Costa County, California's public employees. It provides defined benefit plans to the county and other local agencies.
Farmington Retirees Ask Officials to Change Benefits Former administrators ask officials to reconsider moving Medicare-eligible employees to a Medicare Advantage plan.