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  2. Public employee pension plans in the United States - Wikipedia

    en.wikipedia.org/wiki/Public_employee_pension...

    Public employee pension plans in the United States. In the United States, public sector pensions are offered at the federal, state, and local levels of government. They are available to most, but not all, public sector employees. These employer contributions to these plans typically vest after some period of time, e.g. 5 years of service.

  3. Illinois Municipal Retirement Fund - Wikipedia

    en.wikipedia.org/wiki/Illinois_Municipal...

    IMRF is a defined benefit retirement plan that provides retirement, survivor, disability, and death benefits to municipal government employees in Illinois. It is governed by Article 7 of the Illinois Pension Code. Eligible employees are automatically enrolled in IMRF when employment begins.

  4. Retirement plans in the United States - Wikipedia

    en.wikipedia.org/wiki/Retirement_plans_in_the...

    Retirement plans are classified as either defined benefit plans or defined contribution plans, depending on how benefits are determined. In a defined benefit (or pension ) plan, benefits are calculated using a fixed formula that typically factors in final pay and service with an employer, and payments are made from a trust fund specifically ...

  5. How to Calculate Your Retirement Cost of Living - AOL

    www.aol.com/finance/calculate-retirement-cost...

    Calculate your replacement ratio: To calculate your income replacement ratio, you can divide your anticipated annual retirement income by your last full year’s income, and then multiply the ...

  6. 8 reasons to consider delaying your retirement - AOL

    www.aol.com/finance/8-reasons-consider-delaying...

    Here are eight reasons why you might want to rethink your retirement timeline. 1. You give yourself more time to save and invest. For many retirees, $1 million is the magic savings number for ...

  7. Michigan Office of Retirement Services - Wikipedia

    en.wikipedia.org/wiki/Michigan_Office_of...

    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.

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