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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.
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 Employee Benefits Security Administration (EBSA) is an agency of the United States Department of Labor responsible for administering, regulating and enforcing the provisions of Title I of the Employee Retirement Income Security Act of 1974 (ERISA).
For a long time, the Social Security Trustees have been warning that the retirement benefits system is facing some future financial hardships. Specifically, Social Security is paying...
The absolute maximum Social Security benefit in 2024 is $4,873 monthly, more than double the estimated average of $1,907 retirees receive across the nation as of January.
Here are three smart money moves to make right now. 1. Increase your retirement savings contributions. First off, if you have a 401 (k), consider upping your contributions; if possible, try to ...
Collect and Analyze Data. More and more employers are using analytics to help design their benefits packages. Anyone can do this -- you don’t need to have 1,000-plus employees to derive ...
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.
Rockland Retirees Succeed In Keeping Benefits Unchanged - New City, NY - County lawmakers agreed with retired employees, who worried about a proposal to change their health insurance to a Medicare ...
The agreement specifies that union members will be entitled to automatic raises on May 1 of 2021, 2022 and 2023, with the first two salary hikes being 2 percent, and the last one 2.5 percent.