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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 .
GEHA (Government Employees Health Association) is a self-insured, not-for-profit association providing medical and dental plans to federal employees and retirees and their families through the Federal Employees Health Benefits ( FEHB) program and the Federal Employees Dental and Vision Insurance Program (FEDVIP).
May 16, 2024 at 7:11 AM. For a long time, the Social Security Trustees have been warning that the retirement benefits system is facing some future financial hardships. Specifically, Social ...
If you're retired and receiving Social Security benefits, good news -- more money could be on the way! Social Security benefits could increase by as much as $159 a month, per CNBC....
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.
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 ...
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%.
Rockland Retirees Succeed In Keeping Benefits Unchanged County lawmakers agreed with retired employees, who worried about a proposal to change their health insurance to a Medicare Advantage plan ...
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.