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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.
Some local governments do not offer defined-benefit pensions but may offer a defined contribution plan. In many states, public employee pension plans are known as Public Employee Retirement Systems (PERS).
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). At the time of its name change in February 2003, EBSA was known as the Pension and Welfare Benefits Administration (PWBA). Prior to January ...
A group of Farmington administrative retirees have asked city officials to review recent changes to retiree health care benefits, and council members will review their request during a special ...
Pension administration in the United States. Pension administration in the United States is the act of performing various types of yearly service on an organizational retirement plan, such as a 401 (k), profit sharing plan, defined benefit plan, or cash balance plan. Increasingly, employers are also implementing these plan types in combination ...
An important variable to consider when weighing options for work-life and wellness benefits is how employees who don’t spend the bulk of their time at your office can utilize them.
But employees say that more benefits focused on flexibility and career development will improve their workplace performance.
Thinking about retirement or know a veteran who is? Military service members can receive Social Security benefits in addition to their military retirement benefits.
The Social Security Administration is set to implement new rules to make it easier for beneficiaries to access certain benefits and increase the payments some may receive.
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. See: 8 Purchases...