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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 .
Employee benefits. According to Jill E. Cooper, AT&T in 1913 responded to growing criticism of the working conditions for its switchboard operators. It implemented an employee benefit plan, which was managed by a medical department and provided benefits for sickness, disability, and a retirement pension.
My AOL MyBenefits monthly email. Learn how to use the personalized, easy-to-use AOL MyBenefits page to view, activate and manage all the great benefits that are available to you as part of your...
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 out more...
The Association of BellTel Retirees, Inc. advocates for more than 205,000 Bell Atlantic, NYNEX, GTE, MCI, Idearc Media|Idearc/SuperMedia, and Verizon union and management retirees. The association represents active Verizon employees regarding retiree issues such as cash balance plan conversions and termination of management pension and ...
The retirees’ inactive reserve service time was incorrectly counted as active-duty creditable service, which led to larger monthly paychecks.
Farmington Retirees Ask Officials to Change Benefits Former administrators ask officials to reconsider moving Medicare-eligible employees to a Medicare Advantage plan.
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With scores of pension plans on a path toward failing entirely, cutting pension benefits now could allow the plans to survive longer, benefiting current workers and relatively new retirees at the ...