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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 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.
One solution for some workers: investment options that provide guaranteed retirement income in their employer-provided retirement plan.
The Thrift Savings Plan (TSP) is a defined contribution plan for United States civil service employees and retirees as well as for members of the uniformed services.
See our editor's picks for best savings, checking and hybrid accounts for active agers, seniors and retirees, updated for June 2024.
The “silver tsunami,” or the mass retirement of Boomers, may cause serious changes to our workplaces and incomes. Currently, baby boomers–those aged 65 and older–make up approximately 17% ...
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.
5 big-ticket purchases retirees often splurge on in retirement only to regret it — plus what to do instead. There’s a reason why the early days of retirement are called the Go-Go years. If...
In terms of new Social Security info to know in 2024: The main one for beneficiaries in Florida and elsewhere is the annual cost-of-living adjustment (COLA).
Metropolitan Transportation Authority. The Metropolitan Transportation Authority (MTA) provides local and express bus, subway, and commuter rail service in Greater New York, and operates multiple toll bridges and tunnels in New York City. Overview.
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