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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. Retirement age in the public sector is usually lower than in the private sector.
LACERA was established on January 1, 1938, following passage of the County Employees Retirement Law of 1937 (CERL), which mandates LACERA to pay for the defined retirement benefits of Los Angeles County employees and their beneficiaries. In 1971, LACERA began administering a retiree healthcare benefits program. Management
Farmington Retirees Ask Officials to Change Benefits - Farmington-Farmington Hills, MI - Former administrators ask officials to reconsider moving Medicare-eligible employees to a Medicare ...
Here are three Social Security changes retirees need to know about in 2024. A Social Security card sandwiched between $100 bills. Image source: Getty Images. 1. The maximum Social Security benefit ...
Employer-covered health care is the most important benefit to employees in 2023, according to a new poll from Forbes Advisor. Offerings of life insurance, pension and retirement plans, mandatory ...
www.dol.gov/agencies/ebsa. 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).
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 ...
Joliet Spent $2M For Retiree Payouts In 2020: Patch Analysis Joliet Patch crunched the data to determine how much was spent for unused vacation, sick banks and comp time buyouts for 38 city retirees.
People insured by the State Health Plan will get more information during their 2024 benefits enrollment process. In the meantime, 600 Aetna employees will begin working with the State Health Plan ...