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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.
About 15% of the average retiree's annual expenses will be health-related, per Fidelity. And nearly four in 10 retirees report health care expenses are higher than they expected them to be...
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 .
About 48 percent of 25 to 34 year olds have saved nothing for retirement, according to the Employee Benefit Research Institute, and even among those aged 35 to 44, almost 40 percent have no ...
Fidelity Investments. Fidelity Investments, formerly known as Fidelity Management & Research ( FMR ), is an American multinational financial services corporation based in Boston, Massachusetts. Established in 1946, the company is one of the largest asset managers in the world, with $4.9 trillion in assets under management, and, as of December ...
Farmington Retirees Ask Officials to Change Benefits - Farmington-Farmington Hills, MI - Former administrators ask officials to reconsider moving Medicare-eligible employees to a Medicare ...
According to the 2024 Social Security Trustees Report, the trust fund supporting Social Security retirement benefits (The Old-Age and Survivors Insurance (OASI) Fund) is expected to be able to ...
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 ...
Kaiser Permanente has 12.7 million members and operates 39 hospitals and 622 medical offices, according to its website. The strike would be the largest US health care strike in history, according ...
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 ...