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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).
IMRF is a defined benefit retirement plan that provides retirement, survivor, disability, and death benefits to municipal government employees in Illinois. It is governed by Article 7 of the Illinois Pension Code. Eligible employees are automatically enrolled in IMRF when employment begins.
Chief Financial Officer. Website. www .cccera .org. Contra Costa County Employees' Retirement Association ( CCCERA) is a retirement association for Contra Costa County, California's public employees . It provides defined benefit plans to the county and other local agencies.
Fremont Pensions: What Retirees Are Receiving - Fremont, CA - List of CalPERS pension list shows what former city and school employees are collecting.
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.
A report by the Employee Benefit Research Institute found a 65-year-old couple may need as much as $383,000 saved to have a 90% chance of covering their healthcare spending needs.