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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 .
Aon Hewitt (formerly known as Hewitt Associates) was a provider of human capital and management consulting services headquartered in Lincolnshire, Illinois in the United States. From 500 offices in 120 countries, it provided consulting, outsourcing, and reinsurance brokerage services.
Learn the ins and outs of 401(k) withdrawals and potential penalties before making any moves with your retirement money.
The blunt answer is that for many people, turning off their paycheck at 62 and leaving behind the healthcare and other benefits that come with full-time employment is a terrible idea.
A new law, known as Secure Act 2.0, allows companies to now offer their employees access to lifetime annuity products in their 401 (k)s. Enter financial companies offering new investments that ...
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