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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.
It contains rules on the federal income tax effects of transactions associated with employee benefit plans. ERISA was enacted to protect the interests of employee benefit plan participants and their beneficiaries by: Requiring the disclosure of financial and other information concerning the plan to beneficiaries;
Social Security benefits will likely play an important part in your retirement income. After all, nearly nine out of 10 people aged 65 and older were receiving benefits as of June 30, 2023.
One solution for some workers: investment options that provide guaranteed retirement income in their employer-provided retirement plan.
Farmington Retirees Ask Officials to Change Benefits - Farmington-Farmington Hills, MI - Former administrators ask officials to reconsider moving Medicare-eligible employees to a Medicare ...
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 ...
Benefits Change for Rockland County Retirees Delayed - New City, NY - Rockland lawmakers point to California's consumer protection probe of Aetna, question the plan and assert their contract ...
GEHA (Government Employees Health Association) is a self-insured, not-for-profit association providing medical and dental plans to federal employees and retirees and their families through the Federal Employees Health Benefits ( FEHB) program and the Federal Employees Dental and Vision Insurance Program (FEDVIP).
Average and Maximum Social Security Benefits for 2023. As of April 2023, the average Social Security retiree benefit was $1,834.80. The maximum amount depended on when you filed for benefits.
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