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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 .
NRPC is a non-profit member-supported organization for Canadian former employees of Nortel. It was formed after announcements in the media that Nortel Networks, a large multinational telecommunications company, had entered bankruptcy proceedings in several countries.
The Metropolitan Transportation Authority (MTA) is a public benefit corporation responsible for public transportation in the New York City metropolitan area of the U.S. state of New York.
One solution for some workers: investment options that provide guaranteed retirement income in their employer-provided retirement plan.
Using 2000-2024 estimates, the annual hike in the average monthly benefit of all retired-worker beneficiaries was 3.53%. At this pace, the benefit could jump 23% to $2,348 by January 2030.
Thousands of North Carolina teachers and state employees will be getting a different insurance company to administer their health plan starting in 2025, the state treasurer announced Wednesday.
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