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In 2012, it managed defined benefit pension plans for 156,563 civil servants (members), including 56,752 retirees, making it the largest county retirement system in the United States. In 2018, LACERA's net assets were worth US$55.8billion.
Learn how to use the personalized, easy-to-use AOL MyBenefits page to view, activate and manage all the great benefits that are available to you as part of your AOL MyBenefits plan.
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 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).
Biden has proposed raising the special minimum benefit to 125% of the federal poverty line. The proposal is designed to ensure at least a basic subsistence income for the most vulnerable...
In terms of new Social Security info to know in 2024: The main one for beneficiaries in Florida and elsewhere is the annual cost-of-living adjustment (COLA).
One of the best ways to enhance your retirement benefits (i.e., get fatter Social Security checks) is to delay claiming them. Recent research from David Altig, Laurence J. Kotlikoff and...
The Civil Service Retirement System (CSRS) is a public pension fund organized in 1920 that has provided retirement, disability, and survivor benefits for most civilian employees in the United States federal government.
Whether you’re posting flyers around the office or posting bursts of information on social media, there’s a good chance that you’re already marketing your benefits to employees.
Employees and retirees who were promised lifetime health coverage may be able to enforce those promises by suing the employer for breach of contract, or by challenging the right of the health benefit plan to change its plan documents to eliminate promised benefits.