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The retirement benefit structure of CCCERA is based upon the County Employees Retirement Law (CERL) of 1937, commonly referred to as the “37 Act.” On March 6, 1944, the Contra Costa County Board of Supervisors voted to adopt an ordinance giving county voters the opportunity to accept or reject the CERL as the framework for retirement ...
An employee trust is a trust for the benefit of employees. The employees that an employee trust benefits are usually defined by reference to employment by a particular company (or group of companies). In addition to employees, the beneficiaries may, under the terms of the trust, include some or all of former employees (of the relevant company ...
Over the past several years, IBM , Verizon , and countless other major employers have frozen existing pension plans, keeping them in place for employees that already earned benefits from them.
On February 8, 2010, NRPC announced it reached an agreement (awaiting court approval) with Nortel in which Nortel would advance $57 million to fund medical and life insurance benefits for some Canadian pensioners and their survivors, and provide long-term disabled employees with wage-replacement, medical and life insurance benefits until ...
The Employee Retirement Income Security Act of 1974 ( ERISA) ( Pub. L. 93–406, 88 Stat. 829, enacted September 2, 1974, codified in part at 29 U.S.C. ch. 18) is a U.S. federal tax and labor law that establishes minimum standards for pension plans in private industry. It contains rules on the federal income tax effects of transactions ...
It’s not just benefits costs where employers stand to lose money—unsatisfied employees may look for jobs that provide more desirable benefits packages. Just 48% of employees say they are ...
The State Health Plan is for state employees, teachers, their dependents, retirees, state lawmakers, state community college and university workers, which is an estimated 740,000 people, according ...
Employer-covered health care is the most important benefit to employees in 2023, according to a new poll from Forbes Advisor. Offerings of life insurance, pension and retirement plans, mandatory ...