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  2. Michigan Office of Retirement Services - Wikipedia

    en.wikipedia.org/wiki/Michigan_Office_of...

    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.

  3. Public employee pension plans in the United States - Wikipedia

    en.wikipedia.org/wiki/Public_employee_pension...

    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 .

  4. Retirement plans in the United States - Wikipedia

    en.wikipedia.org/wiki/Retirement_plans_in_the...

    Retirement plans are classified as either defined benefit plans or defined contribution plans, depending on how benefits are determined. In a defined benefit (or pension ) plan, benefits are calculated using a fixed formula that typically factors in final pay and service with an employer, and payments are made from a trust fund specifically ...

  5. Joliet Scales Back City Employee Pension Benefits - Patch

    patch.com/illinois/joliet/joliet-scales-back...

    Joliet Scales Back City Employee Pension Benefits - Joliet, IL - The new policy comes on the heels of several Joliet Patch articles examining generous payouts for outgoing city staff.

  6. 'Stick to the plan': Readers weigh in on the idea of early ...

    www.aol.com/finance/stick-plan-readers-weigh...

    The average age of a retirement account millionaire is 59. The majority of these savers, however, were power savers. They socked away 17.5% of their pay on average. Their employers contribute an ...

  7. Here's how much young baby boomers have saved for retirement ...

    www.aol.com/finance/heres-much-young-baby...

    The median retirement savings for this group is around $225,000. ... Even when combined with Social Security benefits, which provides retirees an annual average of $22,884, ...

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