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Some local governments do not offer defined-benefit pensions but may offer a defined contribution plan. In many states, public employee pension plans are known as Public Employee Retirement Systems (PERS).
The Los Angeles County Employees Retirement Association ( LACERA) is an independent Los Angeles County agency that administers and manages the retirement fund for the County and outside Districts (Little Lake Cemetery District, Local Agency Formation Commission for the County of Los Angeles, Los Angeles County Office of Education, and South Coast Air Quality Management District ). [3] In 2012 ...
Federal Employees Retirement System. The Federal Employees' Retirement System ( FERS) is the retirement system for employees within the United States civil service. FERS [1] became effective January 1, 1987, to replace the Civil Service Retirement System (CSRS) and to conform federal retirement plans in line with those in the private sector.
Social Security's latest Trustee Report shows benefit cuts could be smaller and could happen later than anticipated. Learn more here.
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. The MTA is the largest public transit authority in North America, serving 12 counties in Downstate New York, along with two counties in southwestern Connecticut under contract to the Connecticut Department ...
Historically speaking, Social Security benefits for retirees have generally gone up every year. The process was automated in 1975, when the Social Security Administration implemented an automatic ...
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. Upon the creation of a new Federal Employees Retirement System (FERS) in 1987, those newly hired after that date cannot ...
Kerry: More than two decades ago, employers began to quit offering traditional defined-benefit pensions and substituted 401 (k) retirement plans that employees contributed to themselves with a ...
Rockland Retirees Succeed In Keeping Benefits Unchanged - New City, NY - County lawmakers agreed with retired employees, who worried about a proposal to change their health insurance to a Medicare ...
The association represents active Verizon employees regarding retiree issues such as cash balance plan conversions and termination of management pension and healthcare benefits .
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