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The sponsor of the scheme (e.g. the employer) must make further payments into the fund if necessary to support these defined retirement payments, or; a "defined contribution plan", under which defined amounts are paid in during working life, and the retirement payments are whatever can be afforded from the fund. [1]
The Texas Municipal Retirement System (TMRS) is a statewide retirement system that provides retirement, disability, and death benefits for employees of participating Texas municipalities. TMRS was established in 1947 by Texas state law and is administered in accordance with the Texas Municipal Retirement System Act (Texas Government Code, Title ...
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. [2] FERS consists of three major components:
CSG was founded in 1982 by Neal Hansen under the name Cable Services Group (CSG) as a division of the payment processing company First Data Corporation. [3] At the time, First Data was operated by American Express, which acquired a controlling interest in the company in 1980. [4]
This minimum pension (French: Allocation de solidarité aux personnes âgées) is the first level of the first pillar of the French pension system. The ASPA is a monthly benefit paid to low-income seniors, whether or not they are former employees. It is not a retirement pension: it is financed by the State, not by social contributions.
After accounting for inflation, the education system in Greece has faced similar budget cuts as the healthcare system, ranging from 20 to 25% (as of 2011). [27] All of these budget cuts have led to Greece's score of Subjective Well-Being falling a total of one point over the past decade on OECD's scale (ranked 0 to 10); a sharper decrease than ...