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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 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.
Compass Rose Benefits Group. Compass Rose Benefits Group is an American insurance provider that offers health insurance plans for civilian employees and retirees of the United States Intelligence Community, United States Department of Defense, United States Department of State, Department of Homeland Security, and the Department of Veterans ...
One of the biggest retirement fears is a reduction in Social Security benefits. Here's what advisers say to do to prepare.
For a long time, the Social Security Trustees have been warning that the retirement benefits system is facing some future financial hardships.
The Metropolitan Transportation Authority (MTA) provides local and express bus, subway, and commuter rail service in Greater New York, and operates multiple toll bridges and tunnels in New York City. The Metropolitan Transportation Authority ( MTA) is a public benefit corporation responsible for public transportation in the New York City ...
Here are three Social Security changes retirees need to know about in 2024. A Social Security card sandwiched between $100 bills. Image source: Getty Images. 1. The maximum Social Security benefit ...
Chief Financial Officer. Website. www .cccera .org. Contra Costa County Employees' Retirement Association ( CCCERA) is a retirement association for Contra Costa County, California's public employees . It provides defined benefit plans to the county and other local agencies.
The private sector was first to cut back on retiree health care benefits, but the public sector has also made major reductions. Around 49% of state government employers offered health care to ...
The FEHB program allows some insurance companies, employee associations, and labor unions to market health insurance plans to governmental employees. The program is administered by the United States Office of Personnel Management (OPM).