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A ten-member board oversees the State Employees’ Retirement System. As of September 30, 2017, the system serves 10,850 active members and 59,684 retirees and beneficiaries. Effective March 31, 1997, all new enrollees participate in the Defined Contribution plan.
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 .
The Federal Employees Health Benefits (FEHB) Program is a system of "managed competition" through which employee health benefits are provided to civilian government employees and annuitants of the United States government. The government contributes 72% of the weighted average premium of all plans, not to exceed 75% of the premium for any one ...
The National Council on Aging also oversees a network of Benefits Enrollment Centers, which help connect Medicare beneficiaries with limited incomes to programs that pay for health care, food...
See our editor's picks for best savings, checking and hybrid accounts for active agers, seniors and retirees, updated for June 2024.
The latest Trustees Report indicates the Social Security retirement trust fund will run out of cash by 2033 if Congress doesn't do anything. That could lead to some big changes in the near...
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