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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.
Public employee pension plans in the United States. In the United States, public sector pensions are offered at the federal, state, and local levels of government. They are available to most, but not all, public sector employees. These employer contributions to these plans typically vest after some period of time, e.g. 5 years of service.
Virginia Retirement System: $79,238 $76,023 73.3% 7.0% 14 Oregon Public Employees: $77,495 $75,454 78.7% 7.5% 15 STRS Ohio: $76,458 $75,148 69.6% 7.8% 16 Michigan Retirement: $75,550 $67,496 61.4% 7.2% 17 Georgia Teachers: $73,089 $73,089 79.1% 7.5% 18 Minnesota State Board of Investment: $72,672 $64,116 72.6% 7.8% 19 Massachusetts PRIM ...
The Office of Retirement Services (ORS) administers defined benefit, defined contribution, hybrid, and deferred compensation retirement programs for Michigan's state employees, public school employees, judges, state police, and National Guard. Plans for over 550,000 public servants and their families, representing 1 in 9 Michigan households.
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 ...
Pages in category "Public pension funds in the United States". The following 34 pages are in this category, out of 34 total. This list may not reflect recent changes . List of largest pension schemes in the United States. Public employee pension plans in the United States.
Agencies. Pennsylvania Attorney General. Pennsylvania Auditor General. Pennsylvania Board of Probation and Parole. Pennsylvania Department of Aging. Pennsylvania Department of Agriculture. Pennsylvania Department of Banking. Pennsylvania Department of Community and Economic Development. Pennsylvania Department of Conservation and Natural Resources.
Employee Retirement Income Security Act. An Act to provide for pension reform. The Employee Retirement Income Security Act of 1974 ( ERISA) ( Pub. L. 93–406, 88 Stat. 829, enacted September 2, 1974, codified in part at 29 U.S.C. ch. 18) is a U.S. federal tax and labor law that establishes minimum standards for pension plans in private industry.
Public employee pension plans in the United States. 401 (k) 403 (b) - Similar to the 401 (k), but for educational, religious, public healthcare, or non-profit workers. 401 (a) and 457 plans - For employees of state and local governments and certain tax-exempt entities.
Michigan State Industries; Office of Retirement Services; Public Service Commission; Racing Commissioner; Records Management Services; Renewable Fuels Commission; State Budget Office (DTMB) Office of the State Employer (DTMB) State Housing Development Authority; State Office of Administrative Hearings & Rules; State Purchasing; State ...