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In 2012, it managed defined benefit pension plans for 156,563 civil servants (members), including 56,752 retirees, making it the largest county retirement system in the United States. In 2018, LACERA's net assets were worth US$55.8billion.
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 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.
Learn how to use the personalized, easy-to-use AOL MyBenefits page to view, activate and manage all the great benefits that are available to you as part of your AOL MyBenefits plan.
One of the best ways to enhance your retirement benefits (i.e., get fatter Social Security checks) is to delay claiming them. Recent research from David Altig, Laurence J. Kotlikoff and...
In terms of new Social Security info to know in 2024: The main one for beneficiaries in Florida and elsewhere is the annual cost-of-living adjustment (COLA).
On January 14, 2009, Nortel Networks initiated financial restructuring under the Companies' Creditors Arrangement Act (CCAA) in Canada. At that time, Nortel Networks stopped paying severance packages, transition allowances, and deferred wages to former employees and retirees .
Whether you’re posting flyers around the office or posting bursts of information on social media, there’s a good chance that you’re already marketing your benefits to employees.
Retirees get another year's reprieve until benefit cuts happen, or until Congress is forced to act. And, if benefit cuts do happen, they'll be smaller than anticipated.
Employees and retirees who were promised lifetime health coverage may be able to enforce those promises by suing the employer for breach of contract, or by challenging the right of the health benefit plan to change its plan documents to eliminate promised benefits.