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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.
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 .
List. 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. It contains rules on the federal income tax effects of transactions ...
Farmington Retirees Ask Officials to Change Benefits Former administrators ask officials to reconsider moving Medicare-eligible employees to a Medicare Advantage plan.
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 2023 Trustees Report suggested the combined trust fund would be able to pay full benefits until 2034. But this year's report shows there's enough money to pay full benefits until 2035.