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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 .
The median income, the middle value in a sorted list, shows that half the retirees earn more and half earn less than $47,620. This offers a realistic glimpse into the typical retiree's...
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.
Using 2000-2024 estimates, the annual hike in the average monthly benefit of all retired-worker beneficiaries was 3.53%. At this pace, the benefit could jump 23% to $2,348 by January 2030.
Klass received a shocking letter from the Social Security Administration (SSA) stating he would not be sent the $1,649.90 monthly retirement benefits he’d previously been approved for because...
The will be raising payments to town retirees by three percent this year despite no comparable increase in inflation or Social Security benefits.
Nearly 200 retirees had called, emailed or sent letters to the Legislature voicing their concerns and disapproval of the switch, and many attended and spoke at Legislative meetings.
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.
After decades of decline, only 3% of private-sector companies were still offering health care plans that supplement Medicare for eligible retirees in 2022, according to a new report from the ...
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