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  2. Public employee pension plans in the United States - Wikipedia

    en.wikipedia.org/wiki/Public_employee_pension...

    Federal Employees Retirement System - covers approximately 2.44 million full-time civilian employees (as of Dec 2005). Retired pay for U.S. Armed Forces retirees is, strictly speaking, not a pension but instead is a form of retainer pay. U.S. military retirees do not vest into a retirement system while they are on active duty; eligibility for ...

  3. Federal Employees Retirement System - Wikipedia

    en.wikipedia.org/wiki/Federal_Employees...

    Federal Employees Retirement System. The Federal Employees' Retirement System ( FERS) is the retirement system for employees within the United States civil service. FERS [1] became effective January 1, 1987, to replace the Civil Service Retirement System (CSRS) and to conform federal retirement plans in line with those in the private sector. [2]

  4. Civil Service Retirement System - Wikipedia

    en.wikipedia.org/wiki/Civil_Service_Retirement...

    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 ...

  5. Pros and cons of government 457(b) retirement plans - AOL

    www.aol.com/finance/pros-cons-government-457-b...

    Like its better-known sibling — the 401(k) — a 457(b) retirement plan is a tax-advantaged way to save for retirement. But the 457(b) is designed especially for employees of state and local ...

  6. A shareholder once asked Warren Buffett, Charlie Munger if ...

    www.aol.com/finance/shareholder-once-asked...

    Buffett pointed out that because this payroll tax ceased to exist at earnings over $90,000, higher-income individuals, including himself, pay a lower proportion of their total income towards ...

  7. CalPERS - Wikipedia

    en.wikipedia.org/wiki/CalPERS

    California Government Operations Agency. Website. calpers.ca.gov. The California Public Employees' Retirement System ( CalPERS) is an agency in the California executive branch that "manages pension and health benefits for more than 1.5 million California public employees, retirees, and their families". [3] [4] In fiscal year 2020–21, CalPERS ...

  8. California's Leaders Still Ignoring State Pension Debt - AOL

    www.aol.com/news/californias-leaders-still...

    The California Public Employees' Retirement System is only 72 percent funded, which means it only has 72 cents on the dollar to pay for the promised pensions—and they are one of the state's ...

  9. Oklahoma Public Employees Retirement System - Wikipedia

    en.wikipedia.org/wiki/Oklahoma_Public_Employees...

    The Oklahoma Public Employees Retirement System was created in 1964 and administers retirement plans for several different types of government employees, including state and local government employees, state and county elected officials and hazardous duty employees.

  10. Kentucky Public Pensions Authority - Wikipedia

    en.wikipedia.org/wiki/Kentucky_Public_Pensions...

    KPPA members include over 386,000 active, inactive and retired state and local government employees, state police officers, and non-teaching staff of local school boards and regional universities. [15] [16] [2]

  11. Here are the biggest retirement changes coming in 2023 - AOL

    www.aol.com/finance/biggest-retirement-changes...

    Huge Social Security increase. Social Security beneficiaries will see a pay raise next year thanks to an 8.7% increase in the Social Security cost-of-living adjustment (COLA) for 2023.. The ...

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