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The House budget proposed 10.2% average raises for teachers, with 7.5% for state employees. Some employees in harder-to-fill positions would get higher raises — including school bus drivers, who ...
David Draine, principal investigator for Pew’s research on public sector retirement systems, said North Carolina, “has significant underfunding of the retiree health care plan,” and fares ...
State Treasurer Dale Folwell, who oversees the NC State Health Plan, leads a board meeting considering coverage of the weight loss medications called GLP-1s Thursday, Oct. 26, 2023, in Raleigh.
The Federal Employees' Retirement System (FERS) is the retirement system for employees within the United States civil service. FERS 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. FERS consists of three major components:
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 ...
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Under the Senate budget, state employees would receive an average raise of 5% over the next two years, Berger said. That falls short of the 7.5% average pay raises state employees would get from ...
For instance, if a local government employer contributes $1,500 in 2024, the employee may contribute only $21,500, keeping the plan to the $23,000 annual limit.