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LACERA was established on January 1, 1938, following passage of the County Employees Retirement Law of 1937 (CERL), which mandates LACERA to pay for the defined retirement benefits of Los Angeles County employees and their beneficiaries. In 1971, LACERA began administering a retiree healthcare benefits program. Management
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 non-disability retired pay is solely based upon time in service. Unlike other retirees, U.S. military retirees are ...
A recent report from the AARP, citing data from the Indeed employment website, found that 1.7 million Americans who retired a year earlier have returned to the workforce. That represents just more ...
Here are eight reasons why you might want to rethink your retirement timeline. 1. You give yourself more time to save and invest. For many retirees, $1 million is the magic savings number for ...
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 ...
In retirement, you’re likely to find that you have more free time to devote to your hobbies and passions. There might be no better time to invest in a side gig or part-time business.
A recent study from the Kaiser Family Foundation found that the number of large employers offering other post employment benefits fell from 66% in 1988 to 23% in 2015. Despite their decreasing popularity in the private sector, many state and municipal employees still receive "Other postemployment benefits."
The report found 37% of retirees with household assets under $50,000 said they don’t need to work versus 55% of those in the $50,000-to-$250,000 category and 72% with assets of $750,000 and ...