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Here’s a breakdown of raises in the Senate budget for teachers, state employees, retirees, UNC and community college personnel.
The state, via the budget, funds the employer contributions for active state employees and qualifying retirees. The State Health Plan had a cash balance at the end of May of $796.6 million. This ...
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 ...
According to the state treasurer’s office, last year, North Carolina paid for weight loss drugs for almost 25,000 state employees, costing it more than $100 million before rebates — about 10% ...
The standard monthly Part B rate is rising from $164.90 to $174.70, snipping about $10 a month off the COLA gain. The annual deductible for all Medicare Part B beneficiaries will be $240 in 2024 ...
The Pension Benefit Guaranty Corporation (PBGC) is a United States federally chartered corporation created by the Employee Retirement Income Security Act of 1974 (ERISA) to encourage the continuation and maintenance of voluntary private defined benefit pension plans, provide timely and uninterrupted payment of pension benefits, and keep pension insurance premiums at the lowest level necessary ...
Retirement plan; Individual retirement account (IRA) Public employee pension plans in the United States; 401(k) 403(b) - Similar to the 401(k), but for educational, religious, public healthcare, or non-profit workers; 401(a) and 457 plans - For employees of state and local governments and certain tax-exempt entities
In total, workers who are 50 and older can contribute up to $30,000 starting in 2023. The annual contribution limit for IRAs next year also increased to $6,500 from $6,000 — an increase of 8.3% ...