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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.
Public employee pension plans in the United States. In the United States, public sector pensions are offered at the federal, state, and local levels of government. They are available to most, but not all, public sector employees. These employer contributions to these plans typically vest after some period of time, e.g. 5 years of service.
Unlike traditional pension plans, in which the employer promises a specified monthly benefit at retirement, 401 (k) plans are funded by contributions deducted directly from the employee’s ...
Early life and education Gretchen Whitmer was born on August 23, 1971, in Lansing, Michigan, the eldest of three children of Sharon H. "Sherry" Reisig (née Hanna) and Richard Whitmer, who were both attorneys. Her father was head of the state department of commerce under Governor William Milliken, a Republican, and the president and CEO of Blue Cross Blue Shield of Michigan from 1988 to 2006 ...
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Like a 401(k), withdrawals from a 403(b) plan are subject to ordinary income tax in retirement,” Kovar said. “Some 403(b) plans also offer a Roth contribution option, allowing employees to ...
Offering phased retirement plans, Garcia adds, also helps land talented employees in the first place. "We’re seeing so much more now that companies have to care about you as a person or you won ...
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