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The Los Angeles County Employees Retirement Association (LACERA) is an independent Los Angeles County agency that administers and manages the retirement fund for the County and outside Districts (Little Lake Cemetery District, Local Agency Formation Commission for the County of Los Angeles, Los Angeles County Office of Education, and South Coast Air Quality Management District). [3]
Generally, an employee has the right to determine his/her "date of final separation" (i.e. the last day on the payroll; it does not have to be the final working day in a pay period [11]); the following day is the employee's retirement date. The annuity does not begin until one full calendar month has passed since the employee's retirement. Thus ...
An audit of Penn State's financial statements for the 2015 financial year (ending June 30) revealed that the university had made new payments totaling $33.2 million that were all related to Sandusky. The audit also indicated that Penn State had already paid or agreed to pay 32 claims relevant to Sandusky. [278]
The National Anti-Doping Agency of India is India's national organisation responsible for promoting, coordinating, and monitoring the doping control program in sports in all its forms. As listed on its official web portal, the agency deals with adopting and implementing anti-doping rules and policies which conform with the World Anti-Doping ...
Additional matching contributions are made dollar-per-dollar up to 3% of base pay (e.g. an employee contributing 3% will have 1% automatically contributed plus 3% matched, for a total of 4%), then at $0.50/$1 for each additional dollar up to 5% of base pay; neither amounts above 5% nor "catch-up" contributions are matched, regardless of an ...
Because by 1967 SERS was contracting with 585 local public agencies for retirement benefits, its name was changed to the "Public Employees' Retirement System" (PERS). [16] With the passage of a ballot proposition and a state law in 1966–1967, PERS was allowed to invest 25% of its portfolio in stocks; [ 16 ] in 1984, Proposition 21 removed the ...
The Indiana State Teachers’ Retirement Fund (TRF) was created by the Indiana General Assembly in 1921. Today, TRF manages and distributes the retirement benefits of educators in all public schools, as well as some charter schools and universities, throughout Indiana. Headed by a governor-appointed executive director and a six-member Board of ...
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 ...