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The Illinois pension crisis refers to the rising gap between the pension benefits owed to eligible state employees and the amount of funding set aside by the state to make these future pension payments. As of 2020, the size of Illinois' pension obligation is $237B, but the state's pension funds have only $96B available for payouts to retirees. [1]
Website. oregon.gov/pers. The Public Employees Retirement System (PERS) is the retirement and disability fund for public employees in the U.S. state of Oregon established in 1946. Employees of the state, school districts, and local governments are eligible for coverage. A health insurance plan for covered retirees was added to the program in 1987.
The Texas Municipal Retirement System ( TMRS) is a statewide retirement system that provides retirement, disability, and death benefits for employees of participating Texas municipalities. TMRS was established in 1947 by Texas state law and is administered in accordance with the Texas Municipal Retirement System Act (Texas Government Code ...
Defined benefit (DB) pension plan is a type of pension plan in which an employer/sponsor promises a specified pension payment, lump-sum, or combination thereof on retirement that depends on an employee's earnings history, tenure of service and age, rather than depending directly on individual investment returns. Traditionally, many governmental ...
www .aupe .org. The Alberta Union of Provincial Employees (AUPE) is a Canadian trade union operating solely in the province of Alberta. With approximately 95,000 members as of March 2019, it is Alberta's largest union. AUPE is primarily a public sector union, with members employed in government, health care, education, boards and agencies ...
Abdul Rahman bin Nordin, Secretary General. Website. www .cuepacs .my. The Congress of Union of Employees in the Public and Civil Services Malaysia ( Malay: Kongres Kesatuan Pekerja-pekerja di dalam Perkhidmatan Awam Malaysia ), abbreviated CUEPACS, is a national trade union centre in Malaysia. It has a membership of 1,200,000.
Pension system in Switzerland. The Swiss pension system rests on three pillars: the state-run pension scheme for the aged, orphans, and surviving spouses (old-age and survivor's insurance); the pension funds run by investment foundations, which are tied to employers (occupational benefit plans); voluntary, private investments.
Oil Workers International Union (OWIU) and the United Gas, Coke, and Chemical Workers of America (UGCCWA) merged on March 4, 1955, to form the Oil, Chemical, and Atomic Workers Union (OCAW). [4] When the AFL and CIO merged in 1955, so did the two oil workers' unions. [6] [9] [10] In 1956, after only one year of the merge, OCAW represented ...