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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.
In September 2020, the company also acquired the retirement plan business of MassMutual for $4.4 billion. Empower acquired the heritage SunTrust 401(k) recordkeeping business, which includes approximately 300 retirement plans consisting of more than 73,000 plan participants and $5 billion in plan assets.
Empower Finance—not to be confused with Empower Retirement, ... s retirement business for $3.5 billion in 2021 and Personal Capital in 2020—charges customers $8 per month for its services. It ...
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 ...
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LACERA covers 100% of healthcare premiums for Los Angeles County retirees who have at least 25 years of public service. For members with 10 years of public service, LACERA contributes 40% of health care plan premiums, with an additional contribution of 4% for each additional year worked. Retirement plans
Under the Secure 2.0 Act, the IRS made a few changes to retirement contributions for the 2024 tax year. But on Friday, August 25, 2023, the IRS announced an "administrative transition" period that...
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