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  2. Public employee pension plans in the United States - Wikipedia

    en.wikipedia.org/wiki/Public_employee_pension...

    In many states, public employee pension plans are known as Public Employee Retirement Systems (PERS). Pension benefits may or may not be changed after an employee is hired, depending on the state and plan, as well as hiring date, years of service, and grandfathering . Retirement age in the public sector is usually lower than in the private ...

  3. 'I cannot afford to retire': State retirees will make their ...

    www.aol.com/cannot-afford-retire-state-retirees...

    Those COLAs used to add up to 3% to pensions for state and local employees and teachers at a time when the workers were allowed to retire with a full pension at any age after 28 years of work ...

  4. New York State United Teachers - Wikipedia

    en.wikipedia.org/wiki/New_York_State_United_Teachers

    Website. nysut .org. New York State United Teachers ( NYSUT) is a 600,000-member New York state teachers union, affiliated since 2006 with the American Federation of Teachers (AFT), the AFL–CIO, and the National Education Association (NEA). NYSUT is an umbrella group which provides services to local affiliates in New York state; lobbies on ...

  5. Defined benefit pension plan - Wikipedia

    en.wikipedia.org/wiki/Defined_benefit_pension_plan

    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 ...

  6. List of largest pension schemes in the United States - Wikipedia

    en.wikipedia.org/wiki/List_of_largest_pension...

    Teacher Retirement System of Texas: $146,326 $146,326 79.7% 8.0% 7 New York State Teachers: $115,637 $115,637 94.2% 7.5% 8 State of Wisconsin Investment Board: $109,960 $105,155 N/A N/A 9 North Carolina Retirement: $106,946 $96,094 88.3% 7.3% 10 Washington State Investment Board: $104,260 $86,615 85.5% 7.7% 11 Ohio Public Employees Retirement ...

  7. State panel will look at pensions, but retirees worry they ...

    www.aol.com/state-panel-look-pensions-retirees...

    In the five years leading up to the 2011 pension overhaul, the COLAs’ price tag jumped from $62.9 million to $104 million for retired teachers. For retired state workers, it went from $43.6 ...

  8. CalPERS - Wikipedia

    en.wikipedia.org/wiki/CalPERS

    calpers.ca.gov. The California Public Employees' Retirement System ( CalPERS) is an agency in the California executive branch that "manages pension and health benefits for more than 1.5 million California public employees, retirees, and their families". [1] [3] In fiscal year 2020–21, CalPERS paid over $27.4 billion in retirement benefits, [4 ...

  9. IBM offers employees new retirement account that looks a lot ...

    www.aol.com/finance/ibm-offers-employees...

    How IBM is flipping the switch on pension plans. IBM ( IBM) contributes 5% of an employee’s salary to the accounts, which provide a 6% guaranteed, tax-deferred return for the first three years ...

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