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Investing WRS assets is the responsibility of the State of Wisconsin Investment Board (SWIB). Individual accounts and benefits under the Wisconsin Retirement System (WRS) are managed by the Department of Employee Trust Funds (ETF). Contributions made to the WRS by employees and their employers are invested by the Investment Board.
Modifications to Wisconsin Retirement System and state health insurance plans: The law directs the Department of Administration, Office of State Employment Relations and Department of Employee Trust Funds to study and report on possible changes to the Wisconsin Retirement System, including defined contribution plans and longer vesting periods ...
This list of largest pension funds in the United States involves two main groups: government pension funds for public employees and collectively bargained pension funds, jointly managed between employer and employee representatives after the Taft-Hartley Act of 1947.
Federal Employees Retirement System - covers approximately 2.44 million full-time civilian employees (as of Dec 2005). [2]Retired pay for U.S. Armed Forces retirees is, strictly speaking, not a pension but instead is a form of retainer pay. U.S. military retirees do not vest into a retirement system while they are on active duty; eligibility for non-disability retired pay is solely based upon ...
The Interior Department overpaid dozens of employees to the tune of up to $400,000 of taxpayer money after the fed workers improperly claimed to be based in the DC area -- but were actually ...
In Wisconsin, the state treasurer is the chief banker of state government, signing checks, share drafts, and other drafts drawn on state funds by the Department of Administration; this role extends to the State Investment Fund and the Public Employee Trust Fund, which are managed by independent state agencies.
Employee trusts exist for many purposes and have a wide range of titles. If the terms of the trust meet requirements prescribed by tax or other regulations, then the employee trust is likely to be known by the name given in the relevant regulations, for example, a share incentive plan or an employee stock ownership plan.
Additionally, due much in part to his "dismay" over Barasch's sole control over union benefit plan funds, [5] [6] Senator Jacob K. Javits (R) of New York also introduced bills in 1965 and 1967 increasing regulation of welfare and pension funds to limit the control of plan trustees and administrators and to address the funding, vesting ...