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Pennsylvania Municipal Retirement System (also known as PMRS) is an independent state agency of the Commonwealth of Pennsylvania that manages the public pension system for some municipal employees in Pennsylvania. It was founded in 1974.
By 1994, "Pennsylvania's state pension funds [had] the most active program of in-state investments in the country," according to the Richmond Times-Dispatch, which also noted that Pennsylvania's pension system had "committed $259.5 million to venture capital funds that invest in the state or in out-of-state companies that create jobs in ...
Pension benefits are primarily designed to favor workers who work a full career (typically at least 25 years of service), which account for approximately 24% of state-level public workers. In a study of 335 statewide retirement plans, Equable Institute found that 74.1% of pension plans in the US served this group of workers well.
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The payroll used in determining the minimum municipal obligation of a pension plan under section 303(c) of the act (53 P. S. § 895.303(c)) shall be based on the payroll to be reported on the Internal Revenue Service Form W-2 and shall be the estimated payroll for the active membership of the pension plan, including projected increases in ...
The Pennsylvania Department of Transportation was created from the former Department of Highways by Act 120, approved by the legislature on May 6, 1970. [3] The intent of the legislation was to consolidate transportation-related functions formerly performed in the Departments of Commerce, Revenue, Community Affairs, Forests and Waters, Military ...
Pennsylvania requires some form of medical benefits coverage for you and your passengers up to $5,000. This pays towards medical bills for you, your passengers or any others covered by your policy ...
A department of motor vehicles (DMV) is a government agency that administers motor vehicle registration and driver licensing. In countries with federal states such as in North America, these agencies are generally administered by subnational entities governments, while in unitary states such as many of those in Europe, DMVs are organized ...