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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 ...
In 2023, the PERS governing board, made up of mostly elected members, as advised by financial actuaries who watch over the state's retirement plan, passed a rate increase on public employers, such ...
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read about HB 1590 Mississippi lawmakers, state retirement leaders disagree over bill to take over PERS system. Last year, the board voted to increase employer contributions toward the state ...
Changes to retirement plan contributions. The Internal Revenue Service announced record-high maximum annual contributions to 401(k) and similar retirement accounts for 2023. Workers who have a 401 ...
Most new federal employees hired on or after January 1, 1987, are automatically covered under FERS. Those newly hired and certain employees rehired between January 1, 1984, and December 31, 1986, were automatically converted to coverage under FERS on January 1, 1987; the portion of time under the old system is referred to as "CSRS Offset" and only that portion falls under the CSRS rules.
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The Iowa Board of Social Welfare was founded in 1937 by the Iowa General Assembly. In 1967, it was merged with the Iowa Board of Control and Iowa Board of Parole to form the Iowa Department of Social Services. It was renamed the Iowa Department of Human Services in 1987. [1]