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  2. Target benefit plan - Wikipedia

    en.wikipedia.org/wiki/Target_Benefit_plan

    Target benefit plans are similar to defined benefit plans in that the annual contribution is determined by a formula to calculate the amount needed each year to accumulate (at an assumed interest rate) a fund sufficient to pay a projected retirement benefit, the target benefit, to each participant upon reaching retirement.

  3. How to Calculate Your High-3 for Federal Retirement - AOL

    www.aol.com/finance/calculate-high-3-federal...

    Continue reading → The post How to Calculate Your High-3 for Federal Retirement appeared first on SmartAsset Blog. While these formulas vary depending on certain factors, income and service ...

  4. Thrift Savings Plan - Wikipedia

    en.wikipedia.org/wiki/Thrift_Savings_Plan

    The TSP is administered by the Federal Retirement Thrift Investment Board, an independent agency. [ a ] The TSP is one of three components of the Federal Employees Retirement System (FERS; the others being the FERS annuity and Social Security ) and is designed to closely resemble the dynamics of private sector 401(k) and Roth 401k plans (TSP ...

  5. New Federal Proposal Could Give You a 5% Match on Retirement ...

    www.aol.com/finance/federal-proposal-could-5...

    Low- and middle-income workers who aren't covered by a workplace retirement savings plan would get access to the federal Thrift Savings Plan, under a bipartisan bill introduced in the U.S. Senate ...

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

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

    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 ...

  7. Here are the biggest retirement changes coming in 2023 - AOL

    www.aol.com/finance/biggest-retirement-changes...

    The Internal Revenue Service announced record-high maximum annual contributions to 401(k) and similar retirement accounts for 2023. Workers who have a 401(k), 403(b), most 457 plans, and the ...

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