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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 ...
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 System: $97,713 $96,304 80.2% 7.5% 12 New Jersey Division of Investment: $80,486 $76,361 N/A N/A 13 Virginia Retirement ...
In 2014, Lillard worked with the General Assembly on legislation that required newly state employees to contribute to their pensions, creating a "hybrid plan" that reduced costs; the legislation created a 401(k) plan and raised the retirement age to receive full benefits from 60 to 65. [8]
The benefit of this structure is the mobility of labor between these employers without amending retirement and health benefits. A primary example of the benefit of these plans are the nations' Teamsters Unions whose employment demands necessitate movement across many geographies, maintaining benefits in each region. [23]
The Cabinet of the State of Tennessee is an advisory body that oversees the executive branch of Tennessee state government. Members, titled "commissioners" are appointed by the governor--not subject to the approval of the General Assembly --and oversee various government departments and agencies.
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The Tennessee Attorney General is the state's chief legal officer and works to represent all of the state government. The Attorney General employs around 340 people across five offices around the state. The Tennessee Supreme Court appoints the Attorney General, a method not found in any of the other 49 states.
A three-part analysis is used to decide whether ERISA preempts state law. First, preemption is presumed if the state law "relates to" any employee benefit plan. Second, a state law relating to an employee benefit plan may be protected from preemption under ERISA if it regulates insurance, banking, or securities.