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In many states, public employee pension plans are known as Public Employee Retirement Systems (PERS). Pension benefits may or may not be changed after an employee is hired, depending on the state and plan, as well as hiring date, years of service, and grandfathering. Retirement age in the public sector is usually lower than in the private sector.
[4] The first appliance labeling rule was established in 1979 and all products were required to carry the label starting in 1980. Energy Star is a similar labeling program, but requires more stringent efficiency standards for an appliance to become qualified, and is not a required program, but rather a voluntary one.
Retirement plans are classified as either defined benefit plans or defined contribution plans, depending on how benefits are determined.. In a defined benefit (or pension) plan, benefits are calculated using a fixed formula that typically factors in final pay and service with an employer, and payments are made from a trust fund specifically dedicated to the plan.
The Ohio House passed House Bill 308, 87-10, to label nuclear energy as green energy. Proponents of nuclear energy say it's a cleaner alternative to fossil fuels, which emit carbon dioxide and ...
Like its better-known sibling — the 401(k) — a 457(b) retirement plan is a tax-advantaged way to save for retirement. But the 457(b) is designed especially for employees of state and local ...
A minimum energy performance standard (MEPS) is a specification, containing a number of performance requirements for an energy-using device, that effectively limits the maximum amount of energy that may be consumed by a product in performing a specified task. An MEPS is usually made mandatory by a government's energy efficiency body.
2004 – From 2000 to 2004, CLASP provided assistance for the development and implementation of 21 new minimum energy performance standards, energy efficiency endorsement labels, and energy information labels that will save 250 megatons of CO 2 by 2014. 2005 – CLASP became an independent 501(c)(3) non-profit corporation.
The energy company at the center of a $60 million bribery scheme in Ohio will pay $20 million and avoid criminal charges as part of a deal with state prosecutors to resolve its role in the scandal.