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

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

    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.

  3. List of largest pension schemes in the United States - Wikipedia

    en.wikipedia.org/wiki/List_of_largest_pension...

    This list of largest pension funds in the United States involves two main groups: government pension funds for public employees and collectively bargained pension funds, jointly managed between employer and employee representatives after the Taft-Hartley Act of 1947.

  4. CalPERS - Wikipedia

    en.wikipedia.org/wiki/CalPERS

    The retirement benefits "are calculated using a member's years of service credit, age at retirement, and final compensation (average salary for a defined period of employment)," and the retirement formulas "are determined by the member's employer (State, school, or local public agency); occupation (miscellaneous (general office and others ...

  5. Contra Costa County Employees' Retirement Association

    en.wikipedia.org/wiki/Contra_Costa_County...

    The retirement benefit structure of CCCERA is based upon the County Employees Retirement Law (CERL) of 1937, commonly referred to as the “37 Act.” On March 6, 1944, the Contra Costa County Board of Supervisors voted to adopt an ordinance giving county voters the opportunity to accept or reject the CERL as the framework for retirement ...

  6. Retirement age - Wikipedia

    en.wikipedia.org/wiki/Retirement_age

    62–65 2012 In Singapore, the Retirement Age Act (RAA) has been replaced by the Retirement and Re-employment Act (RRA) in 2012. Under the RRA, the statutory minimum retirement age is still 62, but employers are now required to offer re-employment to eligible employees who turn 62, up to the age of 65. The bill will gradually increase the ...

  7. Retirement planning - Wikipedia

    en.wikipedia.org/wiki/Retirement_planning

    Retirement planning, in a financial context, refers to the allocation of savings or revenue for retirement. The goal of retirement planning is to achieve financial independence. The process of retirement planning aims to: [1] Assess readiness-to-retire given a desired retirement age and lifestyle, i.e., whether one has enough money to retire

  8. Pension - Wikipedia

    en.wikipedia.org/wiki/Pension

    The terms "retirement plan" and "superannuation" tend to refer to a pension granted upon retirement of the individual; [2] the terminology varies between countries. Retirement plans may be set up by employers, insurance companies, the government, or other institutions such as employer associations or trade unions.

  9. Retirement spend-down - Wikipedia

    en.wikipedia.org/wiki/Retirement_spend-down

    The appeal of retirement age flexibility is the focal point of an actuarial approach to retirement spend-down that has spawned in response to the surge of baby boomers approaching retirement. The approach is based on personal asset/liability matching process and present values to determine current year and future year spending budget data points.

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