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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 ...
The California State Teachers' Retirement System (CalSTRS) provides retirement, disability and survivor benefits for California's 965,000 prekindergarten through community college educators and their families. [1] CalSTRS was established by law in 1913 and is part of the State of California's Government Operations Agency.
Employees hired after 1983 are required to be covered by the Federal Employees Retirement System (FERS), which is a three tiered retirement system with a smaller defined benefit (pension), Social Security, and a 401(k)-style system called the Thrift Savings Plan (TSP). The defined benefits of both the CSRS and the FERS systems are paid out of ...
The state offers a $30,000 pension income deduction that applies to most forms of retirement income, but retirees must subtract their exempt Social Security benefits from that deduction before ...
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In 1943, he was elected the president of the Louisiana School Board Association. He left the board to serve from 1944 to 1956 in the Louisiana State Senate . A strong advocate of public education, Hennigan worked to make McNeese State University in Lake Charles a four-year college and to pass legislation creating the state teacher retirement ...
As a result of legislation passed by the state in November 2005, 102 of the city's worst-performing public schools were transferred to the Recovery School District (RSD), which is operated by the Louisiana Department of Education and was headed for a key period (2008-2011) by education leader Paul Vallas. The Recovery School District had been ...