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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 Civil Service Retirement System (CSRS) is a public pension fund organized in 1920 that has provided retirement, disability, and survivor benefits for most civilian employees in the United States federal government. Upon the creation of a new Federal Employees Retirement System (FERS) in 1987, those newly hired after that date cannot ...
Pension spiking, sometimes referred to as "salary spiking", [1] is the process whereby public sector employees are granted large raises, bonuses, incentives or otherwise artificially inflate their compensation in the time immediately preceding retirement in order to receive larger pensions than they otherwise would be entitled to receive.
The Employee Retirement Income Security Act of 1974 (ERISA) (Pub. L. 93–406, 88 Stat. 829, enacted September 2, 1974, codified in part at 29 U.S.C. ch. 18) is a U.S. federal tax and labor law that establishes minimum standards for pension plans in private industry.
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State legislators in Tennessee passed a bill Tuesday allowing teachers and school staff in the state to be armed. The bill, according to the summary, authorizes a faculty or staff member of a ...
3 Members of the Railroad Retirement Board (five-year terms of office; chair, who first must be appointed as a member, also needs to be confirmed.) Inspector General of the Railroad Retirement Board; 8 Trustees of the Barry M. Goldwater Scholarship and Excellence in Education Foundation (of 13 total; political balance required; six-year terms ...
House and Senate lawmakers approved a $52.8 billion spending plan for the state of Tennessee that includes nearly $1 billion in funding for two key initiatives that have not yet secured final ...