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LACERA was established on January 1, 1938, following passage of the County Employees Retirement Law of 1937 (CERL), which mandates LACERA to pay for the defined retirement benefits of Los Angeles County employees and their beneficiaries. [1] [3] In 1971, LACERA began administering a retiree healthcare benefits program. [1]
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 ...
In January 2025, OPM received over new 16,000 retirement claims and processed 6,700. January usually sees an influx of retirement applications; the month before, OPM received 5,020 and processed ...
Los Angeles County Treasurer and Tax Collector bills, collects, invests, borrows, safeguards and disburses monies and properties in Los Angeles County.The Los Angeles County Board of Supervisors appoints the treasurer to this position.
Listen and subscribe to Decoding Retirement on Apple Podcasts, Spotify, or wherever you find your favorite podcasts.. Social Security isn’t going bankrupt, but challenges lie ahead. The Social ...
As you approach retirement, financial planning takes center stage. While many focus on savings and investments, there’s another often-overlooked strategy to bolster your nest egg: getting rid of ...
Image source: Getty Images. Easier access to workplace retirement plans. Part-time workers will now have an easier time contributing to their employers' 401(k) plans, thanks to a provision in the ...
The Contra Costa County Board of Supervisors may also adopt resolutions which affect member benefits, as permitted by the County Employees' Retirement Law of 1937. The Retirement Board is responsible for general management of CCCERA while a Chief Executive Officer oversees the operations of the Association.