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The Ontario Municipal Employees Retirement System [3] (OMERS) is a Canadian public pension fund, headquartered in Toronto, Ontario.OMERS is a defined benefit, jointly sponsored, multi-employer public pension plan created in 1962 by Ontario provincial statute to administer retirement benefits and manage pension investment funds of local government employees in the Canadian province of Ontario.
Pennsylvania Municipal Retirement System (also known as PMRS) is an independent state agency of the Commonwealth of Pennsylvania that manages the public pension system for some municipal employees in Pennsylvania. It was founded in 1974.
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 ...
By 1994, "Pennsylvania's state pension funds [had] the most active program of in-state investments in the country," according to the Richmond Times-Dispatch, which also noted that Pennsylvania's pension system had "committed $259.5 million to venture capital funds that invest in the state or in out-of-state companies that create jobs in ...
The existing 1965 City Hall of Toronto became the city hall of the amalgamated city, while Metro Hall, the seat of the former Metro government, is used as municipal office space. The community councils (unique among Ontario's cities) of Etobicoke–York, North York and Scarborough meet in their respective pre-existing municipal buildings.
As a division of the City of Toronto, its annual funding level is established by a vote of Toronto City Council. In 2020, Council approved a budget of $271.191 million gross and $47.953 million net, with a staff complement of 2,435.2 positions. [1]
It is designed to provide up to 15 per cent of a retiree's pre-retirement income as an annual pension, adding about the same amount as the Canada Pension Plan (CPP) for those who have contributed to both plans. Employees and employers would each contribute 1.9 per cent of an employee's income up to a maximum of $90,000 of income per year.
Toronto Community Housing Corporation (TCHC) is a public housing agency in Toronto, Ontario.It is the largest social housing provider in Canada with over 58,000 units across 2,100 buildings and approximately 105,000 residents. [1]