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The division manages Florida's state-administered retirement systems, monitors Florida's local public retirement systems, oversees local police and fire pension funds in the state that participate, and oversees the State University System Optional Retirement Program and the Senior Management Service Optional Annuity Program. [5]
The Federal Employees' Retirement System (FERS) is the retirement system for employees within the United States civil service. FERS [1] became effective January 1, 1987, to replace the Civil Service Retirement System (CSRS) and to conform federal retirement plans in line with those in the private sector. [2] FERS consists of three major components:
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 ...
SAS’ area workforce has dropped by more than 1,000 people in recent years as the company prepares to go public. SAS Institute cuts jobs, employee reports, as Cary software firm again shrinks ...
Spencer was named executive director of the State Board of Administration, overseeing the Florida Retirement System. Gov. Ron DeSantis' budget chief to lead state body in charge of Florida ...
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The statutory and fiduciary mandate of the State Board of Administration of Florida (SBA) is to invest, manage and safeguard assets of the Florida Retirement System (FRS) Trust Fund as well as the assets of a variety of other funds. The SBA manages 25 different investment funds and trust clients.
The new retirement is no retirement: Baby boomers are keeping jobs well into their sixties and seventies because they ‘like going to work’ Alicia Adamczyk December 27, 2024 at 5:16 AM