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In May 2017, Cetera announced the launch of its advisory platform, My Advice Architect. The platform has since grown to host more than $100 billion in assets. [23] In July 2018, Genstar Capital announced its intention to acquire the majority interest in the Cetera Financial Group. [24] The transaction was completed in October 2018. [25]
The Los Angeles County Employees Retirement Association (LACERA) is an independent Los Angeles County agency that administers and manages the retirement fund for the County and outside Districts (Little Lake Cemetery District, Local Agency Formation Commission for the County of Los Angeles, Los Angeles County Office of Education, and South Coast Air Quality Management District). [3]
The retirement benefit structure of CCCERA is based upon the County Employees Retirement Law (CERL) of 1937, commonly referred to as the “37 Act.” On March 6, 1944, the Contra Costa County Board of Supervisors voted to adopt an ordinance giving county voters the opportunity to accept or reject the CERL as the framework for retirement ...
Retirement plans are classified as either defined benefit plans or defined contribution plans, depending on how benefits are determined.. In a defined benefit (or pension) plan, benefits are calculated using a fixed formula that typically factors in final pay and service with an employer, and payments are made from a trust fund specifically dedicated to the plan.
An individual retirement account [1] (IRA) in the United States is a form of pension [2] provided by many financial institutions that provides tax advantages for retirement savings. It is a trust that holds investment assets purchased with a taxpayer's earned income for the taxpayer's eventual benefit in old age.
Employee morale across the campus was cratering. Inside Nike’s Sebastian Coe Building in Beaverton, where all the C-level executives sit, the consensus was gathering: Something had to be done.
In the United States, a 403(b) plan is a U.S. tax-advantaged retirement savings plan available for public education organizations, some non-profit employers (only Internal Revenue Code 501(c)(3) organizations), cooperative hospital service organizations, and self-employed ministers in the United States. [1]
The Retirement Board was restructured, altering the board membership and establishing a membership council. A system for judges was added in the 1990s. [5] In 2010, the Utah legislature created a "Tier II" retirement plan for new employees, with a smaller benefit than the old plan. [7]