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House Bill 6061 would amend the State Employees’ Retirement Act to automatically enroll newly-hired employees into a defined benefit plan, while also allowing current employees to transition to ...
The state employee system and the public school employee system administered by ORS make up 95 percent of all active plan membership in Michigan. ORS is responsible for the 18th largest public pension system in the United States and the 47th largest pension system in the world, managing combined net assets of nearly $67.8 billion.
LANSING — Gov. Gretchen Whitmer's 2025 state budget proposes adding about 588 full-time employees to the payroll and would bring the authorized state workforce to its highest level in more than ...
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In many states, public employee pension plans are known as Public Employee Retirement Systems (PERS). Pension benefits may or may not be changed after an employee is hired, depending on the state and plan, as well as hiring date, years of service, and grandfathering. Retirement age in the public sector is usually lower than in the private sector.
The American Federation of State, County and Municipal Employees (AFSCME) is the largest trade union of public employees in the United States. [2] It represents 1.3 million [ 1 ] public sector employees and retirees, including health care workers, corrections officers, sanitation workers, police officers, firefighters, [ 3 ] and childcare ...
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