Search results
Results from the WOW.Com Content Network
[2] [6] CERS and KERS are multiple-employer, cost-sharing defined-benefit pension plans with Non-Hazardous and Hazardous members. [2] SPRS is a single-employer, defined-benefit pension plan with Hazardous members. Each system covers regular full-time members employed by the participating agencies. [7] Kentucky's public employee pension system ...
Severance pay in Luxembourg upon termination of a work contract becomes due after five years' service with a single employer, provided the employee is not entitled to an old-age pension and the termination is due to redundancy, unfair dismissal, or covered in a collective labor agreement. [32]
A less severe form of involuntary termination is often referred to as a layoff (also redundancy or being made redundant in British English). A layoff is usually not strictly related to personal performance but instead due to economic cycles or the company's need to restructure itself, the firm itself going out of business, or a change in the function of the employer (for example, a certain ...
Beshear’s budget proposal included $100 million for the 13 th check — a one-time additional payment for retirees of the Kentucky Employees Retirement System and State Police Retirement System.
For premium support please call: 800-290-4726 more ways to reach us
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 ...
Three out of every four years in Kentucky are election years, but a bill advancing in the Senate seeks to change that. Senate Bill 10, filed by Sen. Chris McDaniel, R-Ryland Heights, on the first ...
An employer is able to apply for a reduction in the amount of money they have to pay the employee they have made redundant. An employer can do this by applying to the Fair Work Commission for a redundancy payment reduction. [29] A layoff is also known as a retrenchment in (South African English). In the UK, permanent termination due to ...