The state could address the pension challenge through one key policy change: moving new employees from traditional defined ...

Govt is considering a five-year cut in the age of superannuation, but experts believe the move won’t have long-term benefits.

The Nevada Public Employees’ Retirement System shows the high cost of ignoring that adage ... take Mr. Franklin’s advice.

As it pertains to prior service costs ... is a defined-benefit retirement savings plan that is managed and administered by an employer. The payout during retirement is based on a formula that ...

Public employees at all levels play an important role in providing needed services to New Jersey residents, but in an era where pressure on taxpayers increases every year and where local property ...

The LGPS is a “defined benefit” scheme, meaning that it promises members a pension in retirement worked out according to a formula based ... larger funds is lower costs. However, the Pensions ...

Unlock a secure retirement for teachers. Explore tailored strategies for pension optimization, tax benefits, Social Security, ...

Defined benefit plan: With this type of plan, employers promise workers a certain amount of retirement income, which is defined based on a pre-established formula that takes an employee’s wages ...

In a private sector position without the benefit of a pension and the FERS Special Retirement Supplement, this employee may ...

The 2025 state budget and potential talks for a regular government dominate Monday’s news media. The recent events in Syria are also in the focus of attention.

For deferred pensioners which benefit formula ... early retirement and winding up lump sums, can be used to reduce the additional cost of securing members’ benefits. • Option 1 – appoint ...