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LACERA was established on January 1, 1938, following passage of the County Employees Retirement Law of 1937 (CERL), which mandates LACERA to pay for the defined retirement benefits of Los Angeles County employees and their beneficiaries. In 1971, LACERA began administering a retiree healthcare benefits program. Management
Exploring expenditures reveals more about retirees’ financial health. Data from the Bureau of Labor Statistics indicates that in 2022, Americans aged 65 and older spent an average of $57,818 ...
Nine out of 10 organizations globally are concerned about employee retention, and half of the hiring managers in Europe predict an increase in employee turnover in 2024. This means that keeping ...
Young employees want work-life balance and are willing to craft elaborate work-arounds to make it happen. Millennials call it ‘quiet vacationing,’ but it’s really remote work gone wrong ...
Delta Air Lines is one of the major airlines of the United States and a legacy carrier headquartered in Atlanta, Georgia. The United States' oldest operating airline and the seventh-oldest operating worldwide, Delta along with its subsidiaries and regional affiliates, including Delta Connection, operates over 5,400 flights daily and serves 325 destinations in 52 countries on six continents.
Public employee pension plans in the United States. In the United States, public sector pensions are offered at the federal, state, and local levels of government. They are available to most, but not all, public sector employees. These employer contributions to these plans typically vest after some period of time, e.g. 5 years of service.