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All members of Congress are automatically enrolled in the Federal Employees Retirement System, a pension system also used for federal civil servants, except the formula for calculating Congress members' pension results in a 70% higher pension than other federal employees based on the first 20 years of service. [44]
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.
Retirement, or the practice of leaving one's job or ceasing to work after reaching a certain age, has been around since the 18th century. Retirement as a government policy began to be adopted by countries during the late 19th century and the 20th century.
Vajira Chitrasena, 92, Sri Lankan choreographer. [1] (death announced on this date)Tomris Giritlioğlu, 67, Turkish film director (Mrs. Salkım's Diamonds, Pains of Autumn) and producer, cancer.
Hotmail service was founded by Sabeer Bhatia and Jack Smith, and was one of the first webmail services on the Internet along with Four11's RocketMail (later Yahoo! Mail). [9] [10] It was commercially launched on July 4, 1996, symbolizing "freedom" from ISP-based email [11] and the ability to access a user's inbox from anywhere in the world.
Severance is an American science fiction psychological thriller television series created by Dan Erickson and directed by Ben Stiller and Aoife McArdle.It stars Adam Scott, Zach Cherry, Britt Lower, Tramell Tillman, Jen Tullock, Dichen Lachman, Michael Chernus, John Turturro, Christopher Walken, and Patricia Arquette.
The entrance to the T.R.S. Building on Red River Street in Austin. Teacher Retirement System of Texas (TRS) is a public pension plan of the State of Texas.Established in 1937, TRS provides retirement and related benefits for those employed by the public schools, colleges, and universities supported by the State of Texas and manages a $180 billion trust fund established to finance member benefits.
Microsoft Bing, commonly referred to as Bing, is a search engine owned and operated by Microsoft.The service traces its roots back to Microsoft's earlier search engines, including MSN Search, Windows Live Search, and Live Search.
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