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The Los Angeles County Employees Retirement Association ( LACERA) is an independent Los Angeles County agency that administers and manages the retirement fund for the County and outside Districts (Little Lake Cemetery District, Local Agency Formation Commission for the County of Los Angeles, Los Angeles County Office of Education, and South Coast Air Quality Management District ). [3] In 2012 ...
Retirement age in the public sector is usually lower than in the private sector. Public pension plan managers in the United States take higher risks investing the funds than ones outside the United States or those in the private sector. [1]
Utah Retirement Systems administers pension plans and retirement savings plans for public employees in the U.S. state of Utah. There are eight separate defined-benefit pension plans administered by URS, as well as various retirement savings plans. As of December 31, 2014, the URS was managing over $31 billion in its pension trust funds, for nearly 200,000 members. [1] Besides the pension trust ...
A retirement plan is a financial arrangement designed to replace employment income upon retirement. These plans may be set up by employers, insurance companies, trade unions, the government, or other institutions. Congress has expressed a desire to encourage responsible retirement planning by granting favorable tax treatment to a wide variety of plans. Federal tax aspects of retirement plans ...
Here’s how to invest your money after retirement so it can continue to last you through your golden years. 1. Calculate your retirement expenses. When you were saving for retirement, you were ...
Author Teresa Ghilarducci pointed out that nearly half of all families in the US have no retirement savings. “This humanitarian and economic crisis is on the boil," she said.
If you’re hoping to retire sometime within the next decade, 10 years may not feel so far away — but when it comes to finances, are you where you thought you’d be with your retirement savings?
The Michigan Office of Retirement Services (ORS) administers retirement programs for Michigan 's state employees, public school employees, judges, state police, and National Guard. ORS also provides various retiree healthcare benefits, including traditional insurance plans, Personal Healthcare Funds, and Health Reimbursement Accounts.