Pew pension report says state retirement systems flush from stock, contribution increases bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.
State and Local Government Workers Annuity Preferences plansponsor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from plansponsor.com Daily Mail and Mail on Sunday newspapers.
This is the case in fifteen U.S. states, according to an op-ed published by
“Although these plans ought to provide benefits that are the equivalent of the combination of Social Security and a private-sector retirement plan, federal law requires that, at a minimum, they must provide benefits at least as good as those provided by Social Security, and has established a ‘Safe Harbor’ formula that determines whether plans comply with these rules,” according to the op-ed.
“If a plan pays a benefit of at least 1.5% of pay, averaged over the last three years of service, and beginning no later than Social Security retirement age, then the plan is considered ‘qualified’ and the state/town/school district can opt out of Social Security,” the op-ed states.
Deux proches de Nicolas Sarkozy déchus de la Légion d honneur capital.fr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from capital.fr Daily Mail and Mail on Sunday newspapers.
Levallois-Perret : Patrick Balkany n en a pas fini avec la justice leparisien.fr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leparisien.fr Daily Mail and Mail on Sunday newspapers.