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Website. oregon.gov/pers. The Public Employees Retirement System (PERS) is the retirement and disability fund for public employees in the U.S. state of Oregon established in 1946. Employees of the state, school districts, and local governments are eligible for coverage. A health insurance plan for covered retirees was added to the program in 1987.
Federal Employees Retirement System - covers approximately 2.44 million full-time civilian employees (as of Dec 2005). [2]Retired pay for U.S. Armed Forces retirees is, strictly speaking, not a pension but instead is a form of retainer pay. U.S. military retirees do not vest into a retirement system while they are on active duty; eligibility for non-disability retired pay is solely based upon ...
Chip Terhune (President, CEO) 2021. The State Accident Insurance Fund Corporation (SAIF) is a not-for-profit, state-chartered workers’ compensation insurance company in the U.S. state of Oregon. It provides workers' compensation insurance and workplace safety services for Oregon employers, and claim management for injured workers.
Unlike traditional pension plans, in which the employer promises a specified monthly benefit at retirement, 401 (k) plans are funded by contributions deducted directly from the employee’s ...
A 401(k) is the most common type of employer-sponsored retirement plan but certain employees may have access to a 414(h) plan instead. A 414(h) plan, also called a pick-up plan, offers people who ...
1971: The Oregon Legislature created the Oregon Department of Human Resources, an agency providing a spectrum of human services to individuals, families and communities. . Over the years parts of the agency were spun off, becoming the Oregon Department of Corrections, the Oregon Employment Department, the Oregon Youth Authority, and the Oregon Housing and Community Services Departm
Empower was created in 1891, when parent company Great-West Lifeco was founded as an insurance provider on the Canadian prairie. [1] After serving more than a century of expansion and a profound evolution of service offerings, the modern iteration of Empower was launched in 2014, when the retirement businesses of Great-West Life combined the record-keeping services of Great-West Financial ...
The Department of Administrative Services is the agency of the government of the U.S. state of Oregon which is chiefly responsible, through its nine divisions, for administering all of the programs of the Governor and the executive branch, as well as providing administrative and support services to other state agencies, the legislature, and in some cases, individual citizens of the state.