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  2. Retirement Insurance Benefits - Wikipedia

    en.wikipedia.org/wiki/Retirement_Insurance_Benefits

    The second tier, for those who are reaching their full retirement age, reduces the benefits for the year by $1 for every full $3 the beneficiary earns over the second tier annual exempt amount. [15] The first tier annual exempt amount is $18,960 and the second tier annual exempt amount is $50,520 for the year 2021. [16]

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  4. OMERS - Wikipedia

    en.wikipedia.org/wiki/OMERS

    The Ontario Municipal Employees Retirement System [3] (OMERS) is a Canadian public pension fund, headquartered in Toronto, Ontario.OMERS is a defined benefit, jointly sponsored, multi-employer public pension plan created in 1962 by Ontario provincial statute to administer retirement benefits and manage pension investment funds of local government employees in the Canadian province of Ontario.

  5. Retirement plans in the United States - Wikipedia

    en.wikipedia.org/wiki/Retirement_plans_in_the...

    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.

  6. Congressional pension - Wikipedia

    en.wikipedia.org/wiki/Congressional_pension

    As of 2019, members are covered under one of four retirement arrangements: . CSRS and Social Security; The “CSRS Offset” plan, which includes both CSRS and Social Security, but with CSRS contributions and benefits reduced by Social Security contributions and benefits;

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  8. Pensions in Mexico - Wikipedia

    en.wikipedia.org/wiki/Pensions_in_Mexico

    Mexico reformed its pension system in 1997, transforming it from a pay as you go (PAYG), defined benefit (DB) scheme to a fully funded, private and mandatory defined contribution (DC) scheme.

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