A TRS typically provides adefined-benefit pension plan, which guarantees a monthly benefit based on plan-specific features. Most pensions that use the TRS name arequalified retirement plansunder theEmployee Retirement Income Security Act(ERISA).2 As with many pensions, TRS plans typically award benef...
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Although neither of those rules would have helped in the case in question, as the whole point of the story was that the midwife was still going strong at 71, long after the traditional retirement age. He also reported that various other euphemisms—“older adults,”“seniors.” and “elders...
I am fully vested in my state retirement plan, which has two components: a pension and a defined contribution. I have almost $115,000 in my TRS Plan 3 account, and $35,000 in my deferred-compensation plan. We own our home, bu...
When Generation Y people are viewed in a negative light, this seems to be a reflection on the fact that they’ll comprise a significant amount of the workforce just as the last baby boomers hit the retirement age of 65. If Social Security stays in place, Gen Yers will be the ones payin...