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In many states, public employee pension plans are known as Public Employee Retirement Systems (PERS). Pension benefits may or may not be changed after an employee is hired, depending on the state and plan, as well as hiring date, years of service, and grandfathering. Retirement age in the public sector is usually lower than in the private sector.
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The California Public Employees' Retirement System (CalPERS) is an agency in the California executive branch that "manages pension and health benefits for more than 1.5 million California public employees, retirees, and their families". [3][4] In fiscal year 2020–21, CalPERS paid over $27.4 billion in retirement benefits, [5] and over $9.74 ...
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Piers Stefan Pughe-Morgan (/ pɪərz /; né O'Meara, born 30 March 1965 [1]) is an English broadcaster, journalist, writer, and media personality. He began his career in 1988 at the tabloid The Sun. In 1994, at the age of 29, he was appointed editor of the News of the World by Rupert Murdoch, which made him the youngest editor of a British ...