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Pennsylvania Municipal Retirement System (also known as PMRS) is an independent state agency of the Commonwealth of Pennsylvania that manages the public pension system for some municipal employees in Pennsylvania. It was founded in 1974.
The employee contributes 10% of his gross salary to the system while the employer contributes a matching amount. At the official age of retirement, the employee can withdraw 60% of the amount as a lump sum while 40% needs to be compulsorily used to buy annuity that will be used to pay a monthly pension. The system tries to achieve a target of ...
The state scheme is financed by a payroll tax known as "social security contributions". The rate in 2013 is 15.15% (8.4% for the employer and 6.75% for the employee) of pay up to the social security contribution ceiling of €37,032, and 1.7% (1.6% for the employer and 0.1% for the employee) on the remainder of the salary. [7]
The System provides pension benefits such as normal retirement, disability retirement, surviving spouse benefits and a death benefit. The System receives its funding from employer and member contributions, a portion of the state insurance premium tax and returns on investments.
Along with the Henderson Bridge located one mile to the north, the Washington Bridge is one of two spans crossing the Seekonk River in Providence. From 2012 to 2015, a bicycle and pedestrian park was constructed on a remaining section of the original Washington Bridge. [8] The park opened in September 2015, at a total cost of $21.8 million. [9]
The Los Angeles County Employees Retirement Association (LACERA) is an independent Los Angeles County agency that administers and manages the retirement fund for the County and outside Districts (Little Lake Cemetery District, Local Agency Formation Commission for the County of Los Angeles, Los Angeles County Office of Education, and South Coast Air Quality Management District). [3]
Members of the eight URS pension systems are the employees of over 700 different employers. The two largest systems are the Public Employees Noncontributory Retirement Systems, Tier I and Tier II, with 463 participating employers including all of Utah's school districts, the State of Utah, and its counties and various political subdivisions.
Thomas Jefferson University Hospitals, Inc, branded as Jefferson Health, is a multi-state non-profit health system whose flagship hospital is Thomas Jefferson University Hospital in Center City Philadelphia. The health system's hospitals serve as the teaching hospitals of Thomas Jefferson University. Thomas Jefferson University and Jefferson ...