Old Pension Scheme: Many states in India still follow the Old Pension Scheme (OPS). States such as Himachal Pradesh, Rajasthan, Chhattisgarh, and Punjab have recently reintroduced OPS. Central ...

UPS Pension Calculations: Central government employees had National Pension System (NPS) as their default setting for the pension scheme. But they can now select Unified Pension Scheme (UPS) also. If ...

SACRAMENTO, Calif. (AP) — A state pension fund committee on Tuesday approved retirement calculations for new government hires despite concerns about so-called “pension spiking” raised by Gov. Jerry ...

SACRAMENTO, Calif. — A state pension fund committee on Tuesday approved retirement calculations for new government hires despite concerns about so-called “pension spiking” raised by Gov. Jerry Brown ...

SEATTLE--(BUSINESS WIRE)--Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 ...

A 1997 Compensation Commission Report recommended eligibility and pension calculation changes to the legislative pension plan. The General Assembly never rejected those changes, so they became law.

Legislators are renewing a long-running debate about whether overtime earnings should continue to be included when calculating pensions for state employees. A Republican lawmaker who introduced a ...

With the state spending $378 million last year on overtime, legislators are debating a controversial bill to eliminate overtime from state pension calculations. The budget-writing appropriations ...