Employees contributing towards their retirement often wonder what kind of pension they may expect from the Employee Pension Scheme (EPS). Understanding how EPS works and how the pension is calculated ...

The monthly pension of an employee is determined by the period of service, rounding up the number of years if the employee has completed six months or more. For example, 10 years and 7 months of ...

Your Final Salary Pension is calculated from the salary you were being paid by Which? when you left the Scheme (1) and your length of service in the Scheme. The calculation works out the pension to be ...

Facing another year of fiscal problems, Gov. Chris Christie changed the funding formula for the state’s pension contribution so that he could cancel $93.7 million in previously budgeted pension ...

"On-call" service is included in the calculation of retirement benefits for Pennsylvania state employees, the Commonwealth Court has ruled. A unanimous en banc panel ruled July 6 in Czarnecki v. State ...

Spotlight PA is an independent, nonpartisan newsroom powered by The Philadelphia Inquirer in partnership with PennLive/The Patriot-News, TribLIVE/Pittsburgh Tribune-Review, and WITF Public Media. Sign ...

Haryana government has decided to grant one notional increment to its employees for the purpose of pension calculation, who have retired or will retire on June 30 or December 31, provided they have ...

After Pennsylvania’s biggest pension plan botched a crucial financial calculation, the FBI launched an investigation, the fund’s board began its own probe, and 100,000 public school employees suddenly ...

The headaches for PSERS — the Public School Employees’ Retirement System — began this spring when its board admitted endorsing a bad number for its investment profits. (Kalim A. Bhatti for The ...