Doe National Laboratory Restructuring Hearing Before the Subcommittee On Basic
Doe National Laboratory Restructuring Hearing Before the Subcommittee On Basic
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We have been asked if H. R. 884 became law exactly how many people would be eligible for the retirement incentive program and how much would it cost. In June of 1994, PERS estimated the cost of such an incentive, the three years of additional service and three years of age credit, to be $46 million based on participation by all 443 PERS members at the three laboratories.
We estimate that approximately 300 laboratory employees are currently covered by the PERS program. Other employees have re- t...ired since 1993-94.
If we assume a high-take rate, as the question imposes upon us, if we assumed that 80 percent of those eligible for such a retire- ment program would participate in a retirement incentive, we would expect those employees to have close to 30 years of service, to be near or above 60 years of age, amd to be relatively highly paid. The estimate we would make of the cost of such a retirement with an 80 percent participation or take-rate would be in the neighborhood of $35 million.
What to read after Doe National Laboratory Restructuring Hearing Before the Subcommittee On Basic?
You can find similar books in the "Read Also" column, or choose other free books by Ze20retirement20incentives20for20certain20emp to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
We have been asked if H. R. 884 became law exactly how many people would be eligible for the retirement incentive program and how much would it cost. In June of 1994, PERS estimated the cost of such an incentive, the three years of additional service and three years of age credit, to be $46 million based on participation by all 443 PERS members at the three laboratories.
We estimate that approximately 300 laboratory employees are currently covered by the PERS program. Other employees have re- t...ired since 1993-94.
If we assume a high-take rate, as the question imposes upon us, if we assumed that 80 percent of those eligible for such a retire- ment program would participate in a retirement incentive, we would expect those employees to have close to 30 years of service, to be near or above 60 years of age, amd to be relatively highly paid. The estimate we would make of the cost of such a retirement with an 80 percent participation or take-rate would be in the neighborhood of $35 million.
What to read after Doe National Laboratory Restructuring Hearing Before the Subcommittee On Basic?
You can find similar books in the "Read Also" column, or choose other free books by Ze20retirement20incentives20for20certain20emp to read onlineMoreLess
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