Government Retirement Pension

Government retirement pension forms an important part of the retirement pension plans in the US. They mostly cover the public sector and also other employees of the related government and federal jobs. Mostly government retirement pension is according to the states and the local governments. Like there are some states where defined contribution retirement pension plans are available instead of the defined-benefit pension plans. There are also some states where the pension plans are also referred to as the Public Employee Retirement Systems (PERS).

Some of the well known state level government retirement pension plans are:

Arkansas Retirement system: Usually, the Arkansas Retirement system consists of 6 defined retirement pension plans. They mostly cater to the benefits of the state level and local level employees. Some of the well known pension plans available here include Judicial Retirement, Public Employees Retirement, and State Police Retirement, District Judges Retirement plan, State Highway Employees Retirement and others.

Retirement system of Alabama: The pension system is one of the well known forms of the Alabama retirement system. The system usually looks after the pension plans and the benefits of the employees of the public sector. The decisions are taken by the council of members regarding any pension or benefit related issues.

Alaska Retirement System: The Alaska retirement system is a well known pension system in the US. It is provided by the state of Alaska and caters to the employees of the state and government offices. Employees and teachers of the public schools and education institutions are also included in the list.

Pension plans in California: Government retirement pension plans in California mainly consist of the California State Teachers' Retirement System (CalSTRS) and the California Public Employees' Retirement System (CalPERS). Both these plans cover the benefits of the state level and local level employees and also the state school teachers and the staff.

Oregon Public Employees Retirement System: Under the Oregon Public Employees retirement system, the state level employees, staff of the local government and the school district are covered. There is also health insurance plan included under the pension plan which employees can enjoy.

Apart from these, there are other state level retirement plans which cover many employees. Some of them are:

• State Employees’ Retirement System (SERS)
• Public Employees Retirement Association of Minnesota
• Ohio Public Employee Retirement System
• Public School Employees' Retirement System in Pennsylvania
• New Hampshire Retirement System
• New York State and Local Retirement System
• Arizona State Retirement System
• Public Safety Personnel Retirement System of Arizona
• Colorado Public Employees Retirement Association
• Connecticut Teachers' Retirement Board