Public Employees' Retirement System (PERS) - Definition & Meaning

A Public Employees' Retirement System (PERS) is a government-sponsored retirement plan established to provide retirement, disability, and other benefits to public employees, including government workers, teachers, firefighters, and law enforcement personnel.

PERS programs are funded through a combination of contributions from employees, employers (typically government agencies), and investment returns on the retirement fund's assets.

These retirement systems are designed to ensure that public employees receive financial security and support during their retirement years. The specific structure and benefits of PERS programs can vary by jurisdiction.

Other Terms Starting With P

Plagiarism

Plagiarism refers to the act of using someone else's words, ideas, or creative work without proper acknowledgment or attribution, presenting them as one's own. It is a serious academic offense that undermines the principles of academic integrity, honesty, and intellectual property rights.

Proctor

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Proctored

In the context of education and examinations, the term "proctored" refers to a process of supervision or monitoring of tests, assessments, or exams by an authorized individual or system known as a proctor...

Professional Development

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Post-secondary education refers to any education that occurs after high school. This includes colleges, universities, vocational schools, and other institutions that offer academic or professional training beyond high school.

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Peer Review

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Post-Secondary Education

Postgraduate refers to educational programs and studies that individuals pursue after completing their undergraduate studies, typically a bachelor's degree. Postgraduate programs, also known as graduate or advanced degree programs, offer individuals the opportunity to specialize further in a particular field of study or pursue advanced research.

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Public Employees' Retirement System (PERS) - Definition & Meaning

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