Sample Bonus Plans For Employees In Miami-Dade
Description
Form popularity
FAQ
An employer shall not discharge, reduce the compensation or otherwise discriminate against any employee for making a complaint to the Living Wage Commission, the applicable department, the County, or otherwise asserting his or her rights under this Chapter, participating in any of its proceedings or using any civil ...
The COLA was 3.2% in 2024. Nearly 68 million Social Security beneficiaries will see a 2.5% COLA beginning in January 2025. Increased payments to nearly 7.5 million people receiving SSI will begin on December 31, 2024.
A COLA increase of 2.5% will raise the average monthly benefit by about $48 a month. The 2025 COLA is lower than 2024's 3.2%, and much lower than 2023's 8.70% increase.
Miami-Dade County provides retirement benefits for eligible employees through the Florida Retirement System (FRS). The FRS is qualified under Section 401(a) of the Internal Revenue Code and provides a defined benefit (FRS Pension Plan) and a defined contribution plan (FRS Investment Plan) option.
Miami-Dade teachers may choose the FRS Pension Plan, a traditional defined benefit plan, rather than the FRS Investment Plan. There is also a Hybrid Option for the Investment Plan.
Effective September 30, 2024, the Florida minimum wage will be $13.00 per hour. On November 3, 2020, Florida voters approved a constitutional amendment to gradually increase the state's minimum wage each year until reaching $15.00 per hour in September 2026.
For normal retirement and to receive your full monthly benefit, you must be age 65 with at least 8 years of service or have 33 years of service regardless of age.
When you work for the state, the Florida Retirement System (FRS) offers two retirement options: The FRS Pension Plan provides a monthly benefit to you when you retire.
State and Local Governments Sponsor “Defined Benefit” Plans for Their Employees. As part of employment, the state provides defined benefit pension plans for its employees and for those of public schools and community colleges.
