Sentences with phrase «retirement payments»

Pension plans and other «guaranteed» forms of retirement payments have been on the out, while your personal savings and investment success are in.

You can also receive a permanent increase in your benefit by deciding to delay the start of your social security retirement payments, as explained on this page.

Say you are 50 years old, and if you stopped working today, your employer tells you that when you reach 65 you will receive $ 10,000 a year in retirement payments.

If the military member was eligible to receive retirement payments before he or she became disabled, the size of those payments will probably increase as a result of the disability.

Starting the day after you reach minimum retirement age, those disability retirement payments are taxed as pension payments.

In this situation, the individual is eligible to receive the full amount of unemployment insurance in addition to the full retirement payment he would otherwise receive.

This would result in a lower monthly retirement payment than the single annuity option, but your spouse would continue to receive a portion of your retirement income after your death.

Amid ongoing warnings about underfunded public employee pension funds, more than a dozen California state lawmakers are augmenting their $ 107,242 salaries by collecting retirement payments from previous government jobs, a practice that taxpayer activists condemn as «double dipping.»

Amid ongoing warnings about underfunded public employee pension funds, more than a dozen California state lawmakers are augmenting their $ 107,242 salaries by collecting retirement payments from...

In Nevada's Clark County, teachers with more than 30 years of experience actually earn substantially less total compensation than a novice teacher: the loss in retirement payments for such a teacher who remains employed another year is more than the difference between his salary and that of a newly hired teacher.

County Executive Anthony J. Picente announced today that Oneida County paid off $ 4,315,349 in amortized state retirement payments from 2015, 10 years ahead of schedule.

Since 2011 Oneida County's total retirement payment is $ 58,015,009.

If the drastic jump in retirement payments since 1934 didn't tip you off, there's been a number of necessary amendments made to the Social Security Act since its implementation to keep up with the ever changing economy.

Comptroller officials say local governments can make deferred retirement payments under collective bargaining agreements, but the practice is prohibited for special districts, according to the audit.

Michael Scarlata retired in 1998 and he collected annual retirement payments of $ 26,217 until 2012, when the remaining $ 51,122 was bought out.

1759 — The first fixed annuities arrive in America as a lifetime retirement payment plan for church pastors in Pennsylvania.

But the Social Security law contains a Public Pension Offset (also called the Government Pension Offset) to reduce or eliminate Social Security spousal benefits for most Federal retirees (those receiving recurring retirement payments).

An Army soldier or other military member and his spouse must consider special issues such as deployment, military benefits for the spouse and dividing military retirement payments.

This means income from all sources, including salary, wages, bonuses, commissions, tips; deductions, such as court - ordered child support, court - ordered alimony, FICA, taxes, Medicare payments, union dues, mandatory retirement payments, health insurance premiums as well as assets and liabilities.

Picente said «We are mandated to make retirement payments to the State, even though we have no control in how the fund is managed or what it invests in.

Also drawing the ire of lawmakers and pundits is the $ 125 million retirement payment going to Wells Fargo executive Carrie Tolstedt upon her retirement at the end of the year.

Defined benefit pension plan (DB plan): A retirement plan that guarantees a specified retirement payment beginning at a certain age and after a specified period of service.

A pension fund spokesman, John Cardillo, said that more than 80 percent of retirement payments come from investment income.

Picente said «Amortization has been one of the most effective tools to relieve county taxpayers from mandated retirement payments to the State.

When the validity of Rosenthal's «consulting» arrangement with the Housing Authority was questioned, Rosenthal and Meissner submitted a falsified, backdated contract in an effort to cover the illegal retirement payments.

This is why those who favor TFA want to also remove tenure so that future retirements payments can be reduced by replacing more career teachers with TFA teachers.

At the beginning of the year, as part of the American Taxpayer Relief Act, Congress passed a change in pension law to allow 401 (k) participants to convert their assets in these accounts into Roth accounts — accounts that distribute retirement payments on a tax - free basis.

At the Federal Reserve's target rate of 2 percent, inflation could erode more than $ 73,000 of a retiree's purchasing power over 20 years if that person were receiving the monthly average Social Security retirement payment of $ 1,341.

Those provisions limit the number of hours a rehired retiree can work before their receipt of retirement payments is automatically suspended.

County Executive Anthony J. Picente announced today his plan to pay off $ 2,907,482 in amortized state retirement payments.

Since 2011 Oneida County's total retirement payment will be forty four million dollars.

Oneida County has paid $ 49,434,380 in retirement payments since 2011, including 2015's bill, which were not amortized.

Agreements between the district's governing board and the pair resulted in Mike Scarlata, who retired as supervisor in 1998, receiving $ 391,000 in deferred retirement payments from 1998 to 2013 he was not entitled to.

In these plans, the annual retirement payment, or annuity, is based on the product of three variables: years of service, a formula factor, and the «final average salary.»

Possible sources of tax - free income include military allowances like the basic allowance for housing and cost - of - living allowance, child support payments, workers» compensation benefits, disability retirement payments and certain types of public assistance payments.

The phases of an annuity can be combined in the fusion of a retirement savings and retirement payment plan: the annuitant makes regular contributions to the annuity until a certain date and then receives regular payments from it until death.

But the Social Security law contains a Public Pension Offset to reduce or eliminate Social Security spousal benefits for most Federal retirees (those receiving recurring retirement payments).

Agents are responsible for your financial responsibilities including investments, bank transactions, insurance, claims and litigations, family obligations (child support, alimony or palimony, tuition), military retirement payments, social security payments, bills and debt payments, and taxes.

Mandatory retirement payments and union dues are also considered.

If a military member is disabled, can no longer perform his or her duties, and has served 20 creditable years, he or she can be automatically placed on a «disability retired list» and receive retirement payments.

The monthly payout amount is subject to cost of living adjustments, the same as Social Security retirement payments.

For clarification, the statement is made from the perspective of why a government would implement forced retirement payments, not what to do once such a system is in place - forced retirement payments have nothing to do with the statement, and there is no specific system in question.

For the first time since the recession began, New York's pension fund has announced that local governments will be able to contribute slightly less money to their employees» retirement payments.

He will be sentenced next year, and the prosecutor who brought both cases — Preet Bharara, the U.S. Attorney for the Southern District of New York — has hinted that he will try to seize the retirement payments.

It's a hard decision to delay some of our retirement payments but it is a better decision than raising taxes on hardworking families in Oneida County.»

And while the district's health insurance contributions will rise 7.5 percent next school year, Mr. Gamberg said the increase is expected to be offset by a decrease in BOCES and retirement payments.

It wasn't long ago that a Democratic state legislator in Rhode Island called teachers, «pigs at the public trough» during a hearing on public employee pension reform, despite the fact that it is federal law that requires that states have public teacher pension programs, and it is federal law that prohibits teachers from participating in social security, meaning those mandated state pensions are their only direct mechanism for retirement payments.