Sentences with phrase «in the defined benefit plan if»

Still, it may be dangerous to leave your cash in a defined benefit plan if it looks like your company is in perilous shape.

«In the defined benefit plan if you pack up at age 40 and go to another employer you usually lose,» says Malcolm Hamilton, a partner with Mercer Human Resource Consulting.

Not exact matches

If you do find that you are in a defined benefit plan, Salisbury recommends getting a copy of the plan description and asking a few questions: «Have you been mailing me a benefits statement that I haven't bothered to look at?

When the process has run its course, they threaten their work force with bankruptcy that will wipe out its pension benefits if employees do not agree to «downsize» their claims and replace defined - benefit plans with defined - contribution plans (in which all that employees know is how much they pay in each month, not what they will get in the end).

If the shift away from defined - benefit pension plans caused the increase in mortality, then one would expect to see the opposite relationship between education and mortality: there would presumably be an increase in mortality among the more - educated in this group of Americans than among the less - educated, given that it is the more - educated who have disproportionately lost defined - benefit retirement pensions.

As I write in a piece for RealClearEducation, «When advocates for traditional defined - benefit pensions say things like, «pension plans would be in better financial shape if states made their required contributions,» that's true, but only half the story.

This topic is particularly relevant in K - 12 education, where debates are waged over whether teacher pension plans should be maintained as defined benefit (DB) systems or if they should transition to defined contribution (DC) systems which are, by definition, fully - funded.

If the vast majority of workers remained in one pension plan for the life of their career, the back - loaded nature of defined benefits would create some perverse incentives around the normal retirement age (where pension wealth comes to a steep spike), but it wouldn't matter that the employee was accumulating very little early in their career.

The current «hybrid» plan is dominated by its defined benefit component, and it has no way to keep costs in check over time if its assumptions prove inaccurate; and

«If it's an indexed defined benefit pension plan, she should leave her share in the plan and collect it at retirement.»

Distributions made to you after you separated from service with your employer if the separation occurred in or after the year you reached age 55, or distributions made from a qualified governmental defined benefit plan if you were a qualified public safety employee (State or local government) who separated from service on or after you reached age 50.

Usually if there is a funding shortfall in a defined benefit plan, the employer is solely responsible for making up the shortfall, although in some plans it is shared with employees.

From my experience with fellow baby boomers who have already retired in their 50s, I can give you one tip: if you truly wish to leave the rat race before you're 60, then get a government job in your early 20s — preferably upon graduating from university or college — enroll in the Defined Benefit pension plan, then hang on to that job for dear life for about 30 years.

In this respect, annuities function like defined - benefit pension plans (if you have a good - sized one, you may not need annuities).

If she's in a pension plan — either defined benefit (DB) or defined contribution (DC)-- she may not have RRSP room.

Tax reform has only increased the incentive to accelerate contributions to defined benefit plans, and there will still be incentives in the future, but plan sponsors won't benefit if they don't lock in those gains.

I've always believed in maximizing RRSPs each year as I go; if you're making a good salary and are not in a Defined Benefit pension plan, there's so much RRSP room available that it can be a daunting proposition to catch up once you fall behind a year or two.

If you diligently maximize your RRSP contributions each and every year but have this nagging feeling that you may end up worse off in retirement than your neighbour, who is fortunate enough to belong to a well - funded defined benefit pension plan, you're probably correct.

We often lament the decline of pension plans, and this is exactly that: If you're self - employed, you can set up your own pension — a guaranteed stream of income — in retirement by using a defined benefit plan.

They should know that Social Security and company pension plans are no longer reliable retirement income options — especially the latter, as private - sector employers eschew defined - benefit plans in favor of defined - contribution plans such as 401 (k) plans, which shift much, if not all, of the savings burden onto the employee.

If you're in a defined benefit (DB) pension plan, you may not have much RRSP room or generate much new RRSP room each year (perhaps as little as $ 600 of new RRSP room annually), but do your best to maximize your RRSP room and your eligible RESP transfer.

Plans determine what a participant's monthly benefit payment would be if the participant's individual account balance in the defined contribution plan were used to purchase an annuity at retirement, based on standard assumptions for interest rates and the participant's life expectancy.

Even if they do, it's a tiny pittance compared to how much employers were compensating employees back in the good «ol days with actual defined benefit pension plans for retirement.

In addition to PBGC's own searches, members of the public can search to see if they are owed a pension from a private (non-governmental) single - employer defined benefit plan - see Find an Unclaimed Pension.

When designing retirement plans for government employees, if defined benefit plans are to be replaced by defined contribution plans and individual accounts, the position in favor of the individual income annuities should be stronger still — as a default selection.

a former salaried, pension - eligible, non-union employee of Teck Metals Ltd., Teck Resources Limited, Cominco Resources International Limited, CESL Limited or Agrium Inc., who terminated employment, by retirement or otherwise, in such a manner that you would have been entitled to defined pension benefits if you had remained a member of the defined benefit pension plan,

who terminated employment, by retirement or otherwise, in such a manner that they would have been entitled to defined pension benefits if they had remained members of the defined benefit pension plan, who elected to move from the defined benefit pension plan to the defined contribution pension plan effective on or about January 1, 1993 including the personal representatives of any who have died and excluding Judy Erickson and Louise Malkin.

If a group health plan provides health benefits solely through an insurance contract with a health insurance issuer or HMO, and the group health plan creates or receives protected health information in addition to summary information (as defined in § 164.504 (a)-RRB- and information about individuals» enrollment in or disenrollment from a health insurance issuer or HMO offered by the group health plan, the group health plan must maintain a notice that meets the requirements of this section and must provide the notice upon request of any person.

However, the other excepted benefits as defined in section 2971 (c)(2) of the PHS Act, 42 U.S.C. 300gg - 91 (c)(2), such as limited scope dental or vision benefits, not explicitly excepted from the regulation could be considered «health plans» under paragraph (1)(xvii) of the definition of «health plan» in the final rule if and to the extent that they meet the criteria for the definition of «health plan.»

Suicide, attempted suicide or any intentionally self - inflicted injury of you, a traveling companion, family member or business partner booked to travel with you, while sane or insane; an act of declared or undeclared war; participating in maneuvers or training exercises of an armed service, except while participating in weekend or summer training for the reserve forces of the United States, including the National Guard; riding or driving in races, or speed or endurance competitions or events; mountaineering (engaging in the sport of scaling mountains generally requiring the use of picks, ropes, or other special equipment); participating as a member of a team in an organized sporting competition or participating as a professional in a stunt, athletic or sporting event or competition; participating in skydiving or parachuting, parasailing, hang gliding, bungee cord jumping, extreme skiing, skiing outside marked trails or heli - skiing, mountaineering, any race, speed contests not including any of the regatta races, spelunking or caving, hot air ballooning, or scuba diving if the depth exceeds 120 feet (40 meters) or if you are not certified to dive and a dive master is not present during the dive; piloting or learning to pilot or acting as a member of the crew of any aircraft; being intoxicated or under the influence of any controlled substance unless as administered or prescribed by a legally qualified physician; the commission of or attempt to commit a felony or being engaged in an illegal occupation; normal childbirth or pregnancy (except complications of pregnancy) or voluntarily induced abortion; dental treatment (except as coverage is otherwise specifically provided herein); amounts which exceed the maximum benefit amount for each coverage as shown in the Schedule of Benefits; due to a pre-existing condition, as defined in the plan documents.

If you are a non-U.S. citizen under age 70, this exclusion is waived for eligible medical expenses for an Acute Onset of a Pre-existing Condition (s)(as defined herein) as shown in the Schedule of Benefits for your chosen plan (Plan A, B, C, D, orplan (Plan A, B, C, D, orPlan A, B, C, D, or E).

If you participate in a defined benefit pension plan currently or if you have ever participated in -LSB-..If you participate in a defined benefit pension plan currently or if you have ever participated in -LSB-..if you have ever participated in -LSB-...]

Any funds in a Defined Benefit Plan such as a pension or a Defined Contribution Plan such as a 401 (k) or IRA are considered marital property if they were acquired during your marriage.