Sentences with phrase «standard pension age»
If your Standard Pension Age is 65 your closing salary benefits are a pension calculated by multiplying your service by your regular salary and then dividing by 60.
http://www.investmentpedia.org/ Not exact matches
Our «old age pension» - NZ Superannuation - supports a basic standard of living in retirement.
The report recommends police forces move away from a final salary to a career - average system, the raising of standard retirement age to 60 and, in the longer term, the design of a whole new scheme for dealing with police pensions.
End state - mandated pension standards for those districts, such as retirement age, and require each district to separately negotiate what they can afford.
Hawaii's pension plan is commended for utilizing a constant benefit multiplier of 2 percent; however, teachers may retire before standard retirement age based on years of service without a reduction in benefits.
If you delay their start past the standard retirement date — which is generally 65 — your Old Age Security (OAS) entitlement increases by 7.2 % a year and your Canada Pension Plan (CPP) benefit gets bumped up by 8.4 % a year.
Think of the process of figuring out your pensions as a two - step process: First figure out what you would get if you started them at the «standard» retirement age of 65.
You may be entitled to a full or part Age pension from Centrelink so your super can be used to top up your Centrelink income and improve your standard of living.
It may make complete sense for someone with a $ 1 million portfolio and a standard government pension to spend $ 800,000 of that $ 1 million by age 80, leaving a $ 200,000 cushion for the lower cost part of their lives as most of their day - to - day living expenses will be covered by their pension.
Several studies have shown that, due to the limited benefits provided by the Canada Pension Plan (CPP) and Old Age Security (OAS), significant numbers of Ontarians will not have sufficient savings to maintain similar living standards throughout their retirement years.