Sentences with phrase «state early retirement plan»

The intent of this bill to allow retiring county employees to double dip (i.e., to get the benefits of both the county voluntary separation plan and the New York State early retirement plan).

Not exact matches

The shadow chancellor confirmed reports that the state retirement age would rise to 66 ten years earlier than planned, saving # 13 billion a year from 2016.

Under a plan announced in the spring, each agency was supposed to provide to the state Budget Division a list of titles that could be targeted for elimination if the people currently holding them took early retirement.

At a time when millions of babyboomer teachers are nearing retirement, their decisions on when to leave the classroom are guided more by the early - retirement incentives built into state pension plans than by educational considerations, according to new research by a pair of economists.

Most withdrawals made from a qualified employer - sponsored retirement plan before reaching age 59 1/2 will come with a 10 % early penalty tax on the amount being distributed along with applicable federal income and state taxes.

There is a 2.5 % state penalty on early distributions from retirement plans, annuities and IRAs.

Due to the state of the economy, many taxpayers may have taken early distributions from retirement plans last year.

Ms. Adair also has a background in the administrative support necessary for needs assessment, organizational development, and strategic planning that has extended over a 20 year profession starting with the United States Air Force and ending with an early retirement from Lockheed Martin Corporation and the Air National Guard.