Sentences with phrase «under income benefit»

6) Income benefit: Birla Sun Life Cancer Shield Plan (under Income Benefit option) and HDFC Life Cancer Care (under Platinum option) offer monthly income equivalent to 1 % of sum insured, payable for the next 5 policy years in the event of diagnosis of major stage of cancer.

So under income benefit, a guaranteed monthly income will be paid which will be equal to 1 / 12th of 10 % of the sum assured amount.

Under the Income Benefit option, 1 % of the SA is paid every month form the month following the death of the policyholder for a total of 130 months.

Under Income benefit option a monthly income equivalent to 1 % of applicable Sum Insured would be paid out to you on diagnosis of the listed major cancers for a fixed period of next 5 policy years.

All future premiums are waived off and paid for by the company under the Additional Savings Benefit, an amount equal to an annual premium is paid every year till the end of the term under the Income Benefit and on Maturity, total Fund Value including the top - up Fund Value which was automatically allocated to the Secure Fund on death is paid

Not exact matches

Possible reforms could include raising the full retirement age for Social Security to 70 for workers who are currently under age 40; cutting benefits; increasing payroll taxes on workers; increasing Medicare premiums; and making Social Security benefits more progressive — meaning cutting benefits for high - income workers, while preserving payouts for low - income earners.

And while the bill's supporters argue that the legislation is a sensible fix that gives states much - needed flexibility on health care programs, the AMA, AAMC, and AARP say it would benefit the young, the healthy, and the rich at the expense of the old, the sick, and the poor by taking hacksaw to the Medicaid program that covers low - income Americans and allowing states to opt out of benefits requirements and other regulations under Obamacare, formally known as the Affordable Care Act.

On April 8, 2016, the Department of Labor (Department) published a final regulation (Fiduciary Rule or Rule) defining who is a «fiduciary» of an employee benefit plan under section 3 (21)(A)(ii) of the Employee Retirement Income Security Act of 1974 (ERISA or the Act) as a result of giving investment advice to a plan or its participants or beneficiaries.

Mike Moffatt said: «According to the Department of Finance, the benefits from a cut in corporate income taxes may be under stated as their analysis does not capture the effects of multinational firms rearranging their tax reporting so that more profits would be «booked» in Canada.

According to the Department of Finance, the benefits from a cut in corporate income taxes may be under stated as their analysis does not capture the effects of multinational firms rearranging their tax reporting so that more profits would be «booked» in Canada.

Under its provisions, income outside Old Age Security benefits was measured and the maximum supplement payable was reduced 50 cents per dollar.

Posted by Nick Falvo under aboriginal peoples, Alberta, child benefits, Child Care, corporate income tax, debt, early learning, fiscal federalism, fiscal policy, homeless, housing, income distribution, income support, income tax, Indigenous people, inequality, minimum wage, NDP, poverty, social policy, taxation, women, working time.

Posted by Jim Stanford under child benefits, fiscal federalism, income distribution, income tax, inequality, liberals, taxation.

(a) Schedule 2.7 (a) of the Disclosure Schedule contains a list setting forth each employee benefit plan, program, policy or arrangement (including any «employee benefit plan» as defined in Section 3 (3) of the Employee Retirement Income Security Act of 1974, as amended («ERISA»)(«ERISA Plan»)-RRB-, including, without limitation, employee pension benefit plans, as defined in Section 3 (2) of ERISA, multi-employer plans, as defined in Section 3 (37) of ERISA, employee welfare benefit plans, as defined in Section 3 (1) of ERISA, deferred compensation plans, stock option plans, bonus plans, stock purchase plans, fringe benefit plans, life, hospitalization, disability and other insurance plans, severance or termination pay plans and policies, sick pay plans and vacation plans or arrangements, whether or not an ERISA Plan (including any funding mechanism therefore now in effect or required in the future as a result of the transactions contemplated by this Agreement or otherwise), whether formal or informal, oral or written, under which (i) any current or former employee, director or individual consultant of the Company (collectively, the «Company Employees») has any present or future right to benefits and which are contributed to, sponsored by or maintained by the Company or (ii) the Company or any ERISA Affiliate (as hereinafter defined) has had, has or may have any actual or contingent present or future liability or obligation.

The Cash Balance Plan is a defined benefit plan and the 401 (k) Plan is a defined contribution plan, both intended to qualify under the IRC and comply with the Employee Retirement Income Security Act of 1974, as amended (ERISA).

Federal loans lose any benefits under an income - driven repayment (IDR) plan when they are refinanced with private lenders.

Posted by Nick Falvo under Alberta, BC, budgets, Canada, child benefits, Child Care, Conservative government, demographics, education, election 2015, employment, Harper, housing, income, income distribution, income support, income tax, inequality, PEF, population aging, post-secondary education, poverty, privatization, progressive economic strategies, public services, Role of government, Saskatchewan, seniors, social policy, taxation, unemployment, user fees, workplace benefits.

Posted by Nick Falvo under Alberta, child benefits, Child Care, deficits, Dutch disease, education, employment, environment, fiscal policy, health care, homeless, housing, income support, income tax, industrial policy, macroeconomics, oil and gas, poverty, progressive economic strategies, public infrastructure, public services, regulation, resources, social policy, taxation, unemployment, unions.

Posted by Nick Falvo under aboriginal peoples, Balanced budgets, child benefits, Child Care, corporate income tax, CPP, debt, deficits, early learning, economic thought, federal budget, fiscal federalism, fiscal policy, homeless, housing, income distribution, income support, income tax, Indigenous people, inequality, labour market, macroeconomics, OECD, Old Age Security, poverty, privatization, public infrastructure, public services, Role of government, social policy, taxation, women.

Posted by Nick Falvo under Alberta, budgets, carbon pricing, child benefits, climate change, corporate income tax, debt, demographics, energy, environment, federal budget, health care, homeless, housing, HST, income support, income tax, inflation, population aging, poverty, public services, seniors, social policy, taxation.

It is well known that the Conservative government is also committed to introducing income splitting for families with children under the age of eighteen, despite the overwhelming evidence that this change would benefit only a small number of high - income families.

Posted by Nick Falvo under child benefits, Conservative government, corporate income tax, early learning, economic crisis, education, fiscal federalism, fiscal policy, housing, income support, income tax, Indigenous people, inequality, minimum wage, Ontario, poverty, progressive economic strategies, recession, social indicators, social policy, taxation, unemployment.

The payments and benefits provided under his executive agreement in connection with a change in control may not be eligible for a federal income tax deduction for the company pursuant to Section 280G of the Internal Revenue Code.

Raising the retirement age would fall under the category of benefit cuts, but it seems rather unlikely to happen, even with the incoming Republican government.

A study commissioned by the Broadbent Institute finds that the majority of Canadian families with children under 18 would get no benefit at all from the Conservatives» income splitting scheme — despite being the express target of the policy.

The Liberals, under Leader Justin Trudeau, have said they would fold the child - care benefit into a more targeted Canada child benefit — an income - based program for people with kids.

Posted by Nick Falvo under BC, Conservative government, employment, immigration, income, income support, Indigenous people, Job vacanices, labour market, migrant workers, poverty, skill shortages, social policy, temporary workers, unemployment, wages, workplace benefits.

He announced income splitting for families with children under the age of 18; enhancements to the Universal Child Care Benefit and to the Child Care Expense Deduction; and, he announced a doubling the fitness tax credit for children and made it tax deductible.

Most recently, it includes the «family tax cut», better known as income splitting for families with children under the age of eighteen, along with enrichments to the Universal Child Care Benefit (offset by the elimination of the Child Tax Credit) and to the youth fitness tax credit.

In general, deferred tax assets represent future tax benefits to be received when certain expenses previously recognized in our consolidated statements of operations become deductible expenses under applicable income tax laws, or loss or credit carryforwards are utilized.

DOL is proposing to update the Employee Retirement Income Security Act by instituting a safe harbor describing circumstances in which a payroll deduction savings program, including one with automatic enrollment, would not be considered an employee pension benefit plan under ERISA.

Another benefit under the PAYE repayment plan is that any remaining student debt after 20 years can be forgiven (keep in mind, forgiven debt will be treated by the IRS as taxable income).

So far the Conservatives have promised to allow income splitting for well - off families with children under 18; they have promised to double the contribution to tax - free savings to $ 10,000, another benefit for well - off Canadians; and, they have promised to double the fitness credit and to extend it to adults.

According to a 2011 Pew Research Center poll, more than 40 percent of people aged 18 to 30 believe they will receive no retirement income from Social Security, even though Social Security receipts are estimated to equal about 75 percent of benefits on a sustainable basis under the current regime.5

Under the first of those agreements, we generally will be required to pay to the Continuing LLC Owners approximately 85 % of the applicable savings, if any, in income tax that we are deemed to realize (using the actual applicable U.S. federal income tax rate and an assumed combined state and local income tax rate) as a result of (1) certain tax attributes that are created as a result of the exchanges of their LLC Units for shares of our Class A common stock, (2) any existing tax attributes associated with their LLC Units the benefit of which is allocable to us as a result of the exchanges of their LLC Units for shares of our Class A common stock (including the portion of Desert Newco's existing tax basis in its assets that is allocable to the LLC Units that are exchanged), (3) tax benefits related to imputed interest and (4) payments under suchUnder the first of those agreements, we generally will be required to pay to the Continuing LLC Owners approximately 85 % of the applicable savings, if any, in income tax that we are deemed to realize (using the actual applicable U.S. federal income tax rate and an assumed combined state and local income tax rate) as a result of (1) certain tax attributes that are created as a result of the exchanges of their LLC Units for shares of our Class A common stock, (2) any existing tax attributes associated with their LLC Units the benefit of which is allocable to us as a result of the exchanges of their LLC Units for shares of our Class A common stock (including the portion of Desert Newco's existing tax basis in its assets that is allocable to the LLC Units that are exchanged), (3) tax benefits related to imputed interest and (4) payments under suchunder such TRA.

For purposes of calculating the income tax savings we are deemed to realize under the TRAs, we will calculate the U.S. federal income tax savings using the actual applicable U.S. federal income tax rate and will calculate the state and local income tax savings using 5 % for the assumed combined state and local rate, which represents an approximation of our combined state and local income tax rate, net of federal income tax benefit.

These states would need to think hard about how to implement the change in a way that ensures those families still get the benefits they receive under the current income tax regime.

On the one hand, Minsky said, this could benefit undergraduate students whose debt would be paid off after 15 years on an income - driven repayment plan, rather than having to wait 20 or 25 years under the current system.

There is no benefit at all from income splitting for single parents, or for two parent families in which both earners are in the same tax bracket, including the middle and bottom income tax brackets; these families with children under 18 represent over half of all families that are the apparent target of the scheme, according to the Broadbent Institute study, The Big Split.

Under the proposal, US export income would be tax free, which could benefit some energy companies, such as crude oil exporters.

Even so, there is an inconsistency in the Estimates since benefits under the Guaranteed Income Supplement are classified as spending even though the eligibility and amount of the benefit are determined through the Income Tax system.

Under generally - accepted accounting principles, the WITB should be included as part of program expenses (like the Canada Child Tax Benefit) rather than being netted against personal income tax revenues.

Under these circumstances, you should only consider buying a variable annuity because of its other features, such as lifetime income payments and death benefit protection.

In addition, benefits under the Guaranteed Income Supplement were up strongly, reflecting the 10 % increase in average benefits as proposed in the March 2016 Budget.

A hybrid dividend is an amount received from a CFC for which a deduction would be allowed under this provision and for which the specified 10 % - owned foreign corporation received a deduction (or other tax benefit) from any income, war profits, and excess profits taxes imposed by a foreign country.

But under the Employee Retirement Income Security Act, which sets minimum standards for defined benefit and defined contribution retirement plans, and the IRS code, which oversees IRAs, a fiduciary advisor would be prohibited from earning commissions on investments for those accounts because that would not be considered to be acting in the best interest of the client.

(B) his waiver of all benefits and other payments under titles II and XVIII of the Social Security Act on the basis of his wages and self - employment income as well as all such benefits and other payments to him on the basis of the wages and self - employment income of any other person, and only if the Commissioner of Social Security finds that --

Under his proposal, those at the bottom of the economic ladder who qualify for the Earned Income Tax Credit would see their annual benefits boosted from an average of $ 641 to $ 750 over a two - year span.

Regular HEAP eligibility and benefits are based on income, household size, the primary heating source and the presence of a vulnerable household member who is under age 6, is age 60 or older, or is permanently disabled.

In the 1998 reshuffle Angela was moved to the Department of Social Security, again as a Parliamentary Under - Secretary of State, where she had a number of responsibilities including Income Support, Jobseekers Allowance, Family Tax Credits and the Benefits Agency.