Sentences with phrase «accrued pension benefits»

In particular, the Advocate General agrees that (except in cases of abuse) EU law entitles every employee of an insolvent employer to receive at least half of the total value of their accrued pension benefits, including any indexation benefits.

(a) Whether the Ford Motor Company Limited («Ford») made statements during the period January 2000 to 1 April 2001 in connection with the transfer of the Claimants» employment (or of the employment of the former employee of Ford to whom the Claimant's claim relates) from the Defendant to Visteon UK Limited («Visteon UK»), to the effect that the Claimants» accrued pension benefits would be as secure in the Visteon UK Pension Plan as they would have been if they remained in the Ford Hourly Paid Contributory Pension Scheme and the Ford Salaried Contributory Pension Scheme;

Under the rules of Swansea University's Pension Scheme, he was allowed to take his accrued pension benefits immediately, and without any actuarial reduction for early receipt, rather than having to wait until his normal pension date nearly twenty - nine years later.

Moving new workers to 401 (k) s will slow down and eventually stop Illinois» accrued pension benefits from growing.

(Press Release) Concerned about the plight of pensioners who retired under the Contributory Pension Scheme without being paid, the Federal Government has cleared the inherited arrears of accrued pension benefit for the year 2014, 2015 and 2016 by releasing N41.5 billion to the National Pension Commission (PENCOM) for onward payment to the retirees, Minister of Finance, Mrs. Kemi Adeosun has disclosed.

Not exact matches

Torstar is investigating a merger of its pension plan assets with a multi-employer plan called CAAT, which would take over the obligation for paying past accrued benefits and future pension benefits of Torstar employees.

Among those aged 55 to 64 with no accrued employer pension benefits, roughly half have savings that represent less than one year's worth of the resources they need to supplement OAS / GIS and CPP / QPP.

And the overall median value of retirement assets of those aged 55 to 64 with no accrued employer pension benefits (representing 47 % of this age cohort), is just over $ 3,000.

Defined benefit pensions stipulate that the pension holder accrues an entitlement to income through contributions to the pension scheme.

A competing Senate bill sponsored by Long Island Republican Sen. Carl Marcellino would apply only to elected officials and only to pension credits they amassed while in they office they disgraced, not any benefit accrued before then.

In the Fall 2013 issue of Education Next, Koedel, Ni, and Podgursky took a deep dive into the design of public school system pension systems, showing that school administrators can accrue considerable pension wealth in a defined - benefit (DB) pension plan.

We suggest several steps that states can take to immediately improve their pension systems, such as allowing teachers to become vested more quickly and accrue benefits more gradually.

This means that contributions include both the «normal cost» of pension liabilities accruing to current employees and the legacy costs of amortizing unfunded liabilities accrued previously (due to a variety of reasons, including the original pay - as - you go nature of most plans, as well as unfunded benefit enhancements over the years).

If states extended those final salary calculations from 3 or 5 years to 10 or 20 or 30 years, pension benefits would accrue more steadily rather than spiking at the very end of a teacher's career.

Defenders of the defined - benefit structure also argue that it can encourage teachers to enter and remain in the profession over the long term, because to maximize their future pension wealth, they must accrue the maximum years of service and reach the top of their district's pay scale.

As in other states, benefits accrue very slowly for many years, and it isn't until teachers near the state's 35 - year mark that the pension value really starts to climb.

The adjusted data reflect the value of actual pension benefits accrued each year by teachers, not merely what the governments happen to contribute to their pension funds each year.

Teachers qualify for very little in the way of retirement benefits during the first half of their career because pension benefits don't accrue evenly.

My simulation calculates the retirement benefits that would accrue to teachers in the Ohio pension plan whose patterns of employment in the Ohio public schools match those of the NLSY respondents.

Under DB plans, individual benefits are not tied to contributions, so the pension fund as a whole is supposed to accumulate enough money to pay for the accrued liabilities.

All of the pension systems considered here allow retired teachers who are receiving pension payments to continue to work in covered employment on a part - time basis (without accruing additional benefits).

In other words, the year of pension payments she foregoes is greater than the additional pension benefit she accrues from working an extra year.

Rhee's heavy - handedness in dealing with the Washington Teacher's Union conveyed her attitude that a non-unionized teacher force would better serve justice for children, as if children would benefit from their teachers lacking the few remaining benefits accrued by collective bargaining, such as nominal job security and shrinking pensions.

Teacher pensions fit this precisely: their unions have significant influence on state politics, and a promise for pension benefits accrues to members slowly over time.

A Chicago Public Schools teacher who teaches for 15 years accrues negative net benefits because the value of her contributions exceed the pension benefits she will receive in return at retirement.

Hawaii's pension system is based on a benefit formula that is not neutral, meaning that each year of work does not accrue pension wealth in a uniform way until teachers reach conventional retirement age, such as that associated with Social Security.

Recent reforms have further whittled away at pensions by cutting benefits and imposing greater restrictions for new hires in an attempt to pay down liabilities accrued over years of inadequate funding and poor returns in the stock market.

As for pension benefits, they are relatively well funded, with 85 % of the accrued benefits funded.

Qualifying employees can draw up to 60 % of the benefits accrued while working part time and earn pension benefits based on current employment.

While the amount we're able to accumulate for retirement on tax - free basis in an RRSP is supposed to be equivalent to the amount of pension benefits that can be accrued under a defined benefit pension plan, the reality is that the «majority of Canadians who save for retirement in (RRSPs are) at a major disadvantage,» says a new report out this week from the C.D. Howe Institute.

On the flip side, good returns enjoyed by the pension fund do not accrue to you — if the stock market does very well, you do not reap the benefits, and your pension remains the same.

As Bob Baldwin, a member of the C.D. Howe Institute's Pension Policy Council succinctly explains in the association's December 19 report, «A regime in which accrued benefits can not be reduced places all financial risk on young and future plan members.

The PA reduces the RRSP deduction and represents the amount contributed by an employee and / or employer to an employee account in a defined contribution pension plan or deferred profit sharing plan, or the value of pension benefits accrued during the year in a defined benefit pension plan.

The reliefs available under this paragraph shall not exceed the reliefs that would be allowed by the other State to residents of that State for contributions to, or benefits accrued under, a pension scheme established in that State.

The PA represents the value of any pension benefits accruing from participation in a registered pension plan or deferred profit sharing plan.

Accrued - At - Normal Limit (for Single - Employer Plans only)- A limit on PBGC's guarantee that applies to temporary or supplemental early retirement pension benefits.

As a pensions lawyer, it's vital to have experience in assisting clients in securing their pension scheme's accrued benefits with insurance companies by buy - in and buy - out contracts.

On the defendant's advice, Shore suffered loss by transferring his accrued benefits from an occupational scheme into a personal pension in 1997.

Generally «vested» benefits like accrued vacation time or pension balances are treated like the property of the employee: They can not be unilaterally reduced by the employer.

The # 15bn British Steel Pension Scheme (BSPS) has been at the centre of an intense debate over the past year around giving struggling sponsors the ability to restructure accrued benefits.

Such a ruling would potentially benefit thousands of PPF members, including those who may have initially received a high percentage of their original pension but who have lost any accrued rights to index - linked or guaranteed annual increases.

The judge held, that members of the scheme who had the right to retire at age 60 in respect of any part of their service and who were aged between 60 and 64 at the date that the scheme commenced winding up fell within the Pensions Act 1995 (PA 1995), s 73 (3)(b) even in respect of pension or other benefits accrued by service to which an NRD of 65 applied.

Members of a wound - up company's occupational pension scheme who have the right to retire at age 60 in respect of any part of their service and who were aged between 60 and 64 at the date that the scheme commenced winding up, fall within s 73 (3)(b) of the Pensions Act 1995 (PA 1995) but not in respect of pension or other benefits accrued by service to which a normal retiring age of 65 applies.

On completion of the term of this Kotak Life pension plan, the vesting benefit is payable which is the Sum Assured plus the accrued reversionary bonuses and accrued guaranteed additions subject to a minimum of 105 % of the sum of premiums paid

Income tax benefits accrue on the premiums paid (Section 80CCC), on the death benefit (Section 10 (10D)-RRB- and also on the commuted pension (Section 10 (10A)-RRB-

PENSION VALUATION - the determination of a pension value by either the accrued method or the projected benefit PENSION VALUATION - the determination of a pension value by either the accrued method or the projected benefit pension value by either the accrued method or the projected benefit method.

Couples are often confused about such matters as pensions, disability pay, Social Security benefits, and other forms of income which may have accrued during the marriage but will continue to be paid after the divorce is final.

Employee Benefits, including stock, stock options, pension and profit sharing, retirement, ESOP, stock purchase, accrued sick and vacation pay, paid time off, «comp time.»