Sentences with phrase «after normal retirement»

Individuals that have worked in the UK and have paid certain levels of national insurance deductions can expect an income from the state pension scheme after their normal retirement.

Benefits can be higher than the PIA if one retires after the normal retirement age.

Delaying benefits until after normal retirement age increases this amount by about 8 % per year, up to age 70.

Not exact matches

«I will be leaving my post as district attorney at the earliest opportunity after the resolution of normal administrative matters relating to my retirement,» Spota said in a statement released by his office.

Under the first bill, uniformed court officers hired since April 1, 2012 will have their «normal» retirement age lowered to 62 from 63, and will be able to retire at age 55 after 30 years of service.

«I will be leaving my post as district attorney at the earliest opportunity after the resolution of normal administrative matters relating to my retirement,» Mr. Spota said in a statement.

That is sooner than U.S. averages for all workers: the U.S. Social Security normal retirement age for anyone born after 1960 is 67, and the Boston College Center for Retirement Research estimates the national average retirement age at 62 for women and 64 for men.

It's not until they get closer to their plan's normal retirement age — usually after 30 years or more for a 25 - year - old teacher — that teachers begin to rapidly accrue benefits.

Benefit payments may not be made until the member has been terminated for 3 calendar months, except the college may authorize a distribution of up to 10 percent of the member's account after the member is terminated from employment with all Florida Retirement System participating employers for 1 calendar month if the member has reached the normal retirement date as defined in s. 121.021.

After reaching normal retirement age, earnings no longer reduce the monthly benefit.

You can also boost your monthly payment above the normal amount by delaying your start date even after you reach full retirement age.

They typically start after short - term disability payments end, and can last for as long as you are disabled up to your normal retirement age.

However, if you have a low interest rate mortgage, say 3 %, and are earning 6 % after tax on your investments, Rob believes it's prudent to pay your mortgage off in the normal course, and devote all extra money to your retirement savings.

Retirement before «Normal Retirement Age» (NRA) reduces benefits, and retirement after NRA increases benefits.

People born after 1937 have a normal retirement age of more than 65 years (see the table on this page).

It aims to replace part or all of your previous after - tax income, and will normally pay out monthly payments up to your normal retirement age.

The longest benefit period you can get is to age 67 (or age 70 with certain carriers), the normal retirement age for persons born after 1955.