Sentences with phrase «as the survivor pension»

There is a downside to high pension amounts as the survivor pension is a combined amount with a maximum value.

Not exact matches

While Old Age Security and the Guaranteed Income Supplement were designed to provide a basic minimum amount to Canadian seniors, the new Canada and Quebec Pension Plans were contributory social insurance programs established to provide basic death, survivor and disability benefits as well as retirement coverage.

He serves as a coordinator for Bet Tzedek Legal Services» Holocaust Survivors Justice Network, assisting Holocaust survivors and their widows / widowers obtain reparation pension benefits for work performed while residing in German - controlledSurvivors Justice Network, assisting Holocaust survivors and their widows / widowers obtain reparation pension benefits for work performed while residing in German - controlledsurvivors and their widows / widowers obtain reparation pension benefits for work performed while residing in German - controlled ghettos.

Established by the Illinois state legislature in 1895 as The Public School Teachers» Pension and Retirement Fund of Chicago, CTPF is the administrator of a multi-employer defined benefit public employee retirement system providing retirement, survivor, and disability benefits for certain certified teachers and employees of the Chicago Public Schools.

To continue receiving the spousal pension benefits, the survivor must notify CPP of any important changes such as address or bank account.

As this article in the Globe & Mail explains, «if both partners were getting the maximum CPP retirement pension, there will be no survivor benefits when one dies.

In an email, Service Canada said that in 2017, the maximum survivor's pension that can be received by beneficiaries over age 65 is $ 658.50 per month, although the average pension received by new beneficiaries in this age range was just $ 315.77 as of March 2017.

For most Canadians (excluding those with low incomes and those with high incomes, whose OAS benefits are clawed back), «there is no OAS survivor pension because 50 % of the couple's OAS pension is already paid to the surviving spouse and will continue for as long as he or she lives.»

As MoneySense.ca wrote some years back, pension law requires that you and your spouse be offered a joint - and - survivor pension that makes payouts until both partners die.

Subtract any income your survivors would have from other sources, such as Social Security benefits, pensions or insurance provided by your employer.

The correlating reduction in the worker's spousal or survivor benefit is known as the Government Pension Offset (GPO).

We'll look at how that translates into specific decisions to make, such as when you (and your spouse if married) take Social Security, what survivor option you choose on your pension, the benefit of using annuities, the types of accounts you fund while working, the tax impact you may incur as a single tax filer, etc..

Taxpayers 55 or older or disabled (or a surviving spouse or a survivor having an insurable interest in an individual who would have qualified for the exclusion during the year) can exclude as much as $ 6,000 if single ($ 12,000 if married) of taxable income from a pension, annuity, distributions from an IRA or self - employed retirement plan, deferred compensation or other retirement - plan benefits.

Fernandez suggests that clients choose this option unless there's a compelling reason to reduce it, such as a spouse who «has a whole bunch of money or a pension of her own and she doesn't need the survivor option, thank you very much.»

The personal representative is appointed in a probate proceeding and may recover damages including medical expenses, reasonable funeral costs, loss of benefits such as pension or health insurance, mental anguish or pain to the survivors, loss of the decedent's financial support, and loss of companionship.

Germany offers social security pensions, as well as a one - time 2000 $ «recognition» payment, for survivors who worked in Nazi ghettos.

In this case we acted for same - sex survivors who were not provided with the same benefits as opposite sex survivors under the Canada Pension Plan.

Instead of dividing the military pension with an order complying with the Qualified Domestic Relations Order provisions, the husband agreed in an atypical Property Settlement Agreement to pay to wife one - half of of his monthly military pension as spousal support or alimony, without a separate court order or any election of survivor benefits.

The administrators of the scheme denied Ms Brewster access to a survivor's pension on the basis that Mr McMullan had not completed a form nominating her as beneficiary, despite the fact that she satisfied all other conditions imposed by the regulations.

Subtract any income your survivors would have from other sources, such as Social Security benefits, pensions or insurance provided by your employer.

Know What Would Be Lost: Your planning also needs to consider what would be lost in the event of death, such as forfeited earnings, the loss of dual Social Security payments or pension benefits (if survivor benefits aren't available or weren't elected).

Where a person was in receipt of (or becomes entitled to) payment of one of the above pensions or allowances prior to the death of his or her spouse / civil partner / cohabitant the half of the means assessed as the means of the spouse / civil partner / cohabitant at that date are deducted from the total means of the survivor thereafter, if any question arises with regard to a reduced entitlement.