Sentences with phrase «benefit of pension payments»

Not exact matches

Although Sanders and his wife's joint tax return showed income of only a little more than $ 200,000 for 2014 — including his $ 174,000 salary, his mayoral pension, and their Social Security payments — the senator's expected retirement benefits make his situation much more comparable to those in the millionaire class he faults.

[10] Examples of money income — sometimes referred to as «cash income» — include: wages and salaries; income from dividends; earnings from self - employment; rental income; child support and alimony payments; Social Security, disability, and unemployment benefits; cash welfare assistance; and pensions and other retirement income.

As is noted by Dilnot, 1996, the exemption of pension contributions and investment income from taxation and the taxation of benefit payments is typical of OECD countries.

In the 23rd Actuarial Report on the Canada Pension Plan (OCA, 2007), the Office of the Chief Actuary (OCA) certified that, in spite of the substantial increase in CPP benefit payments that would result from the retirement of the baby boom generation, the current legislated contribution rate of 9.9 per cent for employers and employees combined would be more than enough to pay for benefits through 2075.

He plans to make a $ 681 million payment to the state's pension funds, which will cover the costs of benefits earned by active employees during the year.

The Committee evaluates all of the factors considered by the Chairman and CEO and reviews compensation summaries that tally the dollar value of all compensation and related programs, including salary, annual incentive, long - term compensation, deferred compensation, retention payments and pension benefits.

Direct program expenses were up $ 1.0 billion (5.5 %), primarily due to the timing of payments as well as an increase in federal government employee pension and other future benefit liabilities, reflecting the impact of lower interest rates.

Information about the post-retirement benefit available under this arrangement for Mr. Oman appears in column (h) of the Summary Compensation Table, in column (d) of the Pension Benefits table, in the narrative that follows the Pension Benefits table, and the table under «Potential Post-Employment Payments» beginning on page 87 of this proxy statement.

Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to, increased competition; the Company's ability to maintain, extend and expand its reputation and brand image; the Company's ability to differentiate its products from other brands; the consolidation of retail customers; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue growth in its key product categories, increase its market share, or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's inability to realize the anticipated benefits from the Company's cost savings initiatives; changes in relationships with significant customers and suppliers; execution of the Company's international expansion strategy; changes in laws and regulations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; failure to successfully integrate the Company; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions in the nations in which the Company operates; the volatility of capital markets; increased pension, labor and people - related expenses; volatility in the market value of all or a portion of the derivatives that the Company uses; exchange rate fluctuations; disruptions in information technology networks and systems; the Company's inability to protect intellectual property rights; impacts of natural events in the locations in which the Company or its customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's dividend payments on its Series A Preferred Stock; tax law changes or interpretations; pricing actions; and other factors.

So instead of paying a defined pension benefit as people expected, they've gone to a defined payment program (to a 401K or stock market or mutual fund).

Payments totaling an estimated $ 14.2 billion went to recipients of Social Security, supplemental security income, railroad retirement benefits, and veterans» disability compensation or pension benefits (Urban - Brookings Tax Policy Center 2009h).

Defined benefit pension plan (DB plan): A retirement plan that guarantees a specified retirement payment beginning at a certain age and after a specified period of service.

Prior to the payment of a survivor benefit, survivors of Combined Plan members must agree to transfer both the deceased member's employer contributions and individual defined contribution account to the Traditional pension Plan for payment of benefits.

Communities across Illinois are being forced to cut local services and raise taxes to afford their pension payments, putting residents who rely on local government services at risk because of the inherent failures of defined - benefit plans.

The 401 (k) plans, unlike traditional pensions, do not guarantee a specific amount of benefit payments.

Our county police officers each cost us close to $ 200,000 a year in salary, benefits and pension payments because of mandatory arbitration.

However, it doesn't take much thought to realise that with so many people now on either a benefit or a pension, the marginal cost of introducing a weekly payment as of right is much less than the overall figure of the benefit itself.

:: Urgently pay Edo State pensioners over 42 months outstanding pension benefits and entitlements from the over N29bn Paris Club refunds received by your government and meant for the payment of pension arrears and gratuities;:: Adopt a human rights policy of guaranteeing regular payment of pension benefits and entitlements so that pensioners and their families can live decently;:: Recognize the human rights of Edo State pensioners and ensure their full and effective enjoyment of those rights, as well as provide them with information to enable them to claim their rights;:: Treat all pensioners in Edo State as individuals with humanity and dignity and respect and promote their higher standard of living and improve economic and social conditions for all pensioners;:: Provide Edo State pensioners with proper support and assistance to alleviate their plight, including by ensuring informal, community - based and recreation - oriented programs for pensioners to help develop their sense of self - reliance and independence;:: Reduce opportunities for corruption in the spending of the Paris Club refunds

The Work and Pensions Secretary will make the concession this week, as part of moves to head off possible protests about the clampdown, which will see housing benefit payments capped at # 400 a week.

The mayor unveiled a $ 47 million proposed bill that would call for Albany to increase disability benefits of «uniformed» public employees hired after 2009 by changing the payment formula, boosting cost - of - living adjustments and ending the policy of subtracting the workers» Social Security earnings from their pension checks.

For six of these employees, the additional payments inflated future projected pension benefits by $ 5.5 million.

Mark Harper, the minister for disabled people, will appear in front of the work and pensions select committee on Wednesday today to defend the government's troubled record on implementation of the new disability benefit, the personal independence payment (PIP).

Assembly Speaker Sheldon Silver has said he's supportive of some pension reforms, including cutting down on abuse of overtime that leads to inflated pension payments, but has not yet publicly said yes to a new benefit tier.

(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 disPension 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 dispension 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 disPension Commission (PENCOM) for onward payment to the retirees, Minister of Finance, Mrs. Kemi Adeosun has disclosed.

The ability to avoid too much unpalatable cutting was the consequence of finding # 7bn extra cuts / effective tax rises from the Welfare budget and from Child Benefit, along with rises in public sector employee pension contributions, though it was disappointing (but not surprising) that misdirected programmes such as winter fuel payments survive intact.

Iain Duncan Smith, the Work and Pensions Secretary, has faced criticism after scaling back a pilot scheme for his flagship universal credit - which will merge dozens of different out - of - work benefits into a single payment with the aim of ensuring an individual is always better off in work than on benefit.

In his first foray into the election campaign, Mr Brown said Labour wanted the Scottish Parliament to be able to make top - up payments to all benefit claimants if it wins the general election, raising the possibility of a higher state pension and more generous dole payments north of the border.

Nationally, 9 out of 10 teachers participate in a «defined benefit» pension plan, which guarantees a set monthly payment as long as a retiree lives.

Tier 2 offers worse benefits for new teachers: it has a higher minimum service requirement (up from five to 10 years, making it more difficult for new teachers to qualify for a minimum benefit), a higher normal retirement age (meaning teachers have fewer years to collect pension payments over a lifetime), a less generous pension formula (calculating the final average salary from the last eight years of service instead of just four), and a lower COLA.

The primary drivers of pension wealth accrual are changes in the annual annuity payment (determined by the benefit formula) and the number of years the teacher can expect to collect.

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.

This large jump (44 percent) in the value of her pension benefit occurs because she would collect 25 years worth of pension payments, up from 18.

A pension system's «normal payment» refers to the amount of money that has to be paid into a fully funded system each year to fund the present value of additional pension benefits earned by active employees in that year.

The Employee Benefit Research Institute reported only 27.9 percent of women and 42.6 percent of men age 65 in 2007 received pension or annuity payments.

A self - managed super fund (SMSF) can pay benefits in the form of a lump sum, an income stream (pension) or a combination of both, provided the payment is allowed under super law and the fund's trust deed.

If you're under 55 when you leave your company, you'll be offered the option of taking your pension benefit as a lump - sum payment.

If you have questions about whether your pension benefit — be it annuity payments, a lump sum or both — has been calculated correctly, the American Academy of Actuaries» Pension Assistance List may be able to provide apension benefit — be it annuity payments, a lump sum or both — has been calculated correctly, the American Academy of Actuaries» Pension Assistance List may be able to provide aPension Assistance List may be able to provide answers.

Michigan law now requires the administrators of pension and retirement benefits to withhold income tax on payments that will be subject to tax for all Michigan residents.

When states created pension plans, there was a path of expected benefit payments associated with them.

Today, Marina is entitled to a survivor benefit of $ 32,875 per year (which includes both Roderick's CPP and employer pension), but is unsure whether she should take it all at once or stick with one of several monthly payment choices.

In 2014, 82 % of all benefit payments were in the form of a pension, an increase from 68 % in 2010.

The notice does not mean that your pension plan is ending or that PBGC is taking over payment of your benefit.

In a retirement - planning context, you would want to save enough so that drawing on 4 % of your retirement portfolio each year would supplement your other retirement income, like Social Security benefits or annuity or pension payments, to cover your projected retirement budget.

Assuming that Phil and Celeste dispose of the rental unit as suggested, their income would be Phil's OAS benefit of $ 325, his CPP payment of $ 126, investment income of $ 845 per month, $ 275 from a work pension from prior employment and Celeste's disability payments of $ 4,878 per month for a total of $ 6,449 before tax.

If a member has only restricted non-preserved benefits or preserved benefits as part of their TRIS, exceeding the maximum annual pension payment limit will be a breach of the super laws as the fund has not adhered to the cashing restrictions that apply to a TRIS.

This means until the member has satisfied a condition of release with a «nil» cashing restriction, any unrestricted non-preserved benefits of theirs allocated to the TRIS (which would otherwise be fully accessible as a lump sum super benefit) are diminished by the annual pension payments from the TRIS.

«So should I stick with a 65 % fixed income, 35 % equity allocation until age 60, and then when the defined benefit pension plan payments of $ 17,000 annually kick in, should I switch to a riskier portfolio with more equity?

That allowed the PBGC, together with the Departments of Treasury and Labor, to negotiate benefit cuts to the pension plans in order to avoid the plans going insolvent — at which point, all pensioners would be limited to the PBGC limits for their payments.

With defined - benefit pensions, your employer promises you a specified benefit, usually in the form of monthly payments during retirement, and sets aside enough money to deliver on that promise.