Sentences with phrase «benefiting early retirees»

ERRP proved to be a critical source of support by benefiting early retirees, their family members, other plan participants, and the health plan sponsors that provided vital access to health coverage.

Summary ERRP proved to be a valuable source of support, benefiting early retirees, their spouses, surviving spouses, and dependents, and the health plan sponsors that provided vital access to health coverage.

Not exact matches

A nine - year bull market has inspired some retirees to take Social Security benefits early in order to invest that money in the market.

Claiming Social Security retirement benefits at the earliest age — 62 — is a big temptation for many aspiring retirees.

Current retirees can collect as early as age 62, but their benefit will be permanently reduced by a percentage based on the number of months before they reach full retirement age, which ranges from age 65 to 67, depending upon birth year.

Despite the permanent reduction, however, many retirees start benefits at the earliest opportunity, either because they don't understand their options or to make ends meet.

Nearly half of retirees report leaving the workforce earlier than planned, according to the 2017 Retirement Confidence Survey from the Employee Benefit Research Institute.

(Nearly half of retirees leave the workforce earlier than planned, for reasons including work layoffs, health problems and caregiving for a family member, according to the 2017 Retirement Confidence Survey from the Employee Benefit Research Institute.)

The Employee Benefit Research Institute (EBRI) undertook a study examining the extent to which the non-housing assets of certain retirees changed during their first 20 years of retirement (or until death, if earlier).

In exchange for the ability to fund these early - retirement adventures, many retirees are willing to accept a potentially smaller lifetime benefit, even if it also means accepting a declining standard of living in their later years.

The Employee Benefit Research Institute found that nearly half (47 %) of current retirees were forced into early retirement.

We already got a preview to the court's view on benefits in an earlier case, Kanerva v. Weems, where the court ruled that retiree health care benefits are constitutionally protected.

The median ERI retiree received $ 115,677 of increased benefits from retiring five years earlier.

In the early 1980s, only 43 percent of new retirees had any retirement benefits other than Social Security.

Second, retirees claim Social Security early because they believe they can earn a higher return by taking benefits early and investing the money.

Some proposals to change the Social Security program to ensure long - run solvency would reduce or eliminate benefits to some early retirees.

Another huge benefit of a PenFed CD for retirees is that PenFed does not charge an early withdrawal penalty for early withdrawals from the CD if you're 59 1/2 or older; you just need to leave at least $ 1,000 in the CD to keep it open.

This paper finds substantial heterogeneity among early retirees in health and mortality risk related to the age at which they are entitled to Social Security benefits.

The idea of the bridge benefit is to pay early retirees the equivalent of a typical CPP pension prior to age 65 so you'll get a smooth amount of income before and after you start collecting the government benefit.

That's because early retirees, though their monthly benefits are less, are receiving those reduced benefits over a longer period.

The added financial burden may lead some retirees to start collecting their Social Security benefits earlier than they would have otherwise.

As a matter of fact, the KFF study reported that of those large companies who offer retiree health benefits, only 66 % offer it to early retirees (roughly 16 % of all large firms — 66 % of the 23 % that offer coverage).

Another reason retirees claim their benefits early?

«Research has consistently shown that strategic uses of reverse mortgages can be used to improve a retiree's financial situation, and that reverse mortgages generally provide more strategic benefits when used early in retirement as opposed to being used as a last resort.»

A few months ago, the press reported economists recommending increasing the CPP age to 67 and cutting benefits for early retirees.

For example, the monthly benefit for today's new retirees is reduced 25 percent if claimed at the early eligibility age of 62.

Today, about 58 percent of retirees take benefits at the earliest possible age of 62.

The government was concerned that the earlier workers retire, the more likely it was that over time it would have to supplement a retiree's benefit with the MPG.

Early retirees get even more benefit from a tax - deferred account than others.

In early August, a group of about 3,200 non-union retirees reached a settlement with General Motors Canada Ltd. after the company cut their benefits as part of restructuring during 2008.