That is
the biggest pension payout there is, but this is becoming less and less common these days.
Not exact matches
Those rising
payouts and declines in the stock market - which hurt the
pension funds» value - have led to a
bigger drain on the state's already shaky budget.
And if we had a different
pension system — one that allowed teachers to build
pension wealth throughout their careers and take it with them whenever they left — then they wouldn't be worried about losing their
big payout by getting fired a few years before retirement.
The longer you work, the more your savings, the more the opportunity to eliminate debt, the
bigger the
payouts from
pension plans (including CPP and OAS), and the more time your money has to grow.