However, her 25th year of teaching (at age 50) allows her to begin
collecting pension checks five years earlier, producing a sharp spike in wealth accrual.
No public official who so abuses his authority as to be convicted of a felony should expect to
collect pension checks for the rest of his life — behind bars or otherwise — compliments of the taxpayers.
The Mayor says legislators taking advantage of a loophole that lets
them collect pension checks while still in office are pulling the «ultimate scam.»
Not exact matches
At age 79 and with more than two decades of service, Molinaro was entitled under the city's
pension rules to
collect two government
checks at the same time.
In August, Newsday reported that at least 13 former state elected officials who were convicted of corruption and other charges are eligible to
collect state
pension checks totaling more than $ 604,000 a year.
At any given age,
pension wealth is therefore lower for the mobile teacher — who has left one system early and entered another system late — simply because she can expect to
collect fewer
pension checks.
Even though staying beyond the set retirement year oftentimes means a bigger retirement
check, because
pensions are guaranteed over a lifetime, working when you could be retired means less
checks to
collect over a lifetime.
But, sadly, over a million low income pensioners are failing to
collect their
pension credit - it's always worth
checking what you're entitled to.
Collect a list of all your assets, including home, vehicles, personal property, savings and
checking accounts, brokerage accounts,
pensions, health benefits, annuities, life insurance, social security and any other financial asset you have.
Once your accompanying parent had finally threatened to ground you until you were
collecting pension income if you didn't pack it in immediately, you'd get back to your home and
check out your booty.