Sentences with phrase «collecting pension payments»

NYC Schools Chancellor Carmen Fariña is one of 32 Big Apple educators who collected pension payments worth more than $ 200,000 in 2015, new data show.

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.

That is, she will now collect pension payments for 24 years instead of for 25 years.

Not exact matches

According to the report, despite the convictions, Percoco is eligible to collect $ 36,000 a year in pension money, despite a new law that was passed in the fall that would authorize a judge to cut or reduce pension payments for public officials found guilty of a felony crime, but since Percoco's crimes were committed before Jan. 1, he will not be stripped of his payments.

A West Seneca woman has admitted to illegally collecting monthly pension payments for more than 30 years after the death of her mother.

One of the main reasons is that teachers who teach into their 50s can start collecting a pension immediately, while teachers who leave earlier often must defer their pension until age 60 or later, so they collect fewer payments over their retirement.

At that point, she is eligible to begin collecting her pension; each year she stays in the classroom, she forgoes a year of pension payment.

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.

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.

In effect, CPS was allowed to collect $ 2.0 billion in levied tax revenue over 10 years while making no payments to the pension fund.

Despite her upper class upbringing and wealth, she insists on working in the pension office to help wounded soldiers collect their much - needed payments.

My fiance will be at his job for over 30 years and should be collecting a good lump sum or monthly pension payments.

So filing bankruptcy (depending on the debts owed) may not prevent certain actions by the IRS, lawsuits to collect support payments, certain types of criminal restitution actions, and loans from a pension account such as an IRA.

What the Windfall Elimination Provision does is make sure that people do not collect the subsidized low - income payments while also collecting a full pension.

If you're collecting Social Security or pension payments, you'll need to provide documented proof of that income.

If the spouse outlives the pension earner, they will continue to collect payments from the pension until they pass away.

Amid ongoing warnings about underfunded public employee pension funds, more than a dozen California state lawmakers are augmenting their $ 107,242 salaries by collecting retirement payments from...