Sentences with phrase «contribution component»

It gave teachers a choice between a traditional defined benefit plan and a hybrid plan that combined a less - generous defined benefit with a defined contribution component.

Profit sharing and matching contribution components are also available.

The investment options for the defined contribution component are organized into three pathways to make it easier for you to implement your investment decisions according to your knowledge of investments and investment style.

Even Democrat - controlled Rhode Island, with the nation's second - worst funded pension system, moved to a new pension system that is based around a defined contribution component in 2011.

On the Tier VI pension proposal as being championed by Gov. Andrew Cuomo, Skelos defended the idea, noting that the defined benefit contribution component is optional.

The state's new retirement plan consists of a less - generous defined - benefit component than the one found in the old pension system, as well as a defined - contribution component similar to the 401 (k) plans found in the private sector.

Analyzing a reform that includes a defined contribution component (where benefits depend on market returns) involves an added complication in that it shifts risk from the government to the employee.

Cuomo said he was joking the other day when he said he was like Gumby when it came to his flexibility (color us shocked and green), but the governor continues to suggest he is open to altering Tier Six, such as maybe jettisoning or amending the voluntary defined - contribution component.

This paper studies the pension preferences of Washington State public school teachers by examining two periods of time during which teachers were able to choose between enrolling in a traditional defined benefit plan and a hybrid plan with defined benefit and defined contribution components.

Any money that is not in a qualified plan; Any money in a Roth IRA; The contributions component from a Traditional non-deductible IRA; and Any money that is not yours, even if it is in a qualified plan (e.g., money in the qualified plan of a spouse, etc.).

It has had various incarnations of DB pensions (it also has a Defined Contribution component) but the most recent DB component ceased to exist as of Jan. 1, 2008, Power said.