Sentences with phrase «contribution scheme»

Executive Directors are entitled to benefits under defined contribution scheme pension arrangements.

These types of plans are sometimes known as defined contribution schemes.

«Under our proposals no student will have to pay upfront for tuition and both parties in the coalition have worked hard to develop a much fairer and progressive graduate contribution scheme,» the business secretary pointed out.

«They involve an undercover FBI agent successfully arranging a fraudulent contribution scheme with a Liu bundler and subsequently meeting Liu in person,» he said.

The effect often leaves a bankrupt shell of a company, or at least enables corporate raiders to threaten employees with bankruptcy that would wipe out their pension funds or employee stock ownership plans if they do not agree to replace defined benefit pensions with riskier contribution schemes.

A reminder to ACO clients that July signalled the introduction of the industry development levy, which replaces the promotional contribution scheme.

The influx into Defined Contribution schemes through auto - enrolment, together with the new pension freedoms, means that managers are now more visible than ever in the pensions market.

He's seeking a third way, of sorts: looking beyond the classic dichotomy of the gold standard final - salary pension schemes offered by some of the bigger employers, and the more miserable defined contribution schemes where a percentage of the salary is simply put into the pot.

The first thing to note is the difference between ISAs and pension - contribution schemes tax wise, which is of course the taxation point.

A defined Contributions scheme provides you with a lump sum on retirement that you can use to purchase the annuity of your choice.

«One of the options we are looking at - called the graduate contribution scheme, is that the basis on which graduates make a contribution to the university they've gone to is based on what they subsequently earn rather than the course that they've taken.»

According to the survey, new workstreams are opening up for pensions lawyers, as clients grapple with the new pensions freedoms introduced in the 2014 budget as well as more intense regulation of defined contribution schemes and the ongoing industry trend for de-risking.

Second, we have long called for a shift from defined benefit to defined contribution schemes.

«On pensions, what's important is that people on low incomes can make more informed decisions on defined contribution schemes.

Medicare, the assistance to health care costs of the elderly, will be converted from a defined benefit to a defined contribution scheme.

Even after the changes, the Pensions Policy Institute recently calculated that contributions to the teachers» pension scheme will be worth twice as much as a percentage of their salary as those the average private sector worker receives from their employer under a defined contribution scheme.

In his State of the State address New York governor Andrew Cuomo suggested he was looking at a similar charitable - contributions scheme.

The Conservatives should transfer local government pension holders to a defined contribution scheme (John Hutton ruled out this option).

If your employer has a defined contribution scheme and contributes to it, join it and contribute at least up to the maximum amount that they will match — otherwise you are leaving free money on the table.

A 401 K is the above defined contributions scheme, into which you and your employer pays.

You must either take steps to sign up with an insurance company for a pension annuity investment plan, or join your company pension plan that likely operates a 401K defined contributions scheme.

If the previous pension is a defined - benefit (final salary) pension then you're very unlikely to be able to transfer it into a new scheme and get the same benefits — you'll only get a lump - sum transfer that can be used for a defined - contribution scheme, and the lump sum is unlikely to be large enough to get the same benefits.

During the year, one Director of the Company (2016: three) participated in the Group Personal Pension Plan, a defined contribution scheme.

Her work covers the full range of pensions advisory work including funding, benefit redesign projects, scheme closures and amendments, and defined benefit / contribution schemes.

Scheme governance and investment duties in relation to defined benefit and defined contribution schemes

Further, the entitlements accrued under pure defined contribution schemes are immediately non-forfeitable (unverfallbar).

As well as advising on traditional final salary schemes, Catherine has experience of defined contribution schemes and dealing with the ever increasing governance requirements, career average revalued earnings (CARE) schemes, and cash balance schemes and how they have been impacted by legislative change to clarify the meaning of «money purchase».

Gratuity, Superannuation and Leave Encashment is managed under the Defined Benefit scheme while only Group Superannuation is managed under the Defined Contribution scheme

Defined Benefit scheme and Defined Contributions scheme is covered under the scope of the plan

On death, under the Defined Contribution scheme, the aggregate Account balance is paid subject to a minimum of 100.1 % of all premiums paid for each member and for the Defined Benefits scheme, the accrued liability as per scheme rules is payable