Sentences with phrase «defined at retirement age»

A defined benefit is defined at retirement age.

Not exact matches

Defined benefit pension plan (DB plan): A retirement plan that guarantees a specified retirement payment beginning at a certain age and after a specified period of service.

Using this formula, we compute a monthly benefit payable for the team member's lifetime beginning at «regular retirement age» as defined in the Combined Plans.

«the compensation system for federal judges in the United States creates a very powerful economic incentive to retire at a reasonable retirement age by virtue of how the defined benefit pension plan works, that most judges assent to not long after reaching that age.»

But, the compensation system for federal judges in the United States creates a very powerful economic incentive to retire at a reasonable retirement age by virtue of how the defined benefit pension plan works, that most judges assent to not long after reaching that age.

Pushing workers out at the normal retirement age is a defining feature of all defined - benefit plans (including Social Security), and the ones states offer to teachers are no exception.

Taking benefits as soon as possible at age 62 locks in payments that are only 75 percent of what they would be at age 66, which is defined as the full retirement age for the current wave of retirees.

For AFCPE members at full retirement age (as defined by the SSA) and in good standing for 10 or more years.

Full Retirement Age, as defined by the Social Security Administration, «is the age at which a person may first become entitled to full or unreduced retirement benefits.&raqAge, as defined by the Social Security Administration, «is the age at which a person may first become entitled to full or unreduced retirement benefits.&raqage at which a person may first become entitled to full or unreduced retirement benefits.»

Other proposals that could promote more work at older ages include expanding phased retirement options and reforming pension and defined contribution systems to create incentives to work and save.

This is very different from defined benefit plans, where the amount of monthly benefit at retirement is what's being defined (e.g., you'll get a pension check of $ 500 a month at age 65 for life).

Defined Benefit Component (http://www.varetire.org/glossary/index.asp#defined-benefit-component) The defined benefit component under the Hybrid Retirement Plan provides a retirement benefit based on the member's age, total creditable service and average final compensation at retiDefined Benefit Component (http://www.varetire.org/glossary/index.asp#defined-benefit-component) The defined benefit component under the Hybrid Retirement Plan provides a retirement benefit based on the member's age, total creditable service and average final compensation at retidefined-benefit-component) The defined benefit component under the Hybrid Retirement Plan provides a retirement benefit based on the member's age, total creditable service and average final compensation at retidefined benefit component under the Hybrid Retirement Plan provides a retirement benefit based on the member's age, total creditable service and average final compensation at retirement.

The benefit in a defined benefit pension plan is determined by a formula that can incorporate the employee's pay, years of employment, age at retirement, and other factors.