Sentences with phrase «defined benefits plans such»

• 35 % of retirees have less than $ 1,000 in savings and investments that could be used for retirement, not counting their primary residence or defined benefits plans such as traditional pensions; 53 % have less than $ 25,000.

Any funds in a Defined Benefit Plan such as a pension or a Defined Contribution Plan such as a 401 (k) or IRA are considered marital property if they were acquired during your marriage.

Not exact matches

When they're being candid, 401 (k) consultants will tell you that employers set up such defined contribution plans for their benefit as much as their employees».

The NIA's study found that people with defined - benefit plans, such as traditional pensions, retire on average 1.3 years earlier than those with defined - contribution plans, such as 401 (k) s.

According to GAO's analysis of the 2013 Survey of Consumer Finances, many older households without retirement savings have few other resources, such as a defined benefit (DB) plan or nonretirement savings, to draw on in retirement (see figure below).

It serves consultants and institutional investors, such as defined benefit and defined contribution plans, endowments, and financial advisors.

Level Three is composed of workplace savings plans such as defined benefit or defined contribution plans.

Usually this means either a defined contribution plan [such as a 401 (k) or 403 (b) plan] or a defined benefit plan (a traditional fixed «pension» that a government employee might receive).

An overwhelming majority of ESOP companies have other retirement and / or savings plans, such as defined benefit pension plans or 401 (k) plans, to supplement their ESOP.

Likewise, dividing qualified plans such as 401 (k) s, Defined Benefit plans, or pension plans requires a qualified domestic relations order (QDRO).

Net investment income does not include tax - exempt interest from municipal bonds (or funds); withdrawals from a retirement plan such as a traditional IRA, Roth IRA, or 401 (k); and payouts from traditional defined benefit pension plans or annuities that are part of retirement plans.

Case and Deaton speculate that the shift from defined - benefit pension plans in the U.S. to defined - contribution plans (such as the 401 (k)-RRB- may have caused the upward shift in mortality rates.

Women are more likely to spend time out of the workforce than men, and defined - benefit pension plans tend to punish teachers who fail to meet specific targets, such as 30 years of service.

The main reason is that women are more likely to spend time out of the workforce than men, and defined - benefit pension plans like the one in Ohio tend to punish teachers who fail to meet specific targets, such as 30 years of service.

Instead, they often establish a defined - contribution plan (DC), such as a 401 (k) or a 403 (b), which provide a more valuable benefit to the majority of teachers.

An eligible employee may transfer from the Florida Retirement System to his or her accounts under the State Community College Optional Retirement Program a sum representing the present value of his or her service credit accrued under the defined benefit program of the Florida Retirement System for the period between his or her first eligible transfer date from the defined benefit plan to the optional retirement program and the actual date of such transfer as provided in s. 121.051 (2)(c) 7.

Or alternatively, a defined - contribution (DC) plan such as a 401k plan would produce a more valuable retirement benefit for most teachers.

Mainly, defined benefit plans, such as a pension, place the responsibility of saving on the employer, versus a 401 (k) where the employee bears the responsibility to save for their future selves.

The convention with Mexico is such that 15 % withholding tax applies at source for Canada Pension Plan (CPP), Old Age Security (OAS) and defined benefit (DB) pensions.

This new share class is available to eligible employer - sponsored retirement plans such as 401 (k) plans, 457 (b) plans, 403 (b) plans, profit - sharing plans and money purchase pension plans, defined benefit (DB) plans, and nonqualified deferred compensation (NQDC) plans.

For a defined - benefit plan, benefits will be paid upon retirement based on factors such as year of service to the company, as defined by the plan.

Many private businesses have shifted from offering defined - benefit pension plans to other forms of employer - sponsored plans, such as defined - contribution plans, but some still do offer defined - benefit plans to employees.

Typically, defined - benefit plans calculate your benefits based on factors such as the number of years you've been a member of the pension plan, your average (or perhaps peak) salary, your retirement age, etc..

>> OLD - SCHOOL PENSIONS STILL ON DECLINE Consulting firm Towers Watson says the number of providing defined - benefit pensions continues to fall, although fewer companies moved away from such plans last year than in any other year over the past decade.

A defined - benefit plan is designed to provide you with a certain amount of income for retirement, based on such factors as your salary and length of service.

Employers can have both defined - benefit and defined - contribution plans, such as 401 (k) s, at the same time.

In this sense, the managed account approach «appears to be a worthy alternative to the target - date fund as it can provide a level of customization that the target - date fund can not by taking into account factors such as an investor's income, age, and access to a defined benefit plan.»

PBGC does not insure defined contribution plans, which are retirement plans that do not promise specific benefit amounts, such as profit - sharing or 401 (k) plans.

Lately, it's been getting a bit of interest because some parties see it as a threat to much - loved Defined Benefit (DB) pension plans for federal government workers and Crown Corporation employees, (such as Canada Post, CBC, Via Rail, etc.).

The research says lowering pension contributions for company plans — such as defined - benefit vehicles — would put more money in the pockets of families that are raising kids and paying down mortgages.

These types of plans can help an employer to essentially bridge the gap between a traditional defined benefit plan and a defined contribution plan such as a 401 (k).

These days many employers combine these retirement benefits with a defined contribution plan, too, such as a 401 (k) or 403 (b).

They should know that Social Security and company pension plans are no longer reliable retirement income options — especially the latter, as private - sector employers eschew defined - benefit plans in favor of defined - contribution plans such as 401 (k) plans, which shift much, if not all, of the savings burden onto the employee.

It serves consultants and institutional investors, such as defined benefit and defined contribution plans, endowments, and financial advisors.

«Fixed» Investments such as Defined Benefit Plans, Fixed Annuities, GICs, and Preferred Stock (in qualified pPlans, Fixed Annuities, GICs, and Preferred Stock (in qualified plansplans)

2016 is the tenth anniversary of the Pension Protection Act, or PPA, which was largely designed to shore up financially troubled defined benefit plans, and their insurer, but the legislation also vastly improved the health of defined - contribution plans including 401 (k) s, now the dominant individual retirement savings vehicle for those Americans who are offered such plans at work, mostly at large companies.

Institutional Shares may be purchased by institutions such as endowments and foundations, employer - sponsored retirement plans (including, but not limited to profit sharing, 401 (k), 403 (b), 457 (b) and defined benefit plans)(Employer - Sponsored Retirement Plans) and individuals, including clients of investment adviplans (including, but not limited to profit sharing, 401 (k), 403 (b), 457 (b) and defined benefit plans)(Employer - Sponsored Retirement Plans) and individuals, including clients of investment adviplans)(Employer - Sponsored Retirement Plans) and individuals, including clients of investment adviPlans) and individuals, including clients of investment advisers.

a former salaried, pension - eligible, non-union employee of Teck Metals Ltd., Teck Resources Limited, Cominco Resources International Limited, CESL Limited or Agrium Inc., who terminated employment, by retirement or otherwise, in such a manner that you would have been entitled to defined pension benefits if you had remained a member of the defined benefit pension plan,

who terminated employment, by retirement or otherwise, in such a manner that they would have been entitled to defined pension benefits if they had remained members of the defined benefit pension plan, who elected to move from the defined benefit pension plan to the defined contribution pension plan effective on or about January 1, 1993 including the personal representatives of any who have died and excluding Judy Erickson and Louise Malkin.

However, the other excepted benefits as defined in section 2971 (c)(2) of the PHS Act, 42 U.S.C. 300gg - 91 (c)(2), such as limited scope dental or vision benefits, not explicitly excepted from the regulation could be considered «health plans» under paragraph (1)(xvii) of the definition of «health plan» in the final rule if and to the extent that they meet the criteria for the definition of «health plan.»

Response: We agree and as described above have added language to the final rule to clarify that the «excepted benefits» as defined under 42 U.S.C. 300gg - 91 (c)(1), which includes liability programs such as property and casualty benefit providers, are not health plans for the purposes of this rule.

These retirement plans generally conform to the rules of Section 401 of the Internal Revenue Code, and include defined benefit and defined contribution plans, such as 401 (k), profit sharing, and money purchase plans.

Defined benefit pension plans are a form of life annuity typically provided by employers or governments (such as Social Security in the United States).

While traditional pensions promise retirees a fixed monthly benefit for the rest of their lives, 401 (k) s and other defined contribution plans offer no such guarantees.

For defined benefit insurance products such as term plans and critical illness plans, Sum Assured is used.