Sentences with phrase «dollar in pension benefits»

Women who retire at age 60 receive 87 cents on the dollar in pension benefits, a total penalty of just under $ 60,000.

Not exact matches

State pension funds, facing a potential multitrillion - dollar shortfall, find themselves in the center of a four - way battle: Employees and retirees expect to be paid their promised benefits; the pension systems have clear obligations but may not have the resources to pay them; politicians are looking for ways to resolve the underfunding and balance the burden among retirees and workers; and state taxpayers, challenged to provide for their own retirements, resent the additional tax load.

SHANGHAI, March 21 - Global asset managers are lobbying Beijing to offer tax benefits and other incentives to entice China's aging population to invest in mutual funds for their retirement, as funds eye a multi-trillion dollar opportunity in commercial pensions.

Both of our jobs currently have defined benefit pension plans in place, both of which we are vested in — I don't put a dollar figure on those but figure those will provide 3k to 4k in retirement income when we retire, depending upon when we retire and then when we choose to draw it.

thanks, and yes, a pittance of a pension and regular checkups keep us on budget and head off any problems — best decision i ever made (financial or otherwise) was serving our country doing search - and - rescue, oil and chemical spill remediation, etc. (you can guess the branch of service)-- along the way, frugal living, along with dollar - cost averaging, asset allocation, and diversification allowed us to retire early — Vanguard has been very good over the years, despite the Dot Bomb, 2002, and the recession (where we actually came out better with a modest but bargain retirement home purchase)... it's not easy building additional «legs» on a retirement platform, but now that we're here, cash, real estate, investments and insurance products, along with a small pension all help to avoid any real dependence on social security (we won't even need it at full retirement age)-- however, like nearly everybody, we're headed for Medicare in several years, albeit with a nice supplemental and pharmacy benefits — but our main concern is staying fit, active, and healthy!

Former Suffolk Conservative chairman Edward Walsh, recently convicted on federal corruption charges, has failed to qualify for an immediate state pension in a ruling that could cost the former corrections lieutenant thousands of dollars in lost benefits.

And just a note: the hundreds of thousands of dollars are in salaries, benefits and pensions are, per person.

Malloy said Connecticut's pension fund system is broken, and, if nothing changes, in the year 2032 the state will have to pay $ 13 billion dollars in retirement benefits when it reaches what Malloy called «a fiscal cliff.»

ALBANY — The annual tradition in the State Legislature of proposing «sweeteners» to state pensions for workers and retirees represented by politically powerful unions has produced 120 bills so far worth hundreds of millions of dollars in benefits, according to the independent Citizens Budget Commission.

For three solid years, this city agency (and inspector general's office that is governed by New York State), continue to conceal evidence that could have restored my job, career, pension and retirement benefits, but chose to look the other way, while I had to spend tens of thousands of dollars defending myself in court for charges that never existed, and that were exposed to the MTA Inspector General after an oral argument hearing on May 9, 1991 revealed the deception and cover up.

The governor was reminded by a top aid that he and the legislature approved a new pension tier, so that future workers will receive fewer benefits, saving the state, as well as local governments, billions of dollars in costs in coming decades.

In 1999, Saint Louis offered retroactive improvement in pension benefits that cost the city $ 166 million, or $ 52,000 per teacher, in 2013 dollars, and promised far more valuable pension benefits for future hireIn 1999, Saint Louis offered retroactive improvement in pension benefits that cost the city $ 166 million, or $ 52,000 per teacher, in 2013 dollars, and promised far more valuable pension benefits for future hirein pension benefits that cost the city $ 166 million, or $ 52,000 per teacher, in 2013 dollars, and promised far more valuable pension benefits for future hirein 2013 dollars, and promised far more valuable pension benefits for future hires.

The key to understanding this is the concept of «pension wealth,» the current dollar value of the expected stream of future benefits, in other words, the cash value of a retiree's annuity.

Most public school teachers participate in defined benefit (DB) pension plans, which because of different accounting rules contribute significantly less today for each dollar of future retirement benefits than private - sector DB pensions or defined contribution (DC) pension plans.

Another way to put it is that the average woman who retires at age 55 receives 85 cents in pension benefits for each dollar received by the average man.

The simulation indicates that if women were to receive an additional four percent of lifetime earnings in pension benefits, it would be worth roughly $ 70,000 in 2014 dollars — more than the maximum annual teacher salary in the typical Ohio school district.

In addition to the non-fiscal benefits attached to educational choice, the program can relieve pressure for district budgets from rising pension costs (for each one million dollars spent on the program, I estimated that the state would save almost half of that amount, while school districts would save almost $ 700,000).

Thanks to a series of deals Philadelphia struck with the AFT local, along with increases in pension contributions, led to a 53 percent increase in spending on teachers» benefits between 2002 - 2002 and 2011 - 2012, according to data from the U.S. Census Bureau; benefits accounted for 27 cents of every dollar spent on teacher salaries in 2012, versus 21 cents a decade earlier.

She is on record saying that, «Every dollar paid out in pension benefits puts $ 2.37 back into the economy.»

Hundreds of teachers sit in so - called rubber rooms in New York City, playing cards, video games, whatever, collecting their salaries, maintaining their healthcare benefits and adding dollars to their defined benefit pensions.

On a dollar for dollar basis, there's much more risk involved in compensating a worker via a long term pension promise instead of salary or some other benefit expensed in the present.

Even big, supposedly safe Canadian stalwarts now have defined benefit pension shortfalls not in the millions, but in the billions of dollars.

At retirement, Larry and Emily will each be entitled to about $ 13,500 Canada Pension Plan benefits per year and, at 65, full Old Age Security benefits of about $ 7,040 per year in 2018 dollars.

This would include Seth's defined benefit pension plan (likely worth $ 40,000 per year in retirement in today's dollars), CPP of $ 16,000 and OAS of $ 13,200.

More than half of workers report having less than $ 25,000 dollars in total household savings and investments, excluding their home and any pension plans, according to the Employee Benefit Research Institute.

For our example, we'll assume no pension, so we subtract the $ 20,000 in Social Security benefits from the $ 42,000 required retirement income leaving us with an annual retirement income shortfall of $ 22,000 (in today's dollars).

Pension splitting can generate many thousands of dollars in additional after - tax income for retired couples, particularly if — as is often the case — one of them enjoys a generous defined benefit (DB) pension and the other doPension splitting can generate many thousands of dollars in additional after - tax income for retired couples, particularly if — as is often the case — one of them enjoys a generous defined benefit (DB) pension and the other dopension and the other does not.

Our attorneys have represented benefit plans, employers and fiduciaries in some of the largest ERISA cases across the country, in matters involving more than one billion dollars in exposure in both pension and retiree insurance types of cases.

Perhaps everybody in the service - to - practitioner industry should be on «independent contracts» and paid gross dollars, no deductions and be able to pay for their own benefits / pensions out of their gross (tied to market performance).