Sentences with phrase «earnings over their entire career»
Under the new rules, teachers still receive a pension based on their salary, but on their average earnings over their entire career, rather than what they were on before retiring.
http://www.educationbusinessuk.net/ Not exact matches
He notes that the stylized individual with earnings that track the YMPE closely over an entire working career are rare and that replacement rates for people who have lifetime average earnings close to the YMPE often have replacement rates from OAS and CPP well below 40 %, as a result of fluctuations in their earnings in relation to the YMPE.
This type of redistribution is inherent in any plan that bases benefits on the three highest end - of - career years of earnings, while contributions reflect earnings over the entire work life.
Other calculations that take into account earnings throughout entire careers estimate 20 percent increases over the course of a lifetime.
Rather, we believe it is important to measure whether the ratio of debt to earnings indicates whether a student is able to manage debt both in the early years after completion, and in later years, since students must be able to sustain loan payments at all stages, regardless of the benefits that may accrue to them over their entire career.