Sentences with phrase «first pension payment»

The date of her first pension payment is 14 August 2015.

The first pension payment is usually made between six and 12 weeks after the application.

Not exact matches

Seventy - seven percent support a Cuomo proposal to withhold state pension payments from state lawmakers convicted of public corruption crimes regardless of when the official was first elected.

DiNapoli did not initially respond when the Times first reported over the weekend of a tenative agreement between legislative leaders and the governor that would essentially float a loan to the state and municipalities to reduce their pension contributions in exchange for higher payments in the future.

It would have reduced pension payments and for the first time, the option of a 401k style plan.

Following evidence from Citizens Advice outlining that the new system increases debt and financial insecurity for recipients, the current work and pensions secretary David Gauke has been advised to delay the systems full roll out and shorten waiting times for first payments.

State officials, including Cuomo, have resisted calls to increase aid; first DiNapoli, then Cuomo, advanced plans that would let a municipality amortize their pension payments to gain short - term savings.

In his first budget address to the legislature, Murphy said he would use the extra revenue to ramp up state aid for school districts, increase funding for the beleaguered NJ Transit and a make a larger payment into the cash - strapped public worker pension system.

Murphy plans to continue the 10 - year ramp Christie and Democrats have been following to reach full pension payments in fiscal 2023, meaning he would pay only 60 percent of the actuarially determined contribution in his first year in office, or $ 3.2 billion.

Meanwhile, Syracuse's pension payments to the state will decrease by $ 2.1 million in 2016, the first decrease since the 2008 recession sent pension bills skyrocketing.

Syracuse would save $ 43.5 million on pension payments in the first five years if the city opted into the plan.

In his first foray into the election campaign, Mr Brown said Labour wanted the Scottish Parliament to be able to make top - up payments to all benefit claimants if it wins the general election, raising the possibility of a higher state pension and more generous dole payments north of the border.

He also proposed allowing the state to strip pension payments from elected officials convicted of crimes related to their public office, regardless of when that official was first elected.

Currently the state can only withhold pension payments from officials first elected after 2011.

Reed: First, let me just clarify that we're not trying to reduce pension payments.

First was the Prop 30 threat to cut education budgets if it did not pass, then was the huge increase in School District payments (up to 19.1 %) to shore up the teacher pension fund on the backs of our kids, now he is looking to veto AB2233!

«We're at a situation now that if you make that pension payment in its completion — which has been done for four years in a row for the first time in a long time, CPS has made those pension payments — we could no longer make that payment and not have it impact the school building and the classroom,» said Emanuel.

a rebateable (lifetime) super pension is based on the payments made in the first year (the pension valuation factor) and the level of undeducted contributions and residual capital value.

Even if you decide you're more inclined to go with the annuity, you should first determine whether the monthly payments you'll receive from your pension will be higher than what you could get by taking the lump sum, rolling it into an IRA and then buying an immediate annuity within that IRA that will make lifetime payments.

There are some National Insurance advantages to paying directly into the pension; neither you nor the company gets relief on NI if the payment goes via you, but no NI is paid in the first place if it goes direct from the company.

A pension's commencement day is the first day of the payment period.

The first would be to leave the pension intact and draw a monthly payment at some point in the future (generally after age 55).

At first instance, the wife was awarded most of the equity in the marital home, a share of the husband's pension, joint lives periodical payments of # 3,750 per year and 25 % of the husband's net annual bonuses on a joint lives basis, albeit the quantum of any future bonuses was unknown.

The first defendant identified three possibilities in respect of the application of s 73 (3)(b) to such a situation: (i) no entitlement to payment of pension or other benefit had arisen at all; (ii) entitlement to payment of the member's Barber window benefits only had arisen; and (iii) entitlement to payment of the whole of his benefits, including his Barber window benefits and benefits in respect of any pensionable service before and after the Barber window, had arisen.