Sentences with phrase «higher retired worker»

If a spouse's own earnings history generates a larger benefit than what he or she would receive as a survivor benefit based on their deceased spouse's earnings history, then the higher retired worker benefit is kept in place.

Not exact matches

Using the «claim now, claim more later» strategy, retirees can claim some benefits now, and higher benefits later, by applying for spousal benefits instead of their own retired - worker benefits when they reach full retirement age.

Rising wealth in previous generations turned renters into homeowners, high school graduates into college students, and workers into the comfortably retired.

If you think you'll be in a higher tax bracket when you retire, especially if you're a younger worker and have yet to reach your peak earning years, then a Roth IRA is better than a traditional IRA from a tax standpoint.

Research has suggested that as workers from the «baby boomer» generation with relatively high salaries have retired, they have been replaced by younger employees receiving lower wages, thereby suppressing the rise in paychecks.

Syracuse, NY — A Syracuse police officer who spent eight years chauffeuring and protecting former Mayor Matt Driscoll retired with the highest pension of 47 city workers in 2009.

James «Jake» Jackowski, 61, driver and bodyguard for Mayor Matt Driscoll, received the highest pension of 47 city workers who retired in 2009, thanks to years of racking up overtime.

In addition to her new job, Rapfogel, once among the state's highest paid workers, and who officially retired in January, has a $ 115,889 annual state pension.

Survivor benefits, which I briefly mentioned above, only come into play if they're higher than the surviving spouse's retired worker benefit.

The 70 % to 80 % replacement ratio target would, if achieved, lead to a society where retired workers have much higher living standards than working families with children.

The longer a worker waits to retire and begin collecting Social Security, the higher his monthly payments will be.

Children of deceased workers had the highest average payments, in part because they are eligible to receive monthly benefits based on 75 % of the worker's PIA, compared with 50 % for children of retired or disabled workers.

Among retired and disabled workers who collected benefits based on their own work records, men received a higher average monthly benefit than did women.

If a spouse's own earnings history generates a larger benefit than what he or she would receive as a survivor benefit based on their deceased spouse's earnings history, then the higher retired - worker benefit is kept in place.

In surveys, compared to current retirees, workers age 55 and older expect to retire later and a higher percentage plan to work during retirement.

You forget that a lot are retired (or still working) Gov. workers with high paying wages pensions.