Sentences with phrase «hit pension age»

Not exact matches

There is of course a series of public programs, including the Old Age Security and the Guaranteed Income Supplement and of course the Canada Pension Plan itself that provide modest levels of income for all Canadians when they hit retirement aAge Security and the Guaranteed Income Supplement and of course the Canada Pension Plan itself that provide modest levels of income for all Canadians when they hit retirement ageage.

It also said that it was unlikely a state pension would still exist for today's young people when they hit old age, given the current scale of government spending cuts.

This acceleration of the increase in the state pension age will disproportionately hit those on lower incomes, who often have lower life expectancies and will lose a greater proportion of their retirements.

When Hurricane Katrina hit New Orleans in 2005, the Orleans Parish School Board dismissed 7,500 employees without regard to age, years of service, or expected pension benefits.

Pension reform: top - paid administrators to take biggest hit Ed Source: The retirement age for new teachers will be pushed back two years; they'll have to fork over about another 1 percent of their pay into the retirement system.

Unlike the current system, which features large financial incentives for teachers to retire precisely at a pre-determined age (New York City teachers who begin at age 25 currently hit peak pension wealth at age 63), the new system would offer teachers a smooth wealth accrual that would allow them to time their retirement decisions as they saw fit.

The really simple path here is if you just get an annuity with your entire pot, before hitting age 75 (and you don't make any further pension contributions after).