Sentences with phrase «in a defined benefit plan such»

Any funds in a Defined Benefit Plan such as a pension or a Defined Contribution Plan such as a 401 (k) or IRA are considered marital property if they were acquired during your marriage.

Not exact matches

According to GAO's analysis of the 2013 Survey of Consumer Finances, many older households without retirement savings have few other resources, such as a defined benefit (DB) plan or nonretirement savings, to draw on in retirement (see figure below).

• 35 % of retirees have less than $ 1,000 in savings and investments that could be used for retirement, not counting their primary residence or defined benefits plans such as traditional pensions; 53 % have less than $ 25,000.

Case and Deaton speculate that the shift from defined - benefit pension plans in the U.S. to defined - contribution plans (such as the 401 (k)-RRB- may have caused the upward shift in mortality rates.

The main reason is that women are more likely to spend time out of the workforce than men, and defined - benefit pension plans like the one in Ohio tend to punish teachers who fail to meet specific targets, such as 30 years of service.

An eligible employee may transfer from the Florida Retirement System to his or her accounts under the State Community College Optional Retirement Program a sum representing the present value of his or her service credit accrued under the defined benefit program of the Florida Retirement System for the period between his or her first eligible transfer date from the defined benefit plan to the optional retirement program and the actual date of such transfer as provided in s. 121.051 (2)(c) 7.

>> OLD - SCHOOL PENSIONS STILL ON DECLINE Consulting firm Towers Watson says the number of providing defined - benefit pensions continues to fall, although fewer companies moved away from such plans last year than in any other year over the past decade.

In this sense, the managed account approach «appears to be a worthy alternative to the target - date fund as it can provide a level of customization that the target - date fund can not by taking into account factors such as an investor's income, age, and access to a defined benefit plan.»

The research says lowering pension contributions for company plans — such as defined - benefit vehicles — would put more money in the pockets of families that are raising kids and paying down mortgages.

They should know that Social Security and company pension plans are no longer reliable retirement income options — especially the latter, as private - sector employers eschew defined - benefit plans in favor of defined - contribution plans such as 401 (k) plans, which shift much, if not all, of the savings burden onto the employee.

«Fixed» Investments such as Defined Benefit Plans, Fixed Annuities, GICs, and Preferred Stock (in qualified pPlans, Fixed Annuities, GICs, and Preferred Stock (in qualified plansplans)

a former salaried, pension - eligible, non-union employee of Teck Metals Ltd., Teck Resources Limited, Cominco Resources International Limited, CESL Limited or Agrium Inc., who terminated employment, by retirement or otherwise, in such a manner that you would have been entitled to defined pension benefits if you had remained a member of the defined benefit pension plan,

who terminated employment, by retirement or otherwise, in such a manner that they would have been entitled to defined pension benefits if they had remained members of the defined benefit pension plan, who elected to move from the defined benefit pension plan to the defined contribution pension plan effective on or about January 1, 1993 including the personal representatives of any who have died and excluding Judy Erickson and Louise Malkin.

However, the other excepted benefits as defined in section 2971 (c)(2) of the PHS Act, 42 U.S.C. 300gg - 91 (c)(2), such as limited scope dental or vision benefits, not explicitly excepted from the regulation could be considered «health plans» under paragraph (1)(xvii) of the definition of «health plan» in the final rule if and to the extent that they meet the criteria for the definition of «health plan.»

Defined benefit pension plans are a form of life annuity typically provided by employers or governments (such as Social Security in the United States).