Sentences with phrase «in defined benefit plan»

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.

«In the defined benefit plan if you pack up at age 40 and go to another employer you usually lose,» says Malcolm Hamilton, a partner with Mercer Human Resource Consulting.

Still, it may be dangerous to leave your cash in a defined benefit plan if it looks like your company is in perilous shape.

Instead of stipulating the benefits as in a defined benefit plan, a defined contribution plan establishes a separate account for each participant, and the employer generally agrees to put a specific amount into this account.

In a defined benefit plan, the obliger (the employer) assumes all market risk - whether the value of the funds goes up or down, they are obligated to pay the same amount to the retired employee.

Usually if there is a funding shortfall in a defined benefit plan, the employer is solely responsible for making up the shortfall, although in some plans it is shared with employees.

The primary difference is that a potential SSI recipient has access to the funds in a defined contribution plan, but a participant in the defined benefit plan has no access to the pension until attaining a specific age.

More than 75 percent of teachers participate in defined benefit plan.

If you do find that you are in a defined benefit plan, Salisbury recommends getting a copy of the plan description and asking a few questions: «Have you been mailing me a benefits statement that I haven't bothered to look at?

For the remaining one - third of District employees who are in defined benefit plans, the District's pension plans are 100 - percent funded — that is, the city has set aside sufficient funds each year to cover the full cost of future retirement costs.

The District pays the employer share of Social Security taxes for most employees (CSRS employees and employees in the defined benefit plans do not participate in Social Security) and the employer share of Medicare taxes for nearly all employees.

Yes, I know a few boomer couples who are fully retired, generally aided by long service in Defined Benefit plans.

In defined benefit plans that are 100 % employer - funded, your employer shoulders all the risks involved in financing the plan and undertakes to make the payments no matter how the market performs.

The first would allow current participants in defined benefit plans (for the small percentage of consumers that still have DB plans) to take their retirement savings in the form of an annuity plus a lump sum.

Defined contribution pension plans have been growing in popularity while enrolment in defined benefit plans has declined.

There are two great virtues in defined benefit plans: 1) Investing is handled by professionals.

Defined Benefit Plans (including Cash Balance)- This program tracks trends in defined benefit plans (often relative to defined contribution plans) and includes analysis on cash balance and other hybrid plans.

Not exact matches

Chriss pegs growth in the contingent work force to structural changes in employment over the past decades, including a decline in enrollment in defined - benefit pension plans and growth in the average duration of unemployment.

In return, they received desirable health benefits, countless perks and a defined - benefit retirement plan.

Around the same time, a number of defined - benefit plans sponsored by troubled companies, including Nortel Networks, GM Canada and DaimlerChrysler, began to falter in the wake of the 2008 stock - market market meltdown and had to be restructured.

Late last year Toyota announced that beginning Jan. 1 new Canadian hires would be enrolled in a defined - contribution pension plan, not the more generous defined - benefit plan enjoyed by current full - time employees.

Pierlot wrote a paper for the CD Howe Institute in 2011 showing that a person with a salary of $ 75,000 at the end of a 35 - year career would accumulate more than $ 1.4 million in savings through a defined - benefit plan (wherein the pensioner is paid a set income based on past earnings and years of service, mostly confined to the public sector these days) compared to $ 674,711 for someone with no pension but a maxed - out Registered Retirement Savings Pplan (wherein the pensioner is paid a set income based on past earnings and years of service, mostly confined to the public sector these days) compared to $ 674,711 for someone with no pension but a maxed - out Registered Retirement Savings PlanPlan.

BlackRock CEO Larry Fink is head of the world's largest asset manager, and in a letter to CEOs in January he stated that BlackRock will only do business with companies that have clearly defined long - term plans that benefit society.

The belated recovery of stock markets in the U.S. — on April 10, the S&P 500 hit 1,589, finally topping its 2007 peak — along with the glimmer of an uptick in Europe have further helped put defined - benefit plans on an even keel.

Murawski notes that this is a good time to decide which accounts you want to invest in, including 401K, Roth IRA, Traditional IRA, Simple IRA, SEP IRA, Defined Benefit Plan, and after tax accounts.

Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, and capital markets conditions and other factors beyond the Company's control, including natural and other disasters or climate change affecting the operations of the Company or its customers and suppliers; (2) the Company's credit ratings and its cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and market acceptance of new product offerings; (6) the availability and cost of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial market risks that may affect the Company's funding obligations under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly reports on Form 10 - Q (the «Reports»).

Union workers for Costco in California also have a defined benefit pension plan.

While Torstar has no bank debt, it does have a major financial obligation to its defined benefit pension plan, which is in a solvency deficit position.

Unlike IRAs and 401 (k) s, which allow business owners to invest up to $ 24,000 annually, specialized defined benefit plans, properly structured, can significantly increase contributions and reduce taxes by 50 percent — in some cases, a double benefit.

Part of the problem may have to do with the fact that employees have little involvement with traditional defined benefit plans, says Wendy Foster, senior vice president in Fidelity's defined benefit business.

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).

While only 11 % of employees in Canada's private sector belong to a defined benefit pension plan, 43 of the top 100 CEOs have a define benefit pension plan worth an average of $ 1.39 million a year.

• 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.

Risky Assumptions: A Closer Risk at Bearing Investment Risk in Defined Benefit Pension Plans.

Both of our jobs currently have defined benefit pension plans in place, both of which we are vested in — I don't put a dollar figure on those but figure those will provide 3k to 4k in retirement income when we retire, depending upon when we retire and then when we choose to draw it.

Like target date funds, Managed DC differs from old - fashioned defined benefit plans and annuities in one important way: the income is not guaranteed.

(a) Schedule 2.7 (a) of the Disclosure Schedule contains a list setting forth each employee benefit plan, program, policy or arrangement (including any «employee benefit plan» as defined in Section 3 (3) of the Employee Retirement Income Security Act of 1974, as amended («ERISA»)(«ERISA Plan»)-RRB-, including, without limitation, employee pension benefit plans, as defined in Section 3 (2) of ERISA, multi-employer plans, as defined in Section 3 (37) of ERISA, employee welfare benefit plans, as defined in Section 3 (1) of ERISA, deferred compensation plans, stock option plans, bonus plans, stock purchase plans, fringe benefit plans, life, hospitalization, disability and other insurance plans, severance or termination pay plans and policies, sick pay plans and vacation plans or arrangements, whether or not an ERISA Plan (including any funding mechanism therefore now in effect or required in the future as a result of the transactions contemplated by this Agreement or otherwise), whether formal or informal, oral or written, under which (i) any current or former employee, director or individual consultant of the Company (collectively, the «Company Employees») has any present or future right to benefits and which are contributed to, sponsored by or maintained by the Company or (ii) the Company or any ERISA Affiliate (as hereinafter defined) has had, has or may have any actual or contingent present or future liability or obligatplan, program, policy or arrangement (including any «employee benefit plan» as defined in Section 3 (3) of the Employee Retirement Income Security Act of 1974, as amended («ERISA»)(«ERISA Plan»)-RRB-, including, without limitation, employee pension benefit plans, as defined in Section 3 (2) of ERISA, multi-employer plans, as defined in Section 3 (37) of ERISA, employee welfare benefit plans, as defined in Section 3 (1) of ERISA, deferred compensation plans, stock option plans, bonus plans, stock purchase plans, fringe benefit plans, life, hospitalization, disability and other insurance plans, severance or termination pay plans and policies, sick pay plans and vacation plans or arrangements, whether or not an ERISA Plan (including any funding mechanism therefore now in effect or required in the future as a result of the transactions contemplated by this Agreement or otherwise), whether formal or informal, oral or written, under which (i) any current or former employee, director or individual consultant of the Company (collectively, the «Company Employees») has any present or future right to benefits and which are contributed to, sponsored by or maintained by the Company or (ii) the Company or any ERISA Affiliate (as hereinafter defined) has had, has or may have any actual or contingent present or future liability or obligatplan» as defined in Section 3 (3) of the Employee Retirement Income Security Act of 1974, as amended («ERISA»)(«ERISA Plan»)-RRB-, including, without limitation, employee pension benefit plans, as defined in Section 3 (2) of ERISA, multi-employer plans, as defined in Section 3 (37) of ERISA, employee welfare benefit plans, as defined in Section 3 (1) of ERISA, deferred compensation plans, stock option plans, bonus plans, stock purchase plans, fringe benefit plans, life, hospitalization, disability and other insurance plans, severance or termination pay plans and policies, sick pay plans and vacation plans or arrangements, whether or not an ERISA Plan (including any funding mechanism therefore now in effect or required in the future as a result of the transactions contemplated by this Agreement or otherwise), whether formal or informal, oral or written, under which (i) any current or former employee, director or individual consultant of the Company (collectively, the «Company Employees») has any present or future right to benefits and which are contributed to, sponsored by or maintained by the Company or (ii) the Company or any ERISA Affiliate (as hereinafter defined) has had, has or may have any actual or contingent present or future liability or obligatPlan»)-RRB-, including, without limitation, employee pension benefit plans, as defined in Section 3 (2) of ERISA, multi-employer plans, as defined in Section 3 (37) of ERISA, employee welfare benefit plans, as defined in Section 3 (1) of ERISA, deferred compensation plans, stock option plans, bonus plans, stock purchase plans, fringe benefit plans, life, hospitalization, disability and other insurance plans, severance or termination pay plans and policies, sick pay plans and vacation plans or arrangements, whether or not an ERISA Plan (including any funding mechanism therefore now in effect or required in the future as a result of the transactions contemplated by this Agreement or otherwise), whether formal or informal, oral or written, under which (i) any current or former employee, director or individual consultant of the Company (collectively, the «Company Employees») has any present or future right to benefits and which are contributed to, sponsored by or maintained by the Company or (ii) the Company or any ERISA Affiliate (as hereinafter defined) has had, has or may have any actual or contingent present or future liability or obligatPlan (including any funding mechanism therefore now in effect or required in the future as a result of the transactions contemplated by this Agreement or otherwise), whether formal or informal, oral or written, under which (i) any current or former employee, director or individual consultant of the Company (collectively, the «Company Employees») has any present or future right to benefits and which are contributed to, sponsored by or maintained by the Company or (ii) the Company or any ERISA Affiliate (as hereinafter defined) has had, has or may have any actual or contingent present or future liability or obligation.

In the event Mr. Block's employment terminates due to his death or disability (as defined in his offer letter), he or his estate will be entitled to receive the following payments and benefits (less applicable tax withholdings), in addition to any other compensation and benefits to which he (or his estate) may be entitled under applicable plans, programs and agreements of the CompanIn the event Mr. Block's employment terminates due to his death or disability (as defined in his offer letter), he or his estate will be entitled to receive the following payments and benefits (less applicable tax withholdings), in addition to any other compensation and benefits to which he (or his estate) may be entitled under applicable plans, programs and agreements of the Companin his offer letter), he or his estate will be entitled to receive the following payments and benefits (less applicable tax withholdings), in addition to any other compensation and benefits to which he (or his estate) may be entitled under applicable plans, programs and agreements of the Companin addition to any other compensation and benefits to which he (or his estate) may be entitled under applicable plans, programs and agreements of the Company:

«So you're saying to the steel worker that in order to pay this lucrative defined benefit plan, we're going to raise your taxes?

In addition to using them for individual portfolios, Pastolove works the funds for institutional clients in 40l (k) defined benefit planIn addition to using them for individual portfolios, Pastolove works the funds for institutional clients in 40l (k) defined benefit planin 40l (k) defined benefit plans.

Companies with «defined benefit plans» are obliged contractually to set aside earnings in a special fund that will generate enough interest, dividends or capital gains to be paid out to a growing number of retirees.

In 1978, when the law authorizing the creation of the 401 (k) was passed, employers commonly attracted and retained talent by offering a secure retirement through a pension (a type of a defined benefit plan).

As described beginning on page 20 of this proxy statement, the employment agreements generally define the executive's position, specify a minimum base salary, and provide for participation in our annual and long - term incentive plans, as well as other benefits.

My sense is that it is still mainly defined benefit pension plans that are interested in hedge funds and private equity, which are the focus of the Intel case.

In a way, the internet is making up for the loss of financial security in the loss of The Defined Benefit Plan for retiremenIn a way, the internet is making up for the loss of financial security in the loss of The Defined Benefit Plan for retiremenin the loss of The Defined Benefit Plan for retirement.

In 2017, UPS announced it would freeze benefits to 70,000 non-union active employees in the management defined benefit plan by 202In 2017, UPS announced it would freeze benefits to 70,000 non-union active employees in the management defined benefit plan by 202in the management defined benefit plan by 2023.

Today, the pool of savings necessary to generate a given level of income needs to be higher than in the past, a situation compounded by the decline in defined benefit pension plans.

When the process has run its course, they threaten their work force with bankruptcy that will wipe out its pension benefits if employees do not agree to «downsize» their claims and replace defined - benefit plans with defined - contribution plans (in which all that employees know is how much they pay in each month, not what they will get in the end).

The «All Plan Universe» currently tracks the performance and asset allocation of over $ 650 billion in assets under management across Canadian defined benefit (DB) pension plans, and is a widely - recognized performance benchmark indicator.

• Equity and performance based plans (e.g., annual and long - term incentive plans, stock option, restricted stock, performance share and broad - based equity plans); • Executive plans (e.g., deferred compensation, supplemental retirement, severance and change - in - control plans); • Retirement plans (e.g., 401 (k) plans, traditional defined benefit pension plans and ESOPs); and • Health and welfare plans (including COBRA and HIPAA compliance), and other fringe benefit programs.