For starters, only a minority of workers enjoy the kind of inflation -
indexed guaranteed pension that Dad — and his widow — enjoyed.
Not exact matches
«Public sector workers are being asked to work a bit longer and pay a bit more, but they will continue to get a
guaranteed pension which is
index - linked and inflation - proofed,» Mr Maude added.
Perhaps it is my background in the Equity
Indexed Annuity [EIA], Variable Annuity [VA], DC
pension and GIC businesses — we had all sorts of
guarantees and non-
guarantees floating around, so we were used to analyzing the risks.
Right now, their after - tax
guaranteed income for life from Ed's company
pensions is $ 58,000 annually (
indexed to inflation) and will bump up to $ 78,000 when Ed turns 65.
In fact, when asked about the intended uses for
indexed annuities in another recent LIMRA survey, respondents» top three responses involved retirement planning, including supplementing Social Security or
pension income, accumulating assets for retirement, and receiving
guaranteed lifetime income.
The resulting «personal
pension» will be neither
guaranteed against market loss, nor automatically
indexed to inflation.
¹ Assuming a 65 year old male, 50 % spouses
pension, no
guaranteed payment period and
index - linked payments rising with RPI.
Some members (again, there are heartwarming exceptions) of another group, who tend to have government paycheques,
guaranteed life - long fully
indexed incomes,
pensions and benefits, and have never spent one minute working in a small law firm, support ABS.
Such a ruling would potentially benefit thousands of PPF members, including those who may have initially received a high percentage of their original
pension but who have lost any accrued rights to
index - linked or
guaranteed annual increases.