Sentences with phrase «mandatory retirement contributions»

Not exact matches

School districts cover costs of the retirement benefits through mandatory annual contributions to the Teachers» Retirement System.

Benefits, including employee contributions, are not payable for employee hardships, unforeseeable emergencies, loans, medical expenses, educational expenses, purchase of a principal residence, payments necessary to prevent eviction or foreclosure on an employee's principal residence, or any other reason except a requested distribution for retirement, a mandatory de minimis distribution authorized by the administrator, or a required minimum distribution provided pursuant to the Internal Revenue Code.

While Nevada's mandatory contribution rate allows for flexibility in teachers» retirement savings, it also means that the state needs to educate teachers on what happens if they leave the system and encourage savings in other portable supplemental plans.

If you are a salaried individual, you may make some mandatory contributions to schemes like EPF / NPS / GPF etc., On attaining the retirement age, you get lump sum amount / accumulated balance.

It seems like pretty solid logic: Raising mandatory pension contributions will improve Canadians» economic well being in retirement.

He told me that I should supplement my mandatory contributions to the Teacher Retirement System of Texas with a retirement annuity.

The PPP allows plan members to choose how to accrue retirement savings and avoid the large financial costs associated with mandatory defined benefit contributions.