Sentences with phrase «minimum retirement age»

Starting the day after you reach minimum retirement age, those disability retirement payments are taxed as pension payments.

According to The Resume Place's analysis of Office of Personnel Management data, more than 558,000 federal employees are age 55 or older — the federal minimum retirement age — including 86,446 workers age 65 and up.

This applies until you reach minimum retirement age.

Self - employment income, rental income, long - term disability benefits (prior to the minimum retirement age) and union strike benefits are taxable.

Tier 6 had set a minimum retirement age of 63 for all employees and eliminated the 55/30 early retirement option for all members of the state Employee Retirement System (ERS) hired after April 1, 2012.

The legislation, which takes effect on April 1, raises the minimum retirement age to 63.

That includes wages, salaries, tips and other taxable employee pay, as well as union strike benefits and long - term disability benefits received prior to minimum retirement age.

Your wages, salary, tips, self - employment earnings or even long - term disability benefits received prior to the date you attain the minimum retirement age are considered earned income for purposes of the EITC.

In my personal case, I contribute to a defined benefit pension plan which is fully funded and which should provide a very solid income stream when I am ready to begin collecting (55 is the minimum retirement age).

Your plan defines the minimum retirement age.

This applies whether or not you've reached the minimum retirement age.

Such schemes may have a minimum retirement age, so check what that is if you want to retire early.

For example, when you reach your minimum retirement age, any disability retirement benefits you receive become a pension in the eyes of the IRS and therefore no longer count as earned income.