Sentences with phrase «of pensioner benefits»

Not exact matches

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 Plan.

«Even though the consumption tax is scheduled to be raised by 2 percentage points, a number of measures to mitigate the burden, such as a reduced tax rate and an increase in welfare benefits for pensioners, and the provision of free education are planned to be implanted,» the report said.

«Instead of clobbering pensioners, and people on benefits, the government should impose a tiny tax on financial transactions that would raise billions.»

It is a matter in the hands of local authorities, but there is an argument to protect this benefit, while making it taxable for wealthy pensioners by adjusting the level of taxable allowances.)

However, it says the efforts used to improve take - up of the pension credit should now be applied to other benefits targeted at pensioners, and a new target encompassing the help provided for housing and council tax should be introduced.

The best part of # 50bn is a lot of money and economic growth can only do so much to reduce spending, particularly when employment is already high and political pressure means that cutting the benefits bill further or pensioners» benefits at all is a no - no.

«This report confirms that this government has become obsessed with meeting centrally set targets at the expense of delivering the benefits and services which will do most to lift pensioners out of poverty,» said shadow work and pension secretary Philip Hammond.

«Similar progress with other benefits should be the next step in pursuit of further progress towards what must be the overall goal: reducing pensioner poverty.»

I make it 21 to date, including tax - cuts for low - earners, the introduction of a mansion tax, a major council house - building programme, cuts to universal benefits for wealthy pensioners, rent reforms for private tenants, a living wage for public sector workers, and an elected House of Lords.

More than half of voters, forced to choose between the three, named David Cameron as the best Prime Minister, 17 points ahead of Ed Miliband, who led only among Labour voters and social group E (state pensioners, casual workers and those dependent on benefits — the group that is also least likely to vote).

Labour's Lilian Greenwood asks Cameron to rejects suggestions from the Tory MP Nick Boles and from the Lib Dems for wealthy pensioners to lose some of their benefits.

Over half of the annual # 200 billion spent on benefits is spent on pensioners, but they have been spared any of the pain of austerity after the 2010 Tory manifesto pledged to protect them.

:: Urgently pay Edo State pensioners over 42 months outstanding pension benefits and entitlements from the over N29bn Paris Club refunds received by your government and meant for the payment of pension arrears and gratuities;:: Adopt a human rights policy of guaranteeing regular payment of pension benefits and entitlements so that pensioners and their families can live decently;:: Recognize the human rights of Edo State pensioners and ensure their full and effective enjoyment of those rights, as well as provide them with information to enable them to claim their rights;:: Treat all pensioners in Edo State as individuals with humanity and dignity and respect and promote their higher standard of living and improve economic and social conditions for all pensioners;:: Provide Edo State pensioners with proper support and assistance to alleviate their plight, including by ensuring informal, community - based and recreation - oriented programs for pensioners to help develop their sense of self - reliance and independence;:: Reduce opportunities for corruption in the spending of the Paris Club refunds

The organization asked Obaseki to «spend the Paris Club refunds to pay all outstanding pension benefits within 14 days of the receipt and / or publication of this letter, failing which SERAP will institute appropriate international and regional legal proceedings to compel your state to discharge its constitutional and international human rights obligations to Edo pensioners.

«You are aware that I believe the cuts would have been even fairer to younger families and people of working age if we had been willing to reduce some of the benefits given to better - off pensioners but I have attempted to work within the constraints that you and the Chancellor set.

Abbott told the Statesman that the benefit cap was «part of a political narrative which demonises welfare claimants; most of the public don't understand that half of welfare claimants are pensioners and that another quarter are in work.»

Everything we do is aimed at improving the tax and benefits experience of low income workers, pensioners, migrants, students, disabled people and carers.

«While we're in no way complacent about people's income in retirement, the single group of people who have benefited most in terms of their standard of living has been pensioners,» she says.

The rest of it is made up of debt interest payments, tax credits, benefits for working - age claimants and pensioner welfare.

«Because of the complexity of the benefits system, many pensioners are unaware of exactly how their benefits would be affected, and are unable to calculate whether they would be penalised.

With good cause Duncan Smith is a critic of the ring fencing of benefits for wealthy pensioners.

Since the winter fuel allowance is the most expensive of the main pensioner benefits (costing # 2.2 bn last year) it seems equally likely that free bus passes (# 1bn) and free TV licences (# 600m) will similarly be protected.

(Press Release) Concerned about the plight of pensioners who retired under the Contributory Pension Scheme without being paid, the Federal Government has cleared the inherited arrears of accrued pension benefit for the year 2014, 2015 and 2016 by releasing N41.5 billion to the National Pension Commission (PENCOM) for onward payment to the retirees, Minister of Finance, Mrs. Kemi Adeosun has disclosed.

He also warned that they would leave nearly half of the pensioner population in receipt of means - tested benefits.

But the most significant moment of the session was undoubtedly Cameron's response to a question on pensioner benefits.

Housing benefit cuts in April will particularly impact on pensioners, families on low incomes, disabled people (many already traumatised by Atos assessments of their alleged capability for work), the long - term sick, -LSB-...]

Osborne refused to rule out the withdrawal of benefits from some pensioners, repeatedly stating that he was «not writing the Conservative manifesto today», but offered an important indication of his priorities.

There may come a tipping point when voters become suspicious of why the Tories keep targeting unemployment support, especially when bigger savings can be found from ending unnecessary benefits to wealthier pensioners such as free TV licences and winter fuel payments.»

Some pensioners with spare rooms will be hit by reductions in housing benefit under what critics dub the Government's «bedroom tax», the Department of Work and Pensions confirmed.

But, while poverty among children and pensioners has been reduced, it has risen among adults without children, especially those on out - of - work benefits.

Pensioners have not claimed an estimated # 4.5 bn of income - related benefits, while problems with the over-paying and clawing back of Working Family Tax Credit has made many reluctant to claim it.)

Amid fears the tax might adversely affect pensioners or those on low or medium incomes who had seen the value of their home soar as a result of property price rises, Mr Cable said they may actually benefit.

[17] Brown's image was further harmed when he privately described Gillian Duffy, a 65 - year - old pensioner, as a «bigoted woman» after she raised the issue of benefits and immigration with him during a campaign trip to Rochdale, Greater Manchester.

Iain Duncan Smith's Department of Work and Pensions (DWP), which clashed with No 10 repeatedly over the introduction of the universal credit, is once again at war with Downing Street over the future of benefits for old - age pensioners.

He said: «People recognised that they wanted someone who would stand up for the values of this constituency, focusing on jobs, focusing on social justice, trying to get a better deal for pensioners and those who haven't perhaps felt the full benefits of 12 years of Labour government.»

On the flip side, pensioners could benefit from new measures to make ISA withdrawals more flexible and a new # 1,000 tax - free allowance on the interest payments of cash savings for basic rate taxpayers.

43 % of the general public backed the idea on the grounds that, in today's harsh financial climate, the Government should «use the money instead to provide more help to people who need the money more», whereas 48 % said it would be wrong to do this, as «pensioners have spent their working lives paying for their state retirement benefits».

A clever political strike, trying to turn to the Coalition's advantage the Tories» embarrassment at having been forced to protect these benefits for pensioners because of David Cameron's cowardice during the televised debates during the election campaign in April.

Quite apart from the principle of having to pay benefits to those no longer living in the country, there was also the fact that many of those British pensioners are living in countries with less severe winters - thus negating the need for them to receive the payment anyway.

It was her admission that Labour will review their policy on pensioner benefits ahead of the next election.

Means - tested pensioner benefits will be swept away to fund this new «citizen's pension» and the reform will, it is said, be funded by the later retirement age and abolishing the complex bureaucracy that administers the humiliating process of form - filling that stands between pensioners and top - up benefits.

Ed Miliband, you'll remember, said last week that the current set - up, by which wealthy pensioners receive benefits such as Winter Fuel Allowance and free TV licences, «needs to be looked at» — before his party's spokespeople swarmed out to reassure folk that no decisions had yet been made, that their leader didn't like the idea of means - testing, etc, etc..

The NHS budget will, as expected, rise above the rate of inflation from # 104bn this year to # 114bn by the end of the four - year spending period, and universal benefits for pensioners including free eye tests, prescription charges, bus passes, TV licences for the over-75s and winter fuel payments will be maintained.

But, ever mindful of the sensitivities of Mail and Telegraph readers, David Cameron denounced as a Labour lie during the election suggestions he might seek to trim middle - class and pensioner perks, the so - called «universal benefits» such as fuel allowances which go to dukes in their chilly castles, as well as dustmen.

Hundreds of pensioners in Osun on Wednesday barricaded the entrance of Government Secretariat, located at Abeere, to demand for their pensions and other benefits.

However, this move can benefit the pensioners substantially, as earlier they did not get any standard deduction or any of the other allowances given to salaried employees.

In exchange for forgoing tax benefits on the contributions, pensioners receive the benefit of tax - free distributions provided they are receiving a qualified distribution.

That allowed the PBGC, together with the Departments of Treasury and Labor, to negotiate benefit cuts to the pension plans in order to avoid the plans going insolvent — at which point, all pensioners would be limited to the PBGC limits for their payments.

Like Stelco and Nortel before it, thousands of pensioners of Sears Canada are experiencing firsthand what happens to corporate Defined Benefit pension plans when a business fails.

And I'd say based on the life expectancy of someone who lives to age 60 in the first place, many pensioners would benefit from deferring their CPP pension and possibly starting it as late as age 70.