Sentences with phrase «pension contributions equal»

You can make pension contributions equal to 100 % of your income from employment.

Not exact matches

In addition, for all eligible participants, IBM makes automatic contributions equal to a certain percentage of eligible compensation, which generally depends on the participant's pension plan eligibility on December 31, 2007.

For example, most county employees are in Tier 4 of the state pension system, and the county makes a contribution equal to about 20 percent of their salaries to the state retirement system.

But by 2025, the combined repayment of the 2003 POB, along with health care and pension contributions, will cause total retirement spending to equal spending on classrooms.

At that point, it would convert to a pay - as - you - go pension system, requiring contributions equaling 50 percent of an employee's pay, according to the report.

The lump sum option for permanent partial disability is equal to the individual's monthly pension multiplied by the total number of monthly contributions.

He'd paid additional voluntary contributions into his occupational pension scheme so was able to get a pension equal to of one third of his salary.

Effective January 1, 2009, public service pension plan contributions will be 5.2 % (to a maximum of $ 2,407.60 for the 2009 taxation year) on all pensionable earnings below and equal to the yearly maximum pensionable earnings (YMPE)($ 46,300 for the 2009 taxation year) and 8.4 % on all pensionable earnings over the YMPE.

Another major initiative is the Ontario Registered Pension Plan (ORPP), a compulsory defined benefit plan requiring equal 1.9 % employee and employer contributions (up to income of $ 90,000) for workplaces without employer pensions.

Fidelity's suggested total pretax savings goal of 15 % of annual income (including employer contributions) is based on our research, which indicates that most people would need to contribute this amount from an assumed starting age of 25 through an assumed retirement age of 67 to potentially support a replacement annual income rate equal to 45 % of preretirement annual income (assuming no pension income) through age 93.

(4) Where a pension plan is wound up in whole or in part, an employer who is required to pay contributions to the pension fund shall be deemed to hold in trust for the beneficiaries of the pension plan an amount of money equal to employer contributions accrued to the date of the wind up but not yet due under the plan or regulations.

The Canada Pension Plan is a social insurance program based on equal contributions by employees and employers.

In addition to considering benefits and deprivation, the Court also considered the impending medical costs of Ms. Butler's health issues, Mr. Noel's contribution to the relationship, and an inheritance (approximately equal to the pension value) that Mr. Noel received after the relationship breakdown.

For example, your pension benefit might be equal to one percent of your average salary for the last five years of employment, and then times your total years of service.1 Over the years, your employer makes contributions on your behalf and promises to make you regular, predetermined payouts every month when you retire.