Sentences with phrase «pension for life at»

«In Akwa Ibom, state law provides for N200m annual pay to ex-governors, deputies; pension for life at a rate equivalent to the salary of the incumbent governor / deputy governor respectively; a new official car and utility - vehicle every four years; one personal aide and provision of adequate security; a cook, chauffeurs and security guards for the governor at a sum not exceeding N5m per month and N2.5 m for the deputy governor.

Not exact matches

Until this year, all military members could potentially receive a guaranteed pension of at least 50 percent of their base pay for life.

To stress - test your budget, he suggested practicing living off an amount equal to your guaranteed sources of retirement income for at least six months, including pensions, Social Security, annuities or — for the lucky few — trust funds.

thanks, and yes, a pittance of a pension and regular checkups keep us on budget and head off any problems — best decision i ever made (financial or otherwise) was serving our country doing search - and - rescue, oil and chemical spill remediation, etc. (you can guess the branch of service)-- along the way, frugal living, along with dollar - cost averaging, asset allocation, and diversification allowed us to retire early — Vanguard has been very good over the years, despite the Dot Bomb, 2002, and the recession (where we actually came out better with a modest but bargain retirement home purchase)... it's not easy building additional «legs» on a retirement platform, but now that we're here, cash, real estate, investments and insurance products, along with a small pension all help to avoid any real dependence on social security (we won't even need it at full retirement age)-- however, like nearly everybody, we're headed for Medicare in several years, albeit with a nice supplemental and pharmacy benefits — but our main concern is staying fit, active, and healthy!

To qualify for a full OAS pension, you must have lived in Canada for at least 40 years after age 18.

The current military retirement system provides a generous pension — starting at 50 % of your base pay every year for life if you stay in the service for 20 years, or up to 75 % if you remain for 30 years.

Families ought to be encouraged to structure their affairs to ensure that stay at home parents (and their children) are protected, for example with adequate life insurance, pre-nups providing for minimum maintenance benefits, settlements of pension and retirement benefits, and so on.

At present many women reach retirement age without qualifying for the full state pension because they have missed national insurance contributions at some stage of their adult lifAt present many women reach retirement age without qualifying for the full state pension because they have missed national insurance contributions at some stage of their adult lifat some stage of their adult life.

While the work and pensions secretary was delivering a speech to the Centre for Social Justice on how he is improving the life chances of vulnerable people, some of the those affected by his cuts to ESA took to Twitter to express their dismay at the Commons vote.

At Work and Pensions Questions yesterday, serial rebel Peter Bone helpfully asked the Government to explain its plans for the future of disability living allowance.

«Pension scheme deficits also play a part: people currently at work not only have their salaries affected, but are also extremely unlikely to enjoy the same retirement benefits as their colleagues who retired in the past, even when accounting for an increasing life - expectancy.

Paul Hamilton, an actuary and head of higher education at consultancy Barnett Waddingham, said continuing poor economic conditions, including market uncertainty after Brexit, and people living for longer meant 20 years of investment returns on pension funds were currently «missing».

The question at hand in the lawsuit is whether non-probationary status (tenure), which has been almost automatically granted to every teacher after three years, is a property right that guarantees a salary or pension for life.

Given that at least 6,006 Second City teachers — or one - fifth of employees covered by the pension — will retire in the next decade, Emanuel will have to do more than just freeze cost - of - living increases for pensioners of this and those drawing off the rest of the city's annuity funds.

After this revelation, Brill concludes the book with his five recommendations, which include ending LIFO, merit pay for teachers with high value - added scores, saving money by replacing teacher pensions with 401 (K) s, and making teaching a temporary job rather than a life - long career «In a world where career changes are the norm... that may not mean that they stay for twenty or thirty years, but it should mean they are there for at least five or ten.»

Sometimes it will also be necessary to verify this income will continue for at least three years because some pension or retirement plans do not provide income for life.

An individual's value to his creditors at time of filing a consumer proposal comprises his assets valued at liquidation (auction) pricing (that may be a garage sale for your furniture and household goods, the wholesale cash buyer for your car, or the pawnbroker for your jewellery) after deducting exemption in prescribed, legislated amount (s) for car, household goods, clothing, tools of the trade, medical aids, home, life insurance, pensions, RRSP, etc., which amounts to little or nothing for the large majority of us, less than our debt in any case.

Assuming that you are a couple who have contributed to the Canada Pension Plan for your entire working lives, you will receive about $ 30,000 a year from CPP and OAS combined starting at age 65.

If you were common - law, a CPP pension split is available after 12 months of cohabitation and upon a relationship breakdown where you have lived apart for at least 12 months.

The individual or family must also: - hold a current Centrelink Healthcare Card or Pension Card or are eligible to receive Family Tax Benefit - have lived at their current address for more than six months.

At retirement, the worker has the option of purchasing an annuity, which is similar to Social Security benefits and traditional defined benefit pension plans insofar as they provide a steady income stream for life.

But if you feel you want more guaranteed income than you'll collect from Social Security and any pensions — and you're willing to take these prudent steps to ensure you're getting a competitive payout and that you can truly rely on the annuity's promise of income for life — an immediate annuity is at least worth considering.

But if you really want to turn a portion of your nest egg into something that approximates a pension — a specific amount of money you can count on month in and month out for the rest of your life — then I suggest you suspend your wariness about annuities long enough to at least consider a type of annuity that's easier to understand, less prone to the abuses that are too often associated with annuities and is very efficient at turning savings into assured lifetime income — namely, an immediate annuity.

Alternatively, you might again invest for long - run growth, but ensure you have enough income from dividends, interest, annuities, pensions, Social Security and other sources to cover at least your fixed living costs.

Sometimes it will also be necessary to verify that this income will continue for at least three years since some pension or retirement plans do not provide income for life.

The Old Age Security pension is a monthly benefit available, if applied for, to most Canadians 65 years of age or over who have lived in Canada for at least 10 year after reaching age 18.

Pension plan members in the private sector need to at least consider the risk of their company being able to fund their pension payments for life if they have the opportunity to commute their pension and otherwise take a lump - sum payout upon leaving thPension plan members in the private sector need to at least consider the risk of their company being able to fund their pension payments for life if they have the opportunity to commute their pension and otherwise take a lump - sum payout upon leaving thpension payments for life if they have the opportunity to commute their pension and otherwise take a lump - sum payout upon leaving thpension and otherwise take a lump - sum payout upon leaving the plan.

From spending more time fixing up her rural cabin to signing up for swimming lessons and spending more time on her stained - glass hobby, Nathalie has planned well for the day in July when, 55 years of age, she will have completed 10 years at the government, where she can walk away with a Defined Benefit Pension plan that pays $ 17,000 annually for life — starting when Nathalie turns 60.

I'm in the same camp as you — same salary (at least when you adjust my government salary upward for the value of the pension), have similar attitudes toward owned assets such as cars and clothing, and live low.

«But until my $ 17,000 a year government pension kicks in at age 60, I will have to finance my $ 35,000 net [income] for living expenses from my investments.»

If you envy that kind of guaranteed - for - life pension, there is a compelling argument for annuities, or at least partial annuitization.

In the good old days, someone who worked a lifetime in a single job offering a defined benefit pension may have «retired» full stop at or around age 65, and received one giant monthly stream of income from their former employer for life, plus the usual government benefits.

Assuming good health and normal prospects for a long life, Milevsky and others see annuitizing at least partially by age 85, keeping in mind some pensions and enhanced CPP and OAS benefits deferred under 70 also act like inflation - indexed annuities.

Bottomline: Starting CPP early means a reduced pension for the rest of your life, so you need to save a little more; however, you don't have to draw your money as fast, and at age 65 you'll still have about $ 161,000 saved.

If you worked in Canada for most of your adult life, you'd be entitled to the full Canada Pension Plan (CPP) amount of about $ 1,100 per month, starting at age 65.

This is very different from defined benefit plans, where the amount of monthly benefit at retirement is what's being defined (e.g., you'll get a pension check of $ 500 a month at age 65 for life).

● LSB chief exec: Chris Kenny — civil servant at Dept of Health and Treasury, director of Oftel, director of Life & Pensions for the ABI;

The federal judicial pension is extremely generous — a judge can retire at age 65 with only 15 years of judicial service (or at 70 with 10 years), and receive his full salary for life; nor does he make any contribution to funding the pension.

The social contract used to be that judges were appointed for life until mandatory retirement at age 75, received a generous pension upon retirement at or before 75 and enjoyed a quiet retirement.

The Ministry of Social Development and Social Innovation (MSDSI) have also announced a more streamlined application process for Persons with Disabilities Benefits (PWD) for those in programs such as: Community Living BC, the Ministry of Children and Family Development At Home program, BC PharmaCare Plan P — Palliative Care, Canada Pension Plan — Disability.

Same - sex couples also have the right to apply for Canada Pension Plan survivor benefits (if the couple has lived together for at least one year prior to the death of their common - law spouse) and have entitlements to be covered under each other's car insurance.

Perks: Private medical care, pension scheme, life assurance, season ticket loan for travel, 25 days» holiday (with an extra day at Christmas), discounted gym membership and employee assistance programme.

Retirement benefits under the Ontario Retirement Pension Plan would have to be paid for the life of a plan member beginning at 65 years of age.

Top up for Shriram Ujjwal Life SP and Future Generali Pension Guarantee premiums, is an extra amount of money that you can pay at any time during the policy term.

Top up for Aegon Life iIncome and Future Generali Pension Guarantee premiums, is an extra amount of money that you can pay at any time during the policy term.

Minimum variable premium for HDFC Life Assured Pension is not available and minimum variable premium for Reliance Bluechip Savings Insurance Plan is Depends on age at entry and policy term chosen.

After all, in the example above, the $ 600 per month would have been lost anyway, so why not pay for life insurance and control the asset for the benefit of family rather than lose it to the pension provider at death?

For HDFC Life Pension Super Plus, policy renewal is allowed Policy renewal is allowed for Birla Sun Life Protect At EaFor HDFC Life Pension Super Plus, policy renewal is allowed Policy renewal is allowed for Birla Sun Life Protect At Eafor Birla Sun Life Protect At Ease.

Top up for Exide Life Wealth Maxima and Pension Plus premiums, is an extra amount of money that you can pay at any time during the policy term.

Premium payment options for Max Life Forever Young Pension Plan and Birla Sun Life Protect At Ease also include premium paying modes.