Sentences with phrase «pension payments»

"Pension payments" refers to regular income that is provided to individuals, usually retired workers, as a form of financial support. It is a fixed amount of money that is paid regularly, typically monthly or annually, to help them cover their living expenses after they have stopped working. Full definition
The trustee makes an honest administrative error when calculating the minimum pension payment in the relevant income year.
Pension wealth is the cash value of the expected future stream of pension payments at various points in an educator's career.
My wife and I have a six figure annual pension payment for life, whoever lives the longest.
The trustee does not satisfy the minimum pension payment for one member but does for another member in an income year.
In the year the member dies, the minimum annual pension payment amount is based on the member's age.
Some pensions calculate your monthly pension payment so that you get a higher pension until age 65 and then a lower pension after age 65.
Long - term debt and liabilities such as pension payments, health care benefits for retirees and potential payments in legal disputes are also a factor in credit ratings.
All together, the city's 2009 retirees will receive roughly $ 1.7 million a year in pension payments from the state's $ 129 billion system, primarily paid for by taxpayers.
Depending upon the type of policy you have, you could receive pension payments for a defined period of time, or for the length of your natural life.
Of funds established over the last 10 years to 2014, 69 % have not started making pension payments.
The trustee must ensure that each pension meets the minimum pension payment requirements.
You must make payments at least annually and meet the minimum pension payment amounts.
The final source of income made by some legislators comes in the form of state pension payments they can receive if they retire immediately before beginning a new term.
In 49 states, a majority of teachers will not break - even and will receive future pension payments worth less than their own retirement contributions (see figure).
Just a few years of earning the higher salary will pay big dividends in the form of higher pension payments every year in retirement.
I don't think it's right that we kick the can on pension payments.
Now the governor would allow districts to opt into a system that would reduce pension payments over a number of years in anticipation of future savings.
That was still the case in the fourth quarter when you include pension payments, but strong organic growth gives the dividend more growth potential long term.
This is why most pension programs hold bonds or fixed income in their portfolios in order to «match - up» fixed liabilities associated with pension payments.
So, with longevity derivatives, the risk is people living too long leading to more pension payments in future years.
Again, one of the main reasons is that teachers who split their career often can not begin collecting pension payments as early as those who stay in one system.
Those measures allowed the school board to impose a $ 250 million property tax increase to cover teacher pension payments, and sent $ 131 million of new grant revenue to the district.
A union member with fixed pension payments does not have to worry as much about savings and can probably invest with a much lower amount in the bank.
No, for a trustee to meet the minimum pension payment standards they must meet the payment requirements both in form and effect.
The board has projected a $ 100 million deficit this year, excluding borrowing, one - time revenue and savings from deferred pension payments.
This would ensure that schools in the district — which disproportionately serve low - income students and students of color — receive pension payments at the same rate as other schools.
It's also important to remember that receiving a lump sum pension payment is likely to have some serious tax implications.
Thirty - eight percent of its expenditures went to legacy issues, like pension payments.
He also proposed allowing the state to strip pension payments from elected officials convicted of crimes related to their public office, regardless of when that official was first elected.
A shortened work career and less pay mean a lower pension payment in retirement.
Employee pension payments, including payments from a defined benefits plan, should generally not reduce the damages otherwise payable for wrongful dismissal.
Currently the state can only withhold pension payments from officials first elected after 2011.
While these rule changes on guaranteed pension payments seem promising, just how willing employees will be to add their 401 (k) proceeds to their pensions is up for debate.
We originally planned to use our military pension payments to purchase more properties, but have instead diversified into low cost index funds and a few selective bond offerings as a hedge.
My colleagues and I in the new majority are ready to work with the county executive to implement spending cuts that will ensure pension payments are made without penalty.
What's worse is that in 2017, the average pension payment took about $ 1,200 per student out of the classroom.
In this case, the contributor will receive lower pension payments during his lifetime.
The first pension payment is usually made between six and 12 weeks after the application.
If you have a defined benefit plan, you may discover that you can only get your money out through the eventual pension payments themselves.
You do not need to report pension payments, investment earnings / losses or when an income stream is closed because the interest has been exhausted.
As you can see, the more pension that is available to the surviving spouse, the lower the overall pension payment.
Unless they come from certain public pension funds, pension payments generally are taxable at the time that they're issued.
There are insurance policies that offer pension payments during your golden years.
The comptroller's office has not yet estimated the amount of his monthly pension payments.
In all other cases the trustee will need to write in and outline why they did not meet the minimum pension payment requirements.
This feature enables the policyholder to earn the dual benefit of pension payments and even a lump sum payment to the nominee which can be put to any use as deemed necessary.
That typically results in a cut in pension payments for employees.
Even better, that inflated salary will translate into higher pension payments for life.
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