Sentences with phrase «pension plan amount»

The insurance company pays the annuitant the annuity pension plan amount right after the receipt of the lump sum premium.

(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.

Not exact matches

Essentially, If you are enrolled in a pension plan, you now can roll over money from your employer's 401 (k) plan into the pension plan, increasing the amount of money in your monthly check during retirement.

«Boards spend an extraordinary amount of time looking in the rear - view mirror,» says Mark Wiseman, CEO of the Canadian Pension Plan Investment Board and a vocal critic of director myopia.

«The largest pension plan in the world is Japanese, and they're increasing their allocations to equities, and that's going to represent quite a large amount of money going into the markets.

Wiseman said all of CPPIB's investment teams made material contributions last year, producing CPPIB's largest level of annual investment income since inception, but noted the Canada Pension Plan isn't expected to need to draw money from the fund until at least 2023 and, even then, at a relatively small amount for several years.

It would also help address a number of questions about DC pension plans, including the amounts and variability of income from DC sources, and whether people who self - manage their withdrawals exhaust their retirement assets before the end of their life.

While Old Age Security and the Guaranteed Income Supplement were designed to provide a basic minimum amount to Canadian seniors, the new Canada and Quebec Pension Plans were contributory social insurance programs established to provide basic death, survivor and disability benefits as well as retirement coverage.

In addition to the Canada Pension Plan Account, there was a Canada Pension Plan Investment Fund that would take the surplus that accumulated over and above administration costs and the amount of money required to pay immediate benefits (i.e. three months» worth) and invest it in provincial and federal securities.

(8) Amounts in this column reflect the total of the following columns: Salary, Bonus, Stock Awards, Option Awards, Non-Equity Incentive Plan Compensation, Change in Retention Plan Value, Change in Pension Value, Nonqualified Deferred Compensation Earnings and All Other Compensation.

Saunders, the president of the Vancouver and District Labour Council, says that Canadian workers and their pensions are more exposed to risk during market trouble because of the successful campaign over the past decades to move from defined benefit pensions, which guarantee a certain monthly amount when you retire, to defined contribution plans, promoted by market enthusiasts.

Contribution plans shovel a defined amount every month into mutual funds and other stocks, creating pension payouts that can vary widely depending upon the health of the market, as many Canadians are discovering this year as their RRSP holdings have shrunk dramatically.

The problem is that the state - mandated pension plans for school - district employees are defined benefit plans, which means the amount of future benefits is guaranteed and has to be funded by the taxpayers and / or investment income.

The days of a defined benefit pension plan are a thing of the past for most workers and we are responsible for the amount we save for retirement and how we invest that money.

In 2010, Kohlberg sold USIC to the private equity arm of Ontario Municipal Employees Retirement System (OMERS), one of Canada's largest pension plans, for an undisclosed amount.

Only one in five employees in private industry today has a defined benefit pension plan that will pay a fixed amount in retirement.

Defined contribution plans are pension - style retirement plans where the defining factor is the amount of money contributed to the plan.

Number - crunching a pension plan payout election or number - crunching a 401 (k) «payout sustainability» amount are calculations that need to be tailored to the needs of the individual and their comfort level regarding the assumptions used in analyzing the decision options so we won't explore those calculations here.

Plan participants can opt to start receiving their pension anytime between the ages of 60 and 70, with the annual pension amount adjusted down or up on an actuarially fair basis.

One thing I love / hate about pension plans is that some people could use their pension deferral amounts more urgently right now, instead of getting more money in retirement.

County leaders are unsure whether they would participate in what amounts to a pension fund borrowing plan if it passes the Senate and is signed by the governor.

The 401 (k) plans, unlike traditional pensions, do not guarantee a specific amount of benefit payments.

The government pension plan is funded via taxes and pays out a means tested amount, so well to do people get less (possibly nothing) than poor people do.

Governor Cuomo pulled back a bit from his plan to offer, for the first time, a 401k style option for newly hired public workers, saying he's «flexible» on it, but the governor does say he's not bending on the need for a new pension tier with lowered benefits that produces «maximum amount of savings».

Cuomo says he's not «wed» to calling any pension reform agreement a new Tier, if lawmakers agree to a plan that saves the same amount of money.

The governor said the agreement reached on Thursday amounts to a 17 percent increase in salary, offset by «healthcare savings for all employees, and wage, health and pension plan savings for new employees.»

One solution is to make governments pay the necessary amount to their pension plans.

The normal cost is the amount of money a pension plan projects it needs to contribute now to pay benefits in future years.

Both Gov. Andrew M. Cuomo and his predecessor, David A. Paterson, dealt with the problem of rising pension costs by pushing systematic changes through the legislature, including hikes in the amounts of money that teachers and other pension plan participants must contribute from their paychecks.

This is true for all teachers, not just charters, but charters participating in pension plans will have to contribute the same amount as all other schools, even if their teachers aren't benefitting and they weren't responsible for the accumulated debt.

Newly entering teachers working in heavily backloaded plans would rather get a small amount of money upfront than stay in their pension plan.

Newly entering teachers working in heavily backloaded plans should be willing to receive a rather small amount of money upfront rather than stay in their pension plan.

Each province eventually created their own pension plan and in 1949 the monthly amount was the equivalent to $ 360 in today's dollars.

Canada Pension Plan (CPP) and Old Age Security (OAS) pension benefits are specifically excluded from pension income amount eligiPension Plan (CPP) and Old Age Security (OAS) pension benefits are specifically excluded from pension income amount eligipension benefits are specifically excluded from pension income amount eligipension income amount eligibility.

(3) Typical annual amount for Canada Pension Plan and Old Age Security based on retiring at age 65, assuming a fairly long career at average salaries or better.

Join your Company Pension Defined benefit plans are a sweet deal — you're guaranteed a set amount when you retire, and in many jurisdictions, the law guarantees that your employer will contribute at least half of the value of the plan.

Finally, the pension plan guarantees to pay you a set amount in retirement.

Few Canadians outside the public sector enjoy good defined benefit pensions anymore, but many will by then have significant amounts in more modest employer - sponsored plans, or RRSPs and TFSAs.

Certainly, many baby boomers felt TFSAs were too little and too late for their purposes, although they would look with a certain amount of envy at millennials and young investors with a 40 - year investing time horizon ahead of them — indeed, many financial gurus have calculated that merely by maxing out TFSA contributions over such a time frame, that alone would be sufficient to ensure a comfortable retirement: no RRSP or employer pension plan contributions necessary!

Though laudable for trying to protect overfunding, it told plan sponsors that pension plans are roach motels for corporate cash — money can go in, but it can't come out, so minimize the amount you put in.

The latter is the amount of income needed to meet lifestyle requirements after netting out guaranteed retirement income from pensions, annuities and government programs (Old Age Security and Canada Pension Plan).

Listed in the table below is the maximum amount a single person can receive from government pension plans as of 2016.

Defined contribution plan: A corporate pension plan that guarantees the employer will pay a specific amount into the plan each year.

Many near retirees underestimate the amount of Canada Pension Plan (CPP) and Old Age Security (OAS) income they will receive

Superannuation The term «superannuation» is synonymous with a pension benefit and includes any amount received out of a pension fund or pension plan.

Pension Plan - which provides a consistent yearly payment after retirement and also a medicare cover amount.

The size of the pension depends on the amount of money accumulated through contributions and earnings in the plan.

If your employer does go out of business, your pension might be reduced, but by no more than an amount proportional to whatever shortfall exists in the plan.»

The Conservatives warn the Ontario plan will amount to a job - killing payroll tax because it will require contributions from employers and workers in any company that does not have a workplace pension.

The tax code provides that any amount distributed to a pensioner from a qualified pension plan will be taxable to the recipient in the year distributed.