Sentences with phrase «pension plan tenure»

Not exact matches

But the governor's plan would effectively give him ownership of the state's massive public school system, and would be among the most ambitious changes he's pursued in his governorship, a tenure that so far has included legalizing same - sex marriage, strengthening gun control, creating a statewide property - tax cap and reforming the state pension system.

Most profs have tenure and can not be fired (kind of the same thing) and defined contribution pension plans, not defined benefit plans.

The problem though is whenever «our fair share» gets introduced by those touting certain areas of «unfairness» within industry, despite having a defined benefit pension plan and a tenured position themselves.

A type of pension plan in which an employer / sponsor promises a specified monthly benefit on retirement that is predetermined by a formula based on the employee's earnings history, tenure of service and age, rather than depending directly on individual investment returns.

Buying a longer tenure deferred pension plan would ensure that you utilise these 20 - 25 years in deferring the plan and making premium payments.

A pension plan with a longer tenure is desirable because the power of compounding works on longer tenures and yields a higher amount of fund.

If the pensioner is able to survive the policy tenure and the plan has matured, s / he is eligible to receive the purchase price along with final pension installment.

A unit linked pension plan which promises market linked returns for a better corpus at the end of the tenure.

The sum assured is the life insurance cover that the insured receives during the tenure of the pension plan.

In case of death of the insured during the plan tenure, a benefit higher of 105 % of all premiums paid including any top - up premiums paid or aggregate premiums paid including any top - up premiums compounded @ 1 % or the available balance in the Individual Pension Account is payable to the nominee

A defined benefit pension plan is a type of pension plan in which an employer / sponsor promises a specified monthly benefit on retirement that is predetermined by a formula based on the employee's earnings history, tenure of service and age, rather than depending directly on individual investment returns.

If Pensioner commits suiside during the tenure of pension plan, nominee / legal heirs would get the entire purchase price of the pension plan.

3) Maturity Benefit: If the pensioner survives till the end of the policy tenure, they would get the purchase price of the pension plan along with last installment of the pension amount.