Sentences with phrase «pension plans permit»

On maturity, pension plans permit investors to withdraw only one - third of the accumulated corpus tax - free, and the balance amount goes towards purchasing an annuity plan.

Not exact matches

Miner opposed the governor's plan to bail out financially struggling cities by permitting them to borrow against their own public pension systems.

«Stevenson argues that identifying his pension plan contributions as a substitute asset and permitting seizure by the Government was [in] error as those contributions are protected by... the New York State Constitution,» said the three - judge panel.

«Stevenson argues that identifying his pension plan contributions as a substitute asset and permitting seizure by the Government was error as those contributions are protected by... the New York State Constitution,» said the three - judge panel.

Even when terminal funding was permitted (back in the 1980s to early 90s)-- where plan sponsors could buy annuities from insurers to free themselves from their pension obligations, it typically wasn't a big business, and what did get done transferred credit risk from the plan sponsor to the participant.

B.C., another worker - rich province that also holds a fair bit of sway in the talks, says a modest expansion of the pension plan should happen «when economic conditions permit.»

The Canada Pension Plan Act permits you to assign a portion of your retirement pension to your spouse or common - law pPension Plan Act permits you to assign a portion of your retirement pension to your spouse or common - law ppension to your spouse or common - law partner.

A LIF account is a form of RRIF to which you may transfer your locked - in retirement funds from a locked - in RRSP (LIRA) or a registered pension plan, if permitted by the pension legislation governing the locked - in funds.

However, for service contributions made after March 22, 2011, the cost of the past service must first be satisfied by transfers from RRSP assets (as well as money purchase registered pension plan assets) belonging to the IPP member or a reduction in the member's unused RRSP contribution room before new past service contributions are permitted.

Unilateral deductions are only permitted as required by law, such as income tax, Canada Pension Plan and Employment Insurance, or as otherwise agreed to by the employee, generally, to pay in whole or in part for such benefits as life insurance or a drug pPlan and Employment Insurance, or as otherwise agreed to by the employee, generally, to pay in whole or in part for such benefits as life insurance or a drug planplan.

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(4) Subsection (3) does not apply to a pension plan that is a successor of a pension plan registered under the Pension Benefits Act, being chapter 373 of the Revised Statutes of Ontario, 1980, that permitted such a redpension plan that is a successor of a pension plan registered under the Pension Benefits Act, being chapter 373 of the Revised Statutes of Ontario, 1980, that permitted such a redpension plan registered under the Pension Benefits Act, being chapter 373 of the Revised Statutes of Ontario, 1980, that permitted such a redPension Benefits Act, being chapter 373 of the Revised Statutes of Ontario, 1980, that permitted such a reduction.

On October 15, 2014, the Nova Scotia government introduced legislation that will, if passed into law, permit Pooled Registered Pension Plans (or «PRPPs») in NS:

(c) if the pension plan so permits, for the purchase for the former member of a life annuity that will not commence before the earliest date on which the former member would have been entitled to receive payment of pension benefits under the pension plan.

As reported by The Time of India, the additional transport commissioner, Mr. SB Sahasrabuddhe, has directed all regional transport officers across the state to ensure enrollments of auto rickshaw drivers for pension and insurance plans while renewing permits and issuing vehicle fitness certificates.

Maximum pension plans will permit individuals to avail annuity payouts on a monthly, quarterly, half - yearly or every year basis.