Sentences with phrase «percent pension splitting»

Not exact matches

The split career of the mobile teacher means that she receives two annuities, each of which is for 37.5 percent of final average salary, but the FAS for the first pension is of course much lower.

On April 6, the minimum contribution rate for workers automatically enrolled in qualified workplace pension plans under the auto - enrollment (AE) program increased from 2 percent (split equally among employers and employees) to 5 percent of covered earnings (2 percent is paid by employers and 3 percent by employees).