Sentences with phrase «promised pension income»

Thousands of retirees saw their promised pension income reduced, drastically in some cases.

Not exact matches

You can do this by buying income annuities, which promise to pay a set monthly amount for life, just like a pension.

Rising housing prices raise the cost of living, while rising stock and bond prices increase the cost of buying a retirement income — leaving pension funds unable to make good on their promises.

Mr. Harper has promised to introduce legislation, if re-elected, which would prohibit his government from raising personal and corporate income taxes, sales taxes, and employment insurance and Canada Pension Plan premium rates.

This includes the splitting of pension income for seniors, (to make amends for breaking its promise on the taxation of family trusts); special tax preferences to support participation of youth in sports activities, arts and cultural activities; tax breaks for people who take public transit; and, tax breaks to help volunteer firemen.

Because annuities promise guaranteed income, insurance protection and interest accumulation, they can and do act like a pension.

As well as their focus on the constitution with the promise of a bill of rights, their manifesto, Change the Face of Britain, called for permanent prices and incomes policies, better pensions and a minimum earnings level.

Italy's Five Star Movement and the right - wing League parties on Friday agreed a deal to govern the country, promising tax changes, a basic income for the poor and pension reforms.

But if you feel you want more guaranteed income than you'll collect from Social Security and any pensions — and you're willing to take these prudent steps to ensure you're getting a competitive payout and that you can truly rely on the annuity's promise of income for life — an immediate annuity is at least worth considering.

The Liberals and NDP have repeatedly promised not to get rid of pension income - splitting, but that hasn't stopped Employment Minister Pierre Poilievre from repeatedly asserting that the opposition parties would do just that.

The Liberals were the only party to promise to re-instate lifelong pensions for disabled veterans, which were replaced by a controversial lump - sum award, career training and income - replacement programs in 2006.

But, the report cautions, the CPP payment promises rely on assumed returns on investment much higher than actual yields on fixed - income assets suitable for backing that kind of sovereign - grade pension obligation.

Having said that, it's generally expected to pass — the Labor Party, The Greens, and several independents have said they'll support it, and the opposition (generally opposed to anything climate - related) don't have the numbers to block it, although they've promised to repeal it if elected in 2013 (although the total package has been cleverly built, so to repeal it, they'll have to promise to raise taxes on the low & middle income brackets, cut aged & disability pensions, and rely on the «goodwill» of large corporations to lower prices for electricity & other carbon - intensive goods).

Max Life Forever Young Pension Plan is a Unit Linked Pension Plan which takes care of income inflows post retirement and ensures good annuity rates through participation in capital markets and also promises guaranteed returns in case to protect against market volatility

HDFC SL Guaranteed Pension Plan is a traditional non-participating deferred annuity plan which promises guaranteed benefits to take care of post-retirement life by providing steady income