Sentences with phrase «receive pension»

If neither social insurance record satisfies the qualifying conditions, or if the rate of pension payable is lower than the person was getting before they re-married or entered the second civil partnership, the person will receive the pension they were getting after the death of their first spouse or civil partner.

A pension vests when all the requirements to receive the pension have been met.

Depending upon the type of policy you have, you could receive pension payments for a defined period of time, or for the length of your natural life.

If you receive a pension at retirement, you are offered a few different options.

Take a reduced payout to add a spousal benefit, so when they die, their spouse will receive the pension income.

This helps in building up a significant corpus for the investor to receive a pension.

You can choose the vesting date, which is the date from which you become eligible to receive pension, to coincide with the age from which you would supposedly retire.

The retirement planning becomes easier with the new pension scheme as the pensioners receive a pension depending on their contribution towards the pension plan during the accumulation stage.

You can purchase the policy for minimum of Rs 1.5 lakhs, wherein you will receive a pension amount of Rs 1000 / month.

The rate of interest is dependent upon whether you choose to receive your pension on a yearly (8.30 %), half - yearly, quarterly or a monthly (8 %) basis.

So when it comes time for you to determine how you would like to receive your pension benefits, having a life insurance policy in place could significantly affect your ultimate decision of how you take your pension benefits.

However, the remaining part of the corpus has to be used compulsorily to receive pension from the company as it can not be taken otherwise.

GPO only applies if you receive a pension from a federal, state, or local government based on work for which you didn't pay Social Security taxes and then apply for a spouses, widows or widowers benefit.

You can still qualify for full Social Security spousal benefits even if you also receive a pension from employment not subject to Social Security (for example, CSRS service).

You need to determine what sources of retirement income will be available to you, whether you will be able to collect full Social Security benefits when you retire, if you will receive a pension from any of your employers, and whether you will be able to supplement your income with part - time earnings or rental income.

Do you receive a pension?

Our financial adviser says we're fine without an annuity, but we're still unsure since neither of us will receive a pension.

That's what it's like to receive a pension.

So if you're going to receive a pension and Social Security that's going to cover most of your needs, well then now I have all this TSP plan that's going to be taxed at ordinary income rates as well.

Currently most working people won't receive pension income, and instead will need to rely on IRAs and defined contribution retirement programs like 401 (k) and 403 (b) plans.

If you have nominated a reversionary beneficiary then that person will continue to receive your pension payments until the account runs out and they'll be able to manage the account just as you could before your death.

The employer may also require a certain amount of years of service to receive your pension, but not always.

In subsequent years, it is based on the age of the dependant beneficiary who became automatically entitled to receive the pension upon the member's death.

If your spouse will receive a pension for work not covered by Social Security such as government employment, the amount of their Social Security benefits on your record may be reduced.

Those who receive a pension will need to withhold taxes to avoid having to owe the IRS.

They also have RRSPs and TFSAs that total $ 468,000 plus they will receive pension benefits.

Q: I am 62 years old and I receive a pension from my work.

You typically need to have 10 or more years (40 quarters actually) of contributions to the Social Security to receive a pension in the U.S..

Robert commenced a market - linked pension on 1 March 2007 and continued to receive the pension after 19 September 2007 under the former rules.

You receive the pension amount from this Employees» Pension Scheme.

Their first year, Social Security benefits will total about $ 19,000, plus Sara will receive pension benefits of $ 4,000 from a job she once held.

On top of that, Mary can not receive her pension of $ 3,015 until age 58 — that means that if they stop working at the same time, his reduced pension of about $ 2,300 and reduced CPP of about $ 700 per month would be their only source of income for the first three years.

There are two primary ways that a retiree can receive pension benefits, including accepting ongoing payments through an annuity - style distribution for life, or receiving the cash in one lump sum payment.

Your SSDI benefit is not affected if you receive a pension from an employer who withholds Social Security taxes.

Regardless of when you stop working, you won't be eligible to receive your pension from the Social Security Administration until you reach your 60s.

Will either of you receive a pension?

If you will receive a pension for work not covered by Social Security (such as government employment), any Social Security benefits you may be eligible to receive on your spouse's record may be reduced.

To be eligible for an IPP, you need to receive pension - eligible T - 4 employment income.

Essentially, the WEP can reduce Social Security benefits paid to individuals who receive a pension based on income from an employer that didn't withhold Social Security taxes.

But on demise of the subscriber, the spouse would receive the pension amount and the corpus amount is given to the nominee.

Estimate of spouse benefits for yourself if you receive a pension from a government job in which you did not pay Social Security taxes.

The government relented and she did receive her pension, and when she died in 1915 was buried in her Union uniform.

After retiring, teachers receive pension payments that are based on their years of service and final salary and which are often adjusted for inflation.

No arrest, no criminal charges filed, allowed to resign with a 1 sentence letter and receive her pension: http://www.rep-am.com/​articles/2011/08/22/news/​local/579680.txt Hopeville principal under more fire

In the median state, about half of all new teachers won't stay long enough to receive any pension at all, and only about one - in - six will stay for a full career.

Rising retention rates however translated to increasing costs, and in 2011, Illinois responded by making it more difficult for a teacher to receive a pension.

In fact, the authors estimate that fully two - thirds of all teachers in the California State Teachers» Retirement System will be «pension losers» because either they will be among the 40 percent of new teachers who leave before they satisfy CalSTRS» five - year vesting period, and thus receive no pension, or the value of their pension will be less than what they contributed to the system.

Teachers can vest in the plan after five years, meaning that they become eligible to receive a pension.

Under the new rules, teachers still receive a pension based on their salary, but on their average earnings over their entire career, rather than what they were on before retiring.

This severe penalty is widespread: in most states, fewer than half of new teachers are expected to stay long enough to receive any pension benefits at all (see «Why Most Teachers Get a Bad Deal on Pensions» at educationnext.org).