Sentences with phrase «receiving pension payouts»

Retirees who returned to work later in retirement or who have begun receiving pension payouts might consider using this strategy, also called the «start, stop, start» strategy.

Not exact matches

The CFIB, in other words, represents a number of shops whose employees are paid substandard wages with no in - house pension plans, and who can get away with it because the taxpayer is topping up the low CPP / QPP payouts their employees receive on retirement.

Overtime - eligible state workers receive 1 1/2 times their regular pay, which in turn affects pension payout calculations.

Earlier today, our own Steven Greenhut noted the dire situation in Marin County, California, where staggering pension costs are being driven by a handful of retirees receiving huge payouts.

She has received a pay out on the defined - contribution pension plan Sears started in 2008, but is still waiting for payout of the defined benefit plan it replaced — both have to be reinvested in locked - in accounts until retirement.

Sixty - eight percent (68 %) of the cash pension payout the husband received in each year was added to his income for support purposes.

«Martin decided to take a lower monthly payout on his pension so upon his passing his wife would receive a monthly death benefit to keep her income stream intact.»

In that sense, annuities can be compared to pensions, though unlike pensions, you may opt to receive the annuity on different payout frequencies.

Under this HDFC pension plan, on vesting, the proceeds are payable to the policyholder who can either choose to receive annuity payouts from the entire corpus or withdraw 1 / 3rd of the corpus as cash and receive annuity payouts from the remainder 2 / 3rd of the corpus which shall be taxable.

On the other hand, a joint - life payout allows both the owner of the pension plan and their spouse receive a monthly payment until they both pass away.

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

The pension coverage may be tweaked to receive lump - sum payouts in the event of critical ailments or disabilities because of accidents.

When the employee dies, the pension payout stops; however, the spouse then receives a large death benefit payout (tax - free) which can be invested and uses to replace the taxable pension payout that has ceased.

After reviewing his pension plan, George realized that the single - payout option from his pension would allow him to receive $ 5,500 per month until he passes away.

With a single - payout pension, the pension earner will receive a larger monthly pension check but these monthly payments will stop when the pension earner passes away.

Annuity is the regular payout you receive and is similar to pension in this policy.

A pension plan is a plan in which you pay once and you start receiving pension at a pre-decided frequency (choice of yearly, half yearly, quarterly, monthly payout options) for life with a guarantee of return of full purchase price in case of death of policy holder.

However, the payments will not necessarily begin until the spouse that earned the pension would be entitled to receive a payout.