Sentences with phrase «reduced pension payout»

The new system reduces the pension payouts to 40 % of your base pay if you stay for 20 years, or 60 % if you stay for 30 years.

The new system reduces the pension payouts to 40 % of your base pay if you stay for 20 years, or 60 % if you stay for 30 years.

Not exact matches

I'd like to think this was partly because of the Tory campaign against him on helping ruin the pension funds (I say helped, not all his fault because poor stock returns and longer life expectancy has reduced the payouts aswell).

The reduced payout stems from a pension change enacted five years ago that says police officers and firefighters hired after July 2009 who become disabled in the line of duty are no longer eligible for a traditional tax - free pension calculated at three - quarters of their final year's salary.

That said, lump sum payout offers often are attempts by the plan sponsor to reduce overall pension liability.

While he had a generous pension, the payout was reduced for early retirement and was much less than his salary.

The study finds DB pensions reduce the annual payout of GIS by $ 2 to $ 3 billion a year, which is a savings for Ottawa.

It can also make sense where you have a good pension that your spouse is heavily dependent on and the payouts to your spouse will be sharply reduced when you die.

Evidently, pressure is building from the very top that RPI is a discredited measure of inflation which should be abolished to save the government money; but many employee pensions are linked to RPI, and unions would strongly oppose any attempt to shift to a less volatile measure which would reduce payouts, such as the consumer price index (CPI) or the ONS» preferred index, «consumer price inflation including owner - occupiers» housing costs» (CPIH).

The only way to get a lump sum with a pension is to accept a greatly reduced payout.

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

A joint - life payout provides a reduced payment to the pension earner and their spouse.