Sentences with phrase «spousal pension benefit»

We'll also show you how to choose the correct life insurance death benefit to compare to a spousal pension benefit.

A spouse or common - law partner under the age of 35 is not eligible for the spousal pension benefit, unless she is disabled or raising one or more of the deceased contributor's children.

To continue receiving the spousal pension benefits, the survivor must notify CPP of any important changes such as address or bank account.

Survivors who remarry continue to be eligible for spousal pension benefits.

Not exact matches

Among them are the rights to: bullet joint parenting; bullet joint adoption; bullet joint foster care, custody, and visitation (including non-biological parents); bullet status as next - of - kin for hospital visits and medical decisions where one partner is too ill to be competent; bullet joint insurance policies for home, auto and health; bullet dissolution and divorce protections such as community property and child support; bullet immigration and residency for partners from other countries; bullet inheritance automatically in the absence of a will; bullet joint leases with automatic renewal rights in the event one partner dies or leaves the house or apartment; bullet inheritance of jointly - owned real and personal property through the right of survivorship (which avoids the time and expense and taxes in probate); bullet benefits such as annuities, pension plans, Social Security, and Medicare; bullet spousal exemptions to property tax increases upon the death of one partner who is a co-owner of the home; bullet veterans» discounts on medical care, education, and home loans; joint filing of tax returns; bullet joint filing of customs claims when traveling; bullet wrongful death benefits for a surviving partner and children; bullet bereavement or sick leave to care for a partner or child; bullet decision - making power with respect to whether a deceased partner will be cremated or not and where to bury him or her; bullet crime victims» recovery benefits; bullet loss of consortium tort benefits; bullet domestic violence protection orders; bullet judicial protections and evidentiary immunity; bullet and more...

FitzGerald says Judy and Peter are probably better off taking the higher monthly pension instead of any spousal benefits or guarantees.

Without the provision, a worker could feasibly collect both his / her own pension and a spousal / survivor benefit.

The correlating reduction in the worker's spousal or survivor benefit is known as the Government Pension Offset (GPO).

One is that you're not interested in earning a Social Security benefit because you want to avoid having your spousal Social Security benefit reduced by the Public Pension Offset.

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).

But the Social Security law contains a Public Pension Offset (also called the Government Pension Offset) to reduce or eliminate Social Security spousal benefits for most Federal retirees (those receiving recurring retirement payments).

But the Social Security law contains a Public Pension Offset to reduce or eliminate Social Security spousal benefits for most Federal retirees (those receiving recurring retirement payments).

One is that you're not interested in earning a Social Security benefit because you want to avoid having your spousal Social Security benefit reduced by the Public Pension Offset (also known as the Government Pension Offset).

It also has the advantage of having a spousal benefit if a recipient dies, which reduces some of the risk of deferring the pension.

Some of an employee's spousal Social Security benefit may be offset if the employee has a government pension from work not covered by Social Security.

If the Government Pension Offset applies, the spousal Social Security benefit will be reduced by two - thirds of any Federal pension based on employment not covered by Social SePension Offset applies, the spousal Social Security benefit will be reduced by two - thirds of any Federal pension based on employment not covered by Social Sepension based on employment not covered by Social Security.

Instead of dividing the military pension with an order complying with the Qualified Domestic Relations Order provisions, the husband agreed in an atypical Property Settlement Agreement to pay to wife one - half of of his monthly military pension as spousal support or alimony, without a separate court order or any election of survivor benefits.

The Canada Pension Plan pays survivor's benefits to only one spouse; the Old Age Security spousal allowance can only be paid to one partner.

Under the FRA, at the time the spousal declaration was signed the Appellant was presumptively entitled to the whole of the pension benefits should Mr. Tarr predecease her.

With all defined benefits plans, at retirement, you must make an election to take 100 % of your retirement benefits (with no survivor or spousal benefits at your death) or take a reduced pension to guarantee a continuing income to your spouse in the event of your death.

So, by accepting your full $ 4,500 per month pension and buying life insurance separately, you are putting $ 600 more in your pocket each month ($ 7,200 per year) compared to the spousal benefit.

Once you understand how much protection you need, you can get ballpark figures for life insurance rates and compare the cost difference between full pension + life insurance vs. spousal benefit with no life insurance.

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

Life insurance can provide the same protection for your spouse that you seek in the spousal benefit, and in many cases, the numbers are favorable in comparing the cost of a life insurance policy vs. the amount of money left on the table for a pension with surviving spouse benefits.

A pension with a spousal benefit is void after the spouse dies.

For example, if your full pension pays $ 4,500 per month, taking the spousal benefit might drop your payout to $ 3,700 per month.

For example, if you have a $ 100,000 pension spousal benefit and a $ 100,000 life insurance death benefit side by side, the pension payout becomes more like $ 70,000 after taxes, while the life insurance payout holds at $ 100,000.)

Accept the full pension over their entire lifetime with no spousal benefit, meaning when they die, any money left in the account is absorbed.

Retirees and their spouses alike tend to prefer pension maximization over the spousal benefit in a pension.

If you are approaching retirement and considering whether to take your full pension or the reduced spousal benefit, life insurance can be a means of «having your cake and eating it, too.»

Speaking of retirement, if you're fortunate enough to have a pension plan, you will be faced with the decision of whether to accept the full pension or a reduced spousal benefit.

The same - sex couples who initiated the lawsuit allege that Arizona wrongfully denied their spousal privileges, like pension benefits and survivorship rights, according to the Associated Press.

Do you understand pension valuations, social security benefits, tax consequences of spousal support and dependency exemptions?