Annuity plans are those plans which provide a steady
stream of pension payments after retirement so that the policyholder can plan for his retirement needs.
Pension wealth is the present discounted value of
the stream of pension payments she can receive, discounted for survival probabilities.
Pension wealth is the cash value of the expected future
stream of pension payments at various points in an educator's career.
Not exact matches
In principle, this
pension wealth represents the market value
of the associated annuity: it is the size
of the 401 (k) that would be required to generate the same
stream of payments.
A self - managed super fund (SMSF) can pay benefits in the form
of a lump sum, an income
stream (
pension) or a combination
of both, provided the
payment is allowed under super law and the fund's trust deed.
A
pension is a series
of regular
payments made as a super income
stream (this does not include government
payments such as the age
pension).
Calculate a present value for a
stream of payments (i.e., Social Security,
pension & etc.), add this to your retirement portfolio and then calculate the equity allocation you are comfortable with.
A SPIA is a pure «transfer
of risk» lifetime income
stream that functions just like your
pension payment or Social Security
payment.
If a fund fails to meet the minimum
pension payment requirements in an income year, the super income
stream will be taken to have ceased at the start
of that income year for income tax purposes.
The combination
of a retiree's
pension benefit
payments and Social Security benefits produces a more level combined income
stream than a typical annuity does.
Apart from life cover, a
pension plan provides a protection
of regular
stream of payments after the person retires.