pension

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pension

(1) A regular payment plan intended to provide a person who retired from a job with a secure income for life.
(2) A monthly payment from a pension.
References in periodicals archive ?
Save on administration fees by consolidating over 100 local government pension funds into eight super-funds based on regions.
It was also recently named as one of six custodians listed by National LGPS Frameworks from which local government pension schemes can procure custody and related services, Northern Trust said.
Enacted in 1977, the offset was designed to prevent those earning government pensions and Social Security spousal or survivor benefits from ``double-dipping,'' or obtaining the maximum benefit under both systems.
In 2009 the investment managers managed to lose (somewhere ) 20 per cent of the value of the UK's local government pension funds investments.
Overall, spending on local government pensions rose 13% last year to hit pounds 4.
But they are leaving members of the Local Government Pension Scheme out in the cold.
As the average local government pension is pounds 4,000 a year, Tony Higham, regional organiser of T&G union, said: "They just can't afford to lose it and morally it's wrong - that's our case.
Intended to promote sound public retirement system policies and administration by disclosing comprehensive information from the public retirement system community, the Public Fund Survey covers more than 85 percent of all state and local government pension assets and plan participants in the U.
Norfolk County Council, on its own behalf and on behalf of Essex Pension Fund, Hampshire, Kent, Northamptonshire and Suffolk County Council (the Founding Authorities) wish to let a multi-provider framework agreement for the provision of Passive Investment Management Services primarily in support of the Local Government Pension Scheme (LGPS).
I say that because UK local government pension funds administered by local government for its non-teacher and non-firefighter employees are the surprise powerhouses of investment.
It urged local authorities to plug the shortfall by using alternative sources of funds, such as the Local Government Pension Fund, municipal bonds and council reserves.
Most councillors in Middlesbrough will not get the chance to join the local government pension scheme on Teesside.

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