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 ?
By contrast, in Australia old-age pensions and the lack of revenue to cover their costs led to the first-ever federal budget deficit in 1909.
60) Old-age pensions were comprised of two components: a minimal base part, which would be warranted and common for everybody who satisfied the requirements for retiring, and an insurance part, the amount of which would be differentiated and dependent upon the insurance service length and the amount of individual payments put into the account.
The state declares that old-age pensions have both an immediate objective--'to alleviate hardship among older people'--and a broader objective to help to tackle aggregate poverty, in that elderly pensioners support many other poor people in their households (Pakade 2006: 24-6).
In this case, increasing old-age pensions actually produce a negative lifetime income effect, which reduces health purchases and ultimately longevity.
More important from a public finance and long-term labour supply perspective was the introduction of a means-tested supplement to the basic old-age pension (pensionstilskott) (1969).
Moreover, old-age pensions available to some categories of workers at the age of 60 (including unemployment pensions) will also be subject to actuarial reduction.
FDR's compulsory old-age pension program was nearly stricken from his grander "economic security bill" in the House Ways and Means Committee and again on the House floor, where an amendment to strike the program mustered a third of the votes cast.
The Amato reform implied a reduction in the level of old-age pensions for workers with real earnings growth exceeding 1 per cent.
According to June 9 figures from Eurostat, the EU's statistical bureau, government expenditure on old-age pensions (the state pension paid to those who have reached the statutory retirement age) further increased its predominance, accounting for 76.
SSPF chair Salim Muslimov says that at primary stage the automatic assignment of pensions will be granted only on old-age pensions.
Social insurance old-age pensions and disability pensions should be reimbursed once the economic recession is over.
Government expenditure on old-age pensions (the state pension paid to those who have reached the statutory retirement age) exceeded all other kinds of pension expenditure, such as early-retirement benefits and partial pensions.