lump sum

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Related to lump-sum: Lump-Sum Tax

lump sum

Medspeak-UK
A one-off payout that one receives upon retirement with the NHS, which is equivalent to 3 times one’s annual pension.

Medspeak-US
A one-time payment—e.g., from the 401(k) plan made to a worker’s beneficiary in the event of death.
References in periodicals archive ?
TEI understands that for financial statement purposes most users of NPCs amortize nonperiodic lump-sum payments on a straight-line basis.
To determine a participant's lump-sum entitlement, add up the percentages for each year of service and multiply that number by the final average pay.
IRS Letter Ruling (TAM) 200502041 held that a portion of a lump-sum payment made to settle claims arising under the False Claims Act (FCA) was a nondeductible fine or similar penalty within the meaning of Sec.
The lump-sum benefits are convertible to an eligible cash-value life policy before the 20th policy anniversary or the anniversary nearest the insured's 70th birthday, whichever comes first.
Under Internal Revenue Code section 402(e)(4)(b), if the taxpayer receives the employer stock as part of a lump-sum distribution, then he or she will be taxed currently only on the stock's cost of $20,000 and the net unrealized appreciation of $80,000 can be tax deferred.
Although the plan's lump-sum feature requires the portfolio managers to keep a closer eye on the level of liquid assets, the overall trust-fund investment strategy has been unaffected, since the company still retains the benefit liability for a large number of retired and terminated vested participants.
In addition, as previously discussed, beginning in the year 2000 the Act eliminates five-year forward income averaging for individuals who receive qualifying lump-sum distributions.
05 increase in future retirees' monthly pension rate for each year of credited service and a 50-cent increase for current retirees and two $125 lump-sum payments to current retirees.
CB&I executes on average more than 700 projects each year and is one of the world's leading engineering, procurement and construction (EPC) companies, specializing in lump-sum turnkey projects for customers that produce, process, store and distribute the world's natural resources.
Under the lump-sum plan, players must choose at the time they make their bet if they want a single check.
As long as the IRS requirements have been met, a recipient of a lump-sum distribution from a qualified plan may elect to have.