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 ?
A statement issued by the SECP said that at present, there are 17 pension funds, out of which nine are Sharia-compliant.
On 6 April 2016, the new State Pension will be introduced for women born on or after 6 April 1953, and men born on or after 6 April 1951.
What immediate issues will individuals with high pension savings have to address for the tax year 2011/2012?
consider the actuarial calculations concerning pensions and life annuities: the insurance company (or the pension plan) must adopt an appropriate forecast of future mortality in order to avoid underestimation of the related liabilities.
Thus, under the previous facts, X would be treated as having been the original owner of the interest in the pension, just as was the case when a partnership was involved.
PBGC is not funded by general tax revenues, but by insurance premiums set by Congress and paid by sponsors of defined benefit plans, investment income, assets from pension plans trusteed by PBGC and recoveries from the companies formerly responsible for the plans.
Delta Air Lines filed documents yesterday with the Pension Benefit Guaranty Corp.
filed for bankruptcy and the company's pension plan was turned over to the Pension Benefit Guaranty Corp.
Already facing deficits of more than $110 billion, public-employee pension plans in Los Angeles and elsewhere in the state have overestimated future investment income in a move that could imperil the systems and require taxpayer bailouts, former Mayor Richard Riordan and other financial experts warn.
The Anglican Church of Canada's $519 million pension fund is financially healthy, but membership is aging and this is a source of concern for the future, according to reports presented to COGS.
In April 2005, a new regulator--was established in the United Kingdom to oversee company sponsored pension plans.
How these rules apply to pension plan distributions has been explained in several court cases.