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 ?
Clive Bolton, managing director of retirement solutions at Aviva, said: "The State Pension should be the foundation on which all other retirement savings are built.
If you have been contracted-out of the Additional State Pension this means you paid less Nl into the State system and built up some private pension instead.
Saga communications director Paul Green said: "One million people are now still in work beyond the state pension age, and are continuing to contribute to the economy by paying more tax and spending more money.
State Pension top up can give pensioners an extra Au1 to Au25 a week in exchange for a lump sum payment.
The move means in April 2014 the basic State Pension will rise by 2.
For far too many people, the State Pension has become the default income option in retirement.
Pensions minister Steve Webb said: "We want to end the uncertainty for women waiting to learn what their state pension age is and we will be communicating with those affected so that they can properly plan for their future.
The group warned that people planning to rely on the state pension for their sole income during retirement are likely to be in for a shock, as the basic state pension currently pays Au95.
Work and Pensions Secretary Alan Johnson said he was considering a 'citizen's pension' - a flat rate benefit based on residency - because everyone was entitled to retire on the basic state pension and women had contributed by raising families.
Q I RETIRE soon and have figures from various company pensions, but how do I find out how much my state pension will be?
To defeat Blakeman, McCall will have to galvanize civil service workers, state pension fund members and black voters on the strength of his record of managing the fund.
The Pensions Commission proposes raising the qualifying age for the state pension to 66 between 2020 and 2030, and to 67 between 2030 and 2040 and 68 by 2050.

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