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 ?
Heirs of 12268 martyrs have been determined with the right of a lump-sum in total.
'For now, we have agreed to set aside discussions on the lump-sum funds.
About 12% said they had used a significant amount of the lump-sum cash to pay for vacations, and 1% said they had used a significant amount to pay for boats, jewelry or other luxury items.
Numerous theoretical and empirical studies have reported that a one-dollar increase in lump-sum aid has much stronger fiscal impacts on recipient governments' expenditures on the aided service than an equal amount of increase in consumer-voters' income does.
Participants will receive lump-sum payments valued at approximately USD216 million from the pension trust, reducing the plan's projected benefit obligation by slightly more than the lump-sum amount by the end of 2016.
Companies can use two kinds of transactions to reduce their pension obligations: the offer of lump-sum buyouts to plan participants or the purchase of an annuity from an insurance company, which effectively transfers responsibility for a certain portion of plan participants to the insurer.
"Activity [connected with lump sum windows] increased in 2014 as a confluence of events -- new mortality expectations, increased [Pension Benefit Guaranty Corporation] premiums, improved funded status, movement in interest rates, extended funding relief, and additional focus on managing pension risk -- encouraged many plan sponsors to move forward with lump-sum windows," the report states.
In the past, corporations didn't offer lump-sum pension payouts too often.
The deferred withdrawal facility will allow subscribers to remain invested in the NPS and defer the lump-sum withdrawal for ten more years.
The minimum lump-sum special consumption tax was also increased from TL 21.58 TL to TL 25.25 per liter of alcohol whose volume is 18 percent or less.
The Wall Street Journal gleefully reported that Janet Robinson -- The Times Co.'s former chief executive -- is eligible for the lump-sum payment.
The IRS has ruled that implementing pension plan amendments to provide participants with a lump-sum cash payment instead of traditional annuity payments will not cause the plan to be disqualified for failure to satisfy the IRC Section 401(a)(9) qualification requirements.