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 ?
As noted in the Preface, "this sixth edition reflects the myriad changes brought about by the Omnibus Budget Reconciliation Act of 1987, the Tax Reform Act of 1986 (TRA 86), the Consolidated Omnibus Budget Reconciliation of 1985 (COBRA), the Single Employer Pension Plan Amendments Act of 1986 (SEPPA), and the Age Discrimination in Employment Amendments of 1986.
Were it allowed to develop its own private pension plan, Amtrak could provide all the benefits the railroad retirement system currently pays to its employees, pre-fund all future benefits, and still save at least $20 million a year--even if its workers made no contributions to such a plan.
Contrary to common perception, pension plans are not obsolete and still provide benefits to significant numbers of employees," said Alison Borland, a senior benefits consultant at Hewitt.
All 29 other dioceses of the Anglican Church of Canada participate in the General Synod pension plan.
5 billion in securities in exchange for taking over the airline's four under-funded pension plans.
The decedent, age 62, was not receiving benefits from his pension plan or IRA accounts prior to his death on Dec.
Experts say, however, that public pension plans tend to make better investment decisions than the average 401(k) holder because they are run by full-time investment professionals, while individual employees have a tendency on the whole to make more conservative investments.
Traditional defined benefit pension plans have taken a backseat--in perception if not in reality--to their defined contribution counterparts for the better part of the past two decades.
The report, Fair Pensions for Future Generations, Tripled Tax Rates & Prospects for Reform, A taxpayer's Guide to the Canada Pension Plan, was researched and authored by former CTF'S B.
For instance those earning over $170,000 previously were unable to fully benefit from their company's pension plan since only the first $170,000 of compensation could be considered in computing benefits and contributions.
Pension plans also are offered by the publicly run Unit Trust of India's Retirement Benefit Plan and Kothari Pioneer, which is a mutual fund set up by U.
Because fixed-income investment is always a part of a large pension plan, fixed-income managers were also in the loop.