Pensions


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Related to Pensions: state pensions

Pension

A retirement plan in which an employer makes a contribution into an account each month. The contributions are invested on behalf of an employee, who may begin to make withdrawals after retirement. Typically, pensions are tax-deferred, meaning that the employee does not pay taxes on the funds in the pension until he/she begins making withdrawals. Pensions may have defined contributions, defined benefits, or both. See also: 401(k), IRA.

Pensions

A pension is a definitely determinable series of payments received from an employer-provided plan after the employee retires.
References in periodicals archive ?
A QUARTER of a million widows and widowers are now receiving a boost to their state pension because their spouse died before reaching OAP age.
This complexity has increased the need for careful planning around pensions since the introduction of the pensions freedoms, which moved the retirement planning goal posts.
In this regard, it is proposed to index social pensions by 2% from April 1, 2019.
Of the total number of pensioners, more than 99.38 percent or 2.4 million pensioners receive their 13th- month and regular pensions through SSS-accredited partner banks, while the remaining 0.62 percent or more than 15,000 pensioners receive their cash benefits through checks.
MUZAFFARABAD -- The Azad Jammu and Kashmir (AJK) government is contemplating increasing pensions of former presidents by 150pc 'to make it commensurate with their status'.
The Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) have joined forces to urge the public to "be on their guard" when receiving unexpected offers about their pension and to check who they are dealing with.
GLICO PENSIONS is the newest member of the GLICO GROUP.
But the other major sticking point is the sheer complexity of pensions.
Working out your pension More than 40% of people taking the survey said they understood little or nothing about how pensions worked.
Last week I wrote an article about ballooning pension liabilities of the government and estimated that if both the federal budget and pension expenditure keep on growing at the current rate, by 2050 the pensions would claim 56% of the federal budget, leaving hardly any money for defence, development and other heads.
That's why we need to have a chat about pensions and retirement planning.