Out of that grew the State Retirement Pension we have now, which men get from 65 and women from 60.
BBC: NEWS | Programmes | Working Lunch | Pensions: Past, present and future
But when equities held indirectly mutual funds and retirement pension accounts (excluding final-salary schemes) are included, the exposure of British households remains relatively high.
Lawyers argue that the state retirement pension is a possession which has been paid for and should not be arbitrarily taken away from people.
It is possible to apply an "abatement" to cut the amount paid by a retirement pension if someone returns to work with the employer they left.
For example, instead of people automatically getting the 14% rebate, we would require them to show that they have health insurance and a retirement pension as a condition.
Its roots go back to Bismarck, the 19th-century chancellor who gave Germans the retirement pension and may therefore be remembered, with a small effort of goodwill, as the father of social security.
It is estimated that 100 percent of union plan participants and more than 99 percent of non-union plan participants will receive the full amount of normal retirement pension benefits that have already vested.
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The punishment does not affect West's eligibility for retirement and pension, Puckett said in a statement.
The financial fallout -- bank failures, risking a stock market crash, worthless retirement and pension funds -- could kill us.
In Louisiana a new law was passed in August 2004 relating to state and statewide public retirement or pension systems, funds and plans.
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Similarly, the NHLPA could say that it is only willing to accept a lower share of HRI if additional retirement and pension benefits are negotiated for players.
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Given the expected decreases in employer- and government-funded retirement programs like pension and Social Security, future retirees will have to bear a greater burden for securing their retirement.
He wants to get permanent disability, essentially a medical retirement with a pension and lifetime health insurance for him and his family.
These include one measure to delay the age of retirement on full pension for women, another to abolish the state minimum pension and replace it with a sliding scale, and a third to reform health schemes run by trade unions.
Other large tax expenditure provisions that I did not include in this experiment include the earned income tax credit, the child credit, the exclusion of employer provided and self-employed health benefits, and the present law treatment of various forms of retirement income and pension plans.
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The states have promised big pension and retirement benefits to their employees without putting aside money to pay for them.
Investors include some government and private sector pension and retirement funds, a number of charitable foundations, university endowments, sovereign wealth funds and insurance companies.
The unnamed Quadrangle executive met with the political consultant in December 2003 to talk about an investment from the retirement fund and other pension funds.
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The unions, for their part, drop hints in private that they would be prepared to accept something less than retirement on a full pension at 60.
Pension and retirement plans all over America have lost value.
They included postponing the retirement age and reducing pension benefits.
If they dared jump in mid-career to another firm, they'd lose a lot of what they had earned in retirement benefits, because pension credits were not adjusted for inflation.
Companies that once helped shoulder the retirement burden through funded pension plans are cutting back their commitments now that low investment returns, low interest rates and higher life expectancy have created frightening deficits.
To be sure, 457 and 403(b) investors generally are also participants in public pensions which will be their retirement mainstays, but pension benefits are being trimmed and, I predict, will continue to be.
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With a defined benefit plan, the employer put money aside for you in a safe place and, based on your pay and years of service, you were entitled to a pension upon retirement.
After all, they may have to compete for jobs with a new generation of educated workers from rising economies like China and India, save for a retirement without a traditional pension and lower Social Security and Medicare benefits, and face higher tax rates to pay our growing national debt.
If you are self-employed, or don't have an occupational pension, then any money you want at retirement will have to come from your own savings, and the main savings vehicle that people use for retirement planning tends to be a personal pension.
That said, it's no longer the final salary which determines the pension paid in retirement.
For many, the most important saving they have is for a pension for their retirement .
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