Gender inequality does not affect only the average salaries received by men and women doing the same job, but also their retirement pension
The new military retirement system combines the traditional legacy retirement pension
with a defined contribution to service members' Thrift Savings Plan account.
The final retirement pension
is the average of the salaries in these two independent periods.
Now, for three employees, one pensioner is in the labor force, whereas in 2040 fewer than two workers will have to fund the retirement pension
For nearly 50 years I paid towards my state retirement pension
and have just received a pension increase of PS3.
My own state retirement pension
was reduced when I became a war widow, my war-related pensions will rise via inflation, which is zero, my reduced state retirement pension
will rise by 90p per week.
The P5,000 monthly retirement pension
is their sole source of food and medication.
We would move to a situation where, like the United Kingdom, Australia and New Zealand, we would develop a supplementary pension model which would allow people to save, over and above the State retirement pension
, and I think there is some scope for reform there.
Korea has a number of systems in place to guarantee that the elderly have a source of income: The National Pension Plan was introduced in 1988, personal pension plans were introduced in 1994, and retirement pension
plans were introduced in 2004.
Abdullah bin Mohammed Al-Abduljabbar, Director General of Insurance Information and GOSI Official Spokesman, said in a statement "The Annuities Branch of the Social Insurance Scheme provides many benefits, including old-age pension, early retirement pension
, non-occupational disability pension, death pension and lump sum compensation.
Whilst one might justify that for firemen and policemen, it is not fair to do that in general when the rest of us are having our state retirement pension
deferred until we are 69 or 70.
On the other hand, the members of the Committee stressed the importance of giving the right to benefit from the pension of the deceased's heirs if the parents are under the umbrella of the Fund so as not to give only one retirement pension
of the deceased parent, demanding the CSPF management to reconsider that article because the parent paid the retirement contributions for the duration of the service.