retirement pension


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retirement pension

n
(Social Welfare) a pension given to a person who has retired from regular employment, whether paid by the state, arising from the person's former employment, or the product of investment in a personal or stakeholder pension scheme
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.retirement pension - a monthly payment made to someone who is retired from work
pension - a regular payment to a person that is intended to allow them to subsist without working
Translations
Ruhegeld
References in periodicals archive ?
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.
In its modified offer of 5 November Lufthansa offered to compensate any employee ceasing gainful employment before reaching the statutory retirement age for the corresponding reduction in their state retirement pension a pension provision unparalleled at any other company.
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.
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.
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.
For example a couple who receive PS650 occupational pension and PS550 state retirement pension per month without the means test may lose some or all of the PS650 with the means test.
While many dream of retiring early, they may not realize the implications if they choose to take their CPP retirement pension before turning 65.
It originally started in 1911 and was, and is, a mandatory contribution (tax in other words) to insure against illness and unemployment and later to provide a retirement pension and other benefits.
Youssef Al-Zalzalah said here Wednesday that the committee agreed in its meeting today on raising the ceiling of retirement pension to KD 1500.
Whichever is the greater of these sums will be the actual increase in state retirement pension.
In the future, we must also ensure a retirement pension of at least 40 percent of the average wage to pensioners," Ansip said.
For working people, with only little or no access to a company pension, the state retirement pension is a wholly inadequate income.

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