retirement benefit


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Related to retirement benefit: Early Retirement Benefit
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.retirement benefit - 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
References in periodicals archive ?
Voit (CCH, 2004), is divided into two parts--valuing retirement benefit plans and drafting qualified domestic relations orders (QDROs) and non-Employee Retirement Income Security Act of 1974 (ERISA) plan orders.
The less detailed tax and Social Security retirement benefit calculations used in traditional financial-planning software also explain some of the differences between the two programs' coverage recommendations, according to the study.
In contrast, early retirement subsidized benefits are coordinated with other retirement benefits to offer a level floor monthly benefit amount at the same time that it keeps the value of the retirement benefit fairly constant following the date that the subsidy could be elected.
A plan amendment that retroactively (i) eliminates or reduces an early retirement benefit or a retirement-type subsidy (as defined in regulations), or (ii) eliminates an optional form of benefit is treated as reducing accrued benefits.
They would also get a tax-funded retirement benefit that would vary with their tax contributions.
Service members can also receive Social Security in addition to military retirement benefits. The good news is that your military retirement benefit generally does not reduce your Social Security retirement benefit.
The new legislation will allow retired firefighters to perform as volunteer firefighters for a volunteer department without it affecting their current retirement benefit but also without it counting as an accrued retirement benefit against the state's pension plan.
The responsibility to withhold tax on retirement benefits depends on whether the retirement benefit is considered taxable, which shall be determined by the law used in granting such benefit.
Just before she retired in 2008, Charlotte Foster, who worked at the credit union for 38 years and served as its vice president of operations, specifically asked her supervisors, Jeff Fladu and President/CEO John Barad, whether this retirement benefit would be available for life and they both confirmed it would be, according to the lawsuit.
Unfortunately, this means that some clients may fail to properly plan in order to engage Social Security claiming strategies that can produce a higher total retirement benefit. While many of the old strategies have been eliminated, action can still be taken in order to obtain the highest possible Social Security benefit.
Most disabled veterans who incurred their debilitating injury while in active duty qualify for a Disability Retirement benefit. The benefits include only those who did not experience their event due to intentional or willful neglect, or the injury happened during an authorized absence from service.
As most of us know, early retirement benefits begin at age 62 and equal between 70% and 75% of your client's full retirement benefit, depending on his or her year of birth.

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