Forums on federal pensions, Part 1U.S. Government Printing Office, 1984 - Civil service |
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Page 18
... adjustment for income taxes and other factors the amount of money that individuals need to maintain their pre - retirement living standard . I think this is one of the other notions that was prominent in the report of the President's ...
... adjustment for income taxes and other factors the amount of money that individuals need to maintain their pre - retirement living standard . I think this is one of the other notions that was prominent in the report of the President's ...
Page 28
... adjustments or in- creases in the pension given from time to time . Pension policy dictates the relative importance of various items that are or might be considered in the calculation of a pension benefit . Very briefly these are ...
... adjustments or in- creases in the pension given from time to time . Pension policy dictates the relative importance of various items that are or might be considered in the calculation of a pension benefit . Very briefly these are ...
Page 30
... adjustment for inflation - most adjustments are tied into the CPI . In the corporate world , most of these adjustments are ad hoc . Typically , once every 2 , 3 , or 4 years . It is only on the governmental plans that we find that the ...
... adjustment for inflation - most adjustments are tied into the CPI . In the corporate world , most of these adjustments are ad hoc . Typically , once every 2 , 3 , or 4 years . It is only on the governmental plans that we find that the ...
Page 32
... adjustments . Those adjustments , how- ever , probably average 50 or 60 or 70 percent of the CPI entries and not 100 percent . Mr. SCHULZ . Following up on Mr. Jackson's final comment , one of the problems that I find most difficult to ...
... adjustments . Those adjustments , how- ever , probably average 50 or 60 or 70 percent of the CPI entries and not 100 percent . Mr. SCHULZ . Following up on Mr. Jackson's final comment , one of the problems that I find most difficult to ...
Page 33
... adjustments , and other specific issues , and develop a policy or philosophy as to the pur- pose of this pension plan . For example , should the purpose be to at- tract and retain employees ? Should it be to encourage turnover or ...
... adjustments , and other specific issues , and develop a policy or philosophy as to the pur- pose of this pension plan . For example , should the purpose be to at- tract and retain employees ? Should it be to encourage turnover or ...
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Common terms and phrases
accrual actuarial adjustments AFL-CIO amount annuity assets benefit and defined benefit formula BERGER cafeteria plans cash income Civil Service Retirement contribution pension plans cost coverage CSRS Current Population Survey defined benefit plan defined contribution pension defined contribution plans dollar early retirement EBRI economic elderly eligible Employee Benefit employee contributions employee's employer pension employment ERISA Federal employees final average salary FRITSCHLER Government Hewitt Associates increase indexed individual Individual Retirement Account inflation integration issue Medicare ment normal retirement age option paid participants payments pension benefits pension system percent percentage plan's ployee private pension private sector public employees question receive reduced replacement rates retirement benefits retirement income retirement plan retirement program Service Retirement System SMEDLEY Social Security benefits specific spouse STRATTON survivor benefits Table thrift plan TIAA-CREF Tier tion tirement trust fund vested benefits wage workers
Popular passages
Page 183 - The purposes of this title, which are to be carried out by the corporation, are — (1) to encourage the continuation and maintenance of voluntary private pension plans for the benefit of their participants, (2) to provide for the timely and uninterrupted payment of pension benefits to participants and beneficiaries...
Page 134 - ... retirement computed at the full rate set forth in the plan, ie* without actuarial or similar reduction because of retirement before some later specified age...
Page 78 - We shall make the most orderly progress if we look upon social security as a development toward a goal rather than a finished product. We shall make the most lasting progress if we recognize that social security can furnish only a base upon which each one of our citizens may build his individual security through his own individual efforts.
Page 26 - Actuaries, a Member of the American Academy of Actuaries, and an Enrolled Actuary under the Employee Retirement Income Security Act of 1974.
Page 72 - CSRS allows optional retirement with full annuity at age 55 with 30 years of service, at age 60 with 20 years of service, or at age 62 with 5 years of service.
Page 49 - A physical or mental impairment which prevents a person from doing any substantial work and is expected to last at least 12 months or result in death.
Page 180 - The Pension Benefit Guaranty Corporation (PBGC) was established under title IV of the Employee Retirement Income Security Act of 1974 (ERISA) (88 Stat. 829...
Page 70 - Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Disability Insurance Trust Funds.
Page 66 - Disability retirement A career-ending disability may entitle an employee to a pension before retirement age. If the disability satisfies the plan's definition of total disability, pension benefits often begin immediately. When an employer provides other sources of disability income, such as long-term disability insurance, the plan might defer disability retirement benefits until the other forms of income have ceased.
Page 65 - ... age. If a plan had alternative age and service requirements, the earliest age and associated service were tabulated: if one alternative did not specify an age, it was the requirement tabulated. 2 Less than 0.5 percent. 3 In some plans, participants must also satisfy a minimum age or service requirement.