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The proposal would allow additional voluntary contributions up to $5,000 a year.
Finally, you can also make additional voluntary contributions, but only if you're a member of a works scheme.
The platform will also accept additional voluntary contributions towards specific activities of the Platform's work programme.
Additional voluntary contributions seem caught too, therefore.
Each member's annual dues, $100, supports the group's scholarships efforts, though additional voluntary contributions bolster the total.
Self-employed individuals may contribute voluntarily, and salaried workers can also enhance their pension through additional voluntary contributions.
However, you could also work on and use the extra years of full wages to set aside more money into additional voluntary contributions or a personal pension.
In many schemes, you're allowed to pay additional voluntary contributions (AVCs) to buy a bigger pension.
This includes a stakeholder pension and any Free-Standing Additional Voluntary Contributions.
Additional voluntary contributions (AVCs)
Full details of all aspects of your pension, including additional voluntary contributions, are given in a separate booklet which will be supplied by the Personnel Manager.
The plan also has several new twists, among them a provision to have the Government match a portion of additional voluntary contributions to the private accounts by low-income workers.
The PRSA product can also be used to supplement existing pension funding by making additional voluntary contributions to the main pension scheme available through employment.
Exceptionally, subject to approval by the Plenary, additional voluntary contributions may be accepted outside the trust fund, such as direct support for specific activities of the Platform's work programme.
For example, very few people make the maximum allowable contributions, which can be done through additional voluntary contributions into a company scheme or into personal pensions where such a plan exists.
With this in mind members of the schemes operated by the University who cannot achieve 40 years' pensionable/reckonable service should consider the possibility of making Additional Voluntary Contributions to improve their retirement benefits.
If, as you approach retirement, you become aware that you are not going to have a big enough pension to live as comfortably as you would like, you might seriously consider the possibility of making additional voluntary contributions.
Following reform of the tax regime on pensions, employers are no longer required to offer Additional Voluntary Contributions to employees who want to improve their pension provision, though some may continue to do so on a voluntary basis.
Pensions are the obvious area for review, and it makes sense to look more closely at your contributions and work out if you want or need to top these up; something which can often be done simply via additional voluntary contributions.
Additionally, President Bush enlisted the help of former presidents Bill Clinton and George H.W. Bush to raise additional voluntary contributions, much as they did after the 2004 Indian Ocean earthquake and tsunami.
Phase I could be funded by new and additional voluntary contributions from developed countries; phase II would use a hybrid or market-linked mechanism; and phase III could be funded through the carbon market.
This section discusses these pensions, how they can be increased by additional voluntary contributions, how you can build up a pension if you have no access to an employer's scheme and how divorce affects your right to your ex-husband's pension.