vested pension

He said dismissal would not affect the principal's vested pension.

Justification This amendment makes use of the term 'vested pension rights' which is defined.

Employees in those industries can now convert salary components into a vested pension right.

Most buyout offers made today are for former employees with a vested pension benefit who haven't yet started their retirement income.

• difficulties with transferability of vested pension rights from one Member State to another;

(18) This Directive does not aim to limit outgoing workers’ ability to transfer vested pension rights.

The report shall include a proposal on how, when vested pension rights are transferred, the undertaking’s liability for such rights can be excluded.

A pensioner would be considered a former member, as would a person who is entitled to a deferred vested pension.

In other words, if you terminate prior to retirement, your vested pension must be used to fund a retirement income.

Example: one's right to a vested pension."

Gradual improvement of the transferability of vested pension rights

The phrase "or cannot move his vested pension rights to his new scheme directly" is included in Article 6(1) to cover this public sector arrangement.

Most judges who remain in office after 10 years of service, and after reaching the age of 60, have fully vested pension entitlements.

It's a vested pension.

If a participant requests, the employer must provide the participant with a calculation of her or his accrued and vested pension benefits.

And there are other areas we can't cut, like the interest on the debt, and that we shouldn't cut, like vested pensions.

Under the settlement, Mr. Feinstein, 58, whose annual salary at the local was $200,000, is entitled to retain his vested pension benefits.

“No game official will lose any vested pension benefit under our proposal and the clubs will fully fund all pension obligations,” the league said.

"The thought that you would take away somebody's vested pension rights - it's a snowball's chance in you-know-where that it would be enforceable."

That lawsuit claims Orr's plan to significantly cut vested pensions would violate strong protections in the Michigan constitution for retirement benefits of public-sector workers.

Black college dropouts were targeted, offering them an opportunity to get a degree with the benefits of a full salary, a vested pension upon retirement, and promotion opportunities.

Nevertheless, when introducing new supplementary pension schemes, Member States should endeavour, as far as possible, to gradually improve the transferability of vested pension rights.

In a June 14 proposal to creditors, Orr called for "significant cuts in accrued, vested pension amounts for both active and currently retired persons."

The committee calls on Member States to take measures to ensure that outgoing workers can retain their vested pension rights in the scheme in which they have acquired them.

In the three-hour deposition, Snyder said any proposed changes to vested pension benefits for Detroit retirees will be made by a federal judge if the city is allowed into bankruptcy.