In that event, they note, the Revenue Service might declare the pension plan is discriminatory and deny it tax privileges under the law.

A right established by law, such as that to an old age pension, is less galling than an allowance made by a rich man to a poor one, dependent on his view of the recipient ’ s character, and terminable at his caprice.

With regard to occupational pension schemes, the SE is covered by the provisions laid down in the proposal for a directive on institutions for occupational schemes, presented by the Commission in October 2000, in particular in connection with the possibility of introducing a single pension scheme for all their employees in the European Union.

The main reason for the distinction between the two types of company is that life, annuity, and pension business is very long-term in nature — coverage for life assurance or a pension can cover risks over many decades.

Even after an accused has left office, it is possible to impeach to disqualify the person from future office or from certain emoluments of his prior office ( such as a pension ).

Adenauer is closely linked to the implementation of an enhanced pension system, which ensured unparalleled prosperity for retired people.

The first documented case is that of Marie-Angélique Duchemin ( 1772 – 1859 ), who fought in the Revolutionary Wars, received a military disability pension in 1798, the rank of 2nd lieutenant in 1822, and the Legion of Honor in 1852.

Recently, the Congress of the Union approved important tax, pension and judicial reforms, and reform to the oil industry is currently being debated.

Today, retirement with a pension is considered a right of the worker in many societies, and hard ideological, social, cultural and political battles have been fought over whether this is a right.

However, a country's tax laws and / or state old-age pension rules usually mean that in a given country a certain age is thought of as the " standard " retirement age.

There is evidence that he continued to support humanism ; he renewed Erasmus ' pension that had previously been granted by Archbishop Warham.

* Physician Aleixo de Abreu is granted a pension of 16, 000 reis for services to the crown in Angola and Brazil by Philip III of Spain, who also appoints him physician of his chamber.

Other reasons might include cohabitation as a way for polygamists or polyamorists to avoid breaking the law, a way to avoid the higher income taxes paid by some two-income married couples ( in the United States ), negative effects on pension payments ( among older people ), or philosophical opposition to the institution of marriage ( that is, seeing little difference between the commitment to live together and the commitment to marriage ).

A pension created by an employer for the benefit of an employee is commonly referred to as an occupational or employer pension.

The common use of the term pension is to describe the payments a person receives upon retirement, usually under pre-determined legal and / or contractual terms.

A recipient of a retirement pension is known as a pensioner or retiree.

A basic state pension is a " contribution based " benefit, and depends on an individual's contribution history.

In the US, specifies a defined benefit plan to be any pension plan that is not a defined contribution plan ( see below ) where a defined contribution plan is any plan with individual accounts.

Rossini ’ s popularity in Paris was so great that Charles X gave him a contract to write five new operas a year, and at the expiration of the contract he was to receive a generous pension for life.

* Personal pension scheme ( Personal Pension Plan ), a type of UK individual pension contract

( Basinger would lose the town to her partner in the deal, the pension fund of Chicago-based Ameritech Corp., in 1993 after being forced to file for bankruptcy when a California judge ordered her to pay $ 7. 4 million for refusing to honor a verbal contract to star in the film Boxing Helena.

Also in 1947, Chandler sold the rights to broadcast the World Series on the radio for $ 475, 000 ; he used the money from the contract to establish a pension fund for baseball players.

* If Risky Corporation defaults on its debt three years into the CDS contract, the pension fund would stop paying the quarterly premium, and Derivative Bank would ensure that the pension fund is refunded for its loss of $ 10 million minus recovery ( either by physical or cash settlement — see Settlement below ).

The pension fund still loses the $ 600, 000 it has paid over three years, but without the CDS contract it would have lost the entire $ 10 million minus recovery.

Classic Media acquired the Lassie trademark from the Weatherwax family in 2000, and in 2004 Robert Weatherwax's contract to provide a dog ended, at which time neither side pursued a renewal and Mr. Weatherwax retired from film work and began drawing a SAG pension.

However, when there is a pension in place as a result of a term in the jobholder's employment contract, the employer is under a duty to inform their staff about how to make the best of their pension rights.

The new contract averted a national strike and included pension gains, job security language and significant wage increases.

“ This contract provides tremendous wage gains, industry-leading pension rates and the best scope of protections in the industry .”

Wage increases, free health care and increased pension benefits were all included in the contract covering 7, 500 Teamster members nationwide.

The contract will increase wages annually and increase funds that provide pension, health and welfare benefits.

In 1944 the new BOAC pilots ’ contract made them the first employees anywhere to receive an occupational pension.

In 1995 the Justice Department conducted a preliminary investigation into a California transit agency's awarding of a pension management contract to Peña's former investment management firm.

There are multiple contract benefits for members including minimum wages, work rules such as length of work day, health insurance, pension, 401k, and workers ' compensation insurance.

Twenty minutes later she was at the desk of the Grafin's pension, her tears dried, signing a hotel form and asking for a bath.

Fulton legislators `` work with city officials to pass enabling legislation that will permit the establishment of a fair and equitable '' pension plan for city employes.

A spouse employed by a corporation her husband controls, for example, may be entitled to distributions under the company's pension plan as well as to her own Social Security coverage.

Possible upshots: The company could be denied a deduction for its pension payments, or those payments for the wife and other employes could be ruled taxable to them in the year made.

* 1935 – Social Security Act, creating a government pension system for the retired.

The British were able to annex Sind and for his services, Hasan Ali Shah received an annual pension of £ 2, 000 from General Charles Napier, the British conqueror of Sind with whom he had a good relationship.

Carnegie gave most of his money to establish many libraries, schools, and universities in the United States, the United Kingdom, Canada and other countries, as well as a pension fund for former employees.

Carnegie also established large pension funds in 1901 for his former employees at Homestead and, in 1905, for American college professors.

Before his departure for Rome, his friends had applied to the Venetian senate for a pension, to enable him to pursue his studies without embarrassment.

Having secured his pension, Dürer finally returned home in July 1521, having caught an undetermined illness — perhaps malaria — which afflicted him for the rest of his life, and greatly reduced his rate of work.

Chile's private pension system, with assets worth roughly $ 70 billion at the end of 2006, has been an important source of investment capital for the capital market.

* Chief Investment Officer or CIO – high-level corporate officer responsible for the assets of an investment vehicle or investment management company and / or responsible for the asset-liability management ( ALM ) of typical large financial institutions such as insurers, banks and / or pension funds ; generally reports to the CEO or CFO.

Improvements were made in nursing accommodation in order to recruit more nurses and reduce labour shortages which were keeping 60, 000 beds out of use, and efforts were made to reduce the imbalance “ between an excess of fever and tuberculosis ( TB ) beds and a shortage of maternity beds .” In addition, BCG vaccinations were introduced for the protection of medical students, midwives, nurses, and contacts of patients with TB, while a pension scheme was set up for employees of the newly-established NHS.

Under the Coal Industry Nationalisation ( Superannuation ) Regulations of 1950, a pension scheme for mineworkers was established.

The Stability Adjustment Programs ( PAE, for the initials in Spanish ) initiated by President Cristiani's administration committed the government to the privatization of banks, the pension system, electric and telephone companies.

The total privatization of the pension system has implied a serious burden for the public finances, because the newly created private Pension Association Funds did not absorb coverage of retired pensioners covered in the old system.