PENSION


Meaning of PENSION in English

I. noun

COLLOCATIONS FROM OTHER ENTRIES

a pension fund (= for paying pensions )

the country’s largest private pension fund

a pension scheme

Does your employer offer a pension scheme?

benefit/holiday/pension etc entitlement

The paid holiday entitlement is 25 days.

old age pension

pension book

pension fund

pension plan

pension scheme

receive payment/money/a pension etc

They will be entitled to receive unemployment benefit.

State Second Pension, the

COLLOCATIONS FROM CORPUS

■ ADJECTIVE

additional

For those older people with an income below a defined level additional pensions are payable.

The white client's basic and additional pensions can take him or her well above these levels.

You can also get a forecast of the additional earnings-related pension to which you are entitled.

Not surprisingly, the state has also interested itself in providing additional pension coverage.

After retirement, the additional pension increases in line with prices, like the basic pension.

The state will then increase the additional pension by its own inflation-proofing minus that amount.

Moving from job to job makes no difference to the additional pension .

annual

Usually, for every £1 of annual pension you give up at 60, you will receive a lump sum of £11.

Not only must male and female employees make identical contributions, they must also get identical annual pensions .

For example, Ahearn said, late December and early January are the busiest period for required annual pension filings.

So, to generate the same annual pension , they should in theory pay more.

basic

Your basic pension may be increased if you are supporting a dependent spouse or children.

However, to get any basic pension you must satisfy two conditions.

The unions, and Jack Jones's pensioners lobby, want the historic link between basic state pensions and average earnings restored.

In money terms, the value is about 60 percent of the level of basic pension to which their husband is entitled.

The lower earnings limit is the same level as the basic retirement pension .

The only way in which that can be addressed sensibly is by putting extra money into the basic state pension .

If your only source of income is your basic State pension , you are likely to be entitled to income support.

The white client's basic and additional pensions can take him or her well above these levels.

corporate

However, the administration of corporate pensions will remain in Edinburgh, where 200 people are currently employed.

But Clinton said he vetoed that bill, partly because Republicans removed restrictions on corporate raids on pension funds.

full

The Sheehy plan could mean he would have to stay to 60 to get a full pension .

A citizen's pension At present many people do not receive the full basic state pension.

Mr Marr says that most people do not use their full personal pension contribution allowances.

If you are separated, you can be worse off if you do not have a full pension in your own right.

This had become operational in 1978, although full earnings-related pensions were not due to come into effect until 1998.

national

Older married women are less likely than men to receive a National Insurance retirement pension in their own right.

He was struck off in 1998, but still receives a National Health Service pension .

occupational

Changing supplementary and housing benefit would be more contentious than reforming occupational pensions .

As illustrated inPart I, there has been a growth in occupational pension schemes.

Their importance is expected to increase as higher percentages of those approaching retirement age are members of occupational pension schemes.

Thus, for example, one of the major sources of income of elderly people is the occupational pension .

The expansion of occupational and personal pensions remained a firm objective of the reforms.

At the end of November 1983, I announced that I was going to head an inquiry into occupational pensions .

It is only a limited number of pensioners who at present enjoy substantial occupational pensions .

Part-time workers were more likely to work for an employer who did not offer an occupational pension scheme.

old

There is no capacity to discuss a trade-off of 1,000 million between tax relief on pensions and higher cash old age pensions.

Charles Booth argued, probably correctly, that old age pensions would encourage children to take in elderly parents.

Your new employer might appear to place a disconcertingly low valuation on your old company pension rights.

The Labour Party's pre-war proposals for improved old age pensions had included a retirement qualification.

Universal state old age pensions were introduced by the Old Age Pensions Act of 1908, workmen's insurance in 1911.

The rise in my old age pension is £2.25 a week.

If you have an older personal pension , you should check out the details of your plan.

personal

They may encourage home ownership, or private health insurance or personal pensions .

As from July 1988, however, the rules for self-employed pensions were also altered to bring them in line with personal pensions.

But what if you have a personal pension but do not yet have sufficient cash funds to top up your policy?

A major advantage of a personal pension is that if you change jobs you can take it with you without penalty.

In 1988 there is to be a new system of personal pensions , explained on page 76.

On low earnings the rebate payments will be too small to justify the personal pension plan charges.

More than 4.6m people have contracted out of the state scheme into personal pension plans since their introduction in 1986.

Some people covered by the conventional company scheme might prefer a personal pension .

private

How is the free-market economy to be reconciled with continued large-scale tax concessions for house mortgages and private pensions ?

President Clinton is also tinkering with private pension plans to finance his own social agenda.

Their ambitions were to own their own homes and have private pensions .

Young working-class as much as middle-class respondents wanted home ownership, private pensions , meals out and foreign holidays.

A second example concerns private pensions .

Many employees run private pension schemes, but often these won't provide enough income to give you a really comfortable lifestyle.

Alongside it, private provision of pensions , health care, education and housing has also expanded.

Despite the spread of private pensions , 75 percent of pensioners lived on less than £3,500 a year.

supplementary

And for most pensioners, even those with supplementary pensions or savings, the state pension is their financial lifeline.

From April 1988 the supplementary pension system will cease to exist and will be replaced by income support.

Up to April 1988 this was known as supplementary pension and was the arm of the supplementary benefit system catering for older people.

Like supplementary pension it tops up your income to the amount the government says you need to live on.

As with supplementary pension you are supposed to pay for heating out of weekly income.

If you're not receiving supplementary pension , you have to claim yourself from the council.

Married couples were most likely to have occupational pensions and least likely to have a supplementary pension.

■ NOUN

arrangement

His benefit package may include the payment of school fees for his children and the continuation of pension arrangements .

Obviously, the purpose is to ensure that the best possible pensions arrangements are reached.

Some people, therefore, need make no changes to their pension arrangements .

House and car provided as well as salary, expenses and appropriate pension arrangements .

It is for employers to set up suitable pension arrangements for their employees.

In December I learned my pension arrangements had turned to dust.

And the pension arrangements are remarkably good.

What is the point of meeting to discuss pension arrangements when Hon. Members are deciding what the pension arrangements are to be?

benefit

The Inland Revenue sets limits on pension benefits which members of company schemes can receive.

But median wages are going nowhere, health and pension benefits are declining.

Pay-as-you-go means that the present pension benefits are provided through the taxation system.

Thousands of workplace safety and pension benefit inspections and investigations have been canceled or postponed.

He had applied to make available some of his pension benefits accrued during his 20 years as a businessman.

The pension benefits are taxed, taking into account personal tax relief.

As officially married couples, gay men and lesbians will be able to claim pension benefits if a partner dies.

Pittston also demanded an end to the full health-care plan, and sought cuts in health and pension benefits for retired miners.

book

Read in studio An eighty four year old man has foiled a mugger who tried to steal his pension book .

Voice over Unfortunately the attackers escaped, but without the pension book .

Her inner pockets are stuffed with pension book , handkerchiefs and tubes of Parma Violet sweets for the breath.

Explaining that pension books may be kept and used by residents themselves if they wish.

On leaving the field, Mickey found a purse containing four pounds, a pension book and a set of house keys.

When claiming a concession, you will be asked to produce your pension book as proof of entitlement.

Read in studio A 93 year old woman has been tricked out of her life savings and pension book .

contribution

Then, we've tax, insurance, local government rates, pension contributions , and the mortgage.

General operating expenses, including salaries and pension contributions , grew 3. 4 percent, to 92. 927 billion pesetas.

Of course these wages do not include the company's pension contributions to the individuals concerned.

The government believes it would be political suicide to allow pension contributions to rise above 30 percent.

Earnings figures exclude share options and pension contributions .

The pension contribution will continue for many years.

Surprisingly, the government has managed to sell this idea to employers, who pay half of the pension contributions .

entitlement

There is no evidence to suggest that they made substantial wartime gains in terms of occupational pension entitlements .

Each order is your pension entitlement for one week and is valid for 12 weeks after the date shown on the voucher.

The research seeks to understand what factors influence older women's employment and their pension entitlements .

The Government should review its own employees' retirement age and early pension entitlements to allow older people greater choice.

Wealth, other than pension entitlements , can be quickly turned into cash or used as security against which to borrow.

Different schemes have different ways of determining how members' pension entitlements are calculated.

fund

This latter group included building societies, insurance companies, pension funds , unit and investment trusts.

I telephone a woman at Central States, which is the big Teamster pension fund .

There are 160,000 schemes, albeit many of them small, and there are about 12 million members in pension funds .

Splitting such obvious assets as the matrimonial home may be strewn with problems, but what about an accrued pension fund ?

Note that eurobonds are unlikely to attract tax exempt investors such as pension funds , given the lower yield associated with bearer status.

We have greatly tightened the protection of pension fund members over recent years.

Indeed, it is something of an anomaly that there is no self regulatory organisation for the pension fund industry.

funds

We will reform the law so that pension funds belong to their members, not to employers.

Between their hold on giant pension funds and their private wealth, they dominate political, economic, and social policy.

Continuing growth has meant that as investors, insurance companies and pension funds represent a major influence in the assets markets.

Institutional investors like insurance companies and pension funds now control billions of dollars.

This is primarily designed for small, self-administered pension funds .

The lawsuit would likely allege that Symington got the loan because he deliberately misled the pension funds about his financial condition.

There has been a certain degree of controversy in recent years over the practice of self-investment by pension funds .

The sale will recoup a small portion of the money stolen from company pension funds by the publisher.

payment

You will have real choice as to how your pension payments are invested.

Contributions are earnings related, paid by both employer and employees, as are the pension payments .

Even after the latest concession, pension payments would be lower than before.

The Government is also expected to make its long-awaited decision on equality of pension payments by the end of the year.

Most significantly, temporary emergency grants totalling £2,500,000 were made available to assist pension schemes unable to maintain pension payments .

Although they provide a guaranteed pension payment , the return on investment is usually very low.

And she adds: But Alan Govier from Oxford hasn't received a penny in pension payments .

The company said Mr Corbett would continue to receive pension payments based on his three years with Railtrack.

plan

One of the attractions of executive pension plans is their potential flexibility.

Among other things, this raises the income limits for deducting contributions by a taxpayer with a pension plan .

Historically, executive pension plans are of the money purchase type.

So there are no pat answers, and usually you need a pension plan expert to recommend a plan for you.

If you do not have a pension plan , when you eventually stop working your income will drop - perhaps dramatically.

Losing an independent contractor case can cost you more than payroll taxes; it can cost you your pension plan .

They can also choose between repayment, endowment or pension plan mortgages.

We have a pension plan I am eligible to receive at age 65.

provision

New figures presented to the pensioner's parliament confirmed that Britain's state pension provision is among the worst in the community.

For the foreseeable future, occupational pension provision is likely to exist in some form.

There is also the issue of how you marry any pension provision you have made in Britain with what you do overseas.

It may be that you no longer work for an employer or that your company does not offer pension provision .

Some cater for the public's need for insurance or pension provision .

scheme

The typical executive has a company car, private medical insurance and a company pension scheme .

The government offered a 5-year subsidy to people moving from the state earnings-related pension scheme to take out a private pension.

Subsequent valuation of a pension scheme A company's year end is 31 March.

Thus, one could consider such factors as hours, sick pay, pension schemes and holiday entitlements.

Rowe made a joke about Oz's pension scheme and they both laughed.

As illustrated inPart I, there has been a growth in occupational pension schemes .

That being so, many people throughout the nation who are in pension schemes are frightened.

A number of actuaries are responsible for individual company pension schemes with funds amounting to hundreds of millions of pounds.

system

From April 1988 the supplementary pension system will cease to exist and will be replaced by income support.

Even if returns improve, the pension system still faces serious problems.

Chief among these are employment and, linked to it, the occupational pension system and social security.

The pension system is just part of a larger pattern of our fiscal indulgence of the military.

Putin's program would revise the antiquated pension system , rewrite the labor code and crack down on money-laundering.

The Clinton administration also has been looting the $ 3. 5 trillion private pension system .

The pension system could collapse and firms are crying out for labour.

■ VERB

collect

Variety is important. Collect your pension on different days of the week.

People who normally collect pensions and other benefits from there are advised to go to nearby sub-post offices.

draw

But you don't live to draw your old-age pension by underestimating the enemy.

He was walking along Suffolk Parade to the post office to draw his pension , when he was approached by two youths.

If you draw your pension , you can earn up to a certain amount a week without affecting it.

You can continue working, draw your company pension and put some of your earnings into a separate scheme.

Or keep working past 65 and postpone drawing your pension .

increase

It is not going to require all schemes to increase pensions in payment by up to a maximum of 5 percent a year.

Child benefit, the principal family benefit, has not been increased in line with pensions and other benefits.

Inpart this reflects increasing expenditure on state pensions as more and more people live to a ripe old age.

Mr Brown will be under pressure in election year to increase pensions by £5 for individuals and £8 for couples.

We will protect private pensions , and increase the basic state pension, making it payable as of right without means testing.

Other ways to increase your pension Deferring your pension.

The most effective way to reduce poverty quickly is to increase child benefit and pensions and take low-paid people out of taxation.

The state will then increase the additional pension by its own inflation-proofing minus that amount.

invest

Great care is needed when choosing the organisation to invest your pension savings.

The plaintiffs can not raid the $ 4. 3 million invested in his pension funds.

I am 74 years old and when I retired in 1982 I invested my lump sum pension with a brokerage.

Other stockholders, including those that may invest in your pension fund, also fared well in the buyout.

pay

And they have a long-term interest in maintaining industry's prosperity, for that is what pays their pensions .

But Envirodyne did not want to have to pay the pensions either.

Moscow is at least paying pensions to those elderly people who are registered.

Nobody would be paying the pensions .

Surprisingly, the government has managed to sell this idea to employers, who pay half of the pension contributions.

Increase the amount all workers pay into their pension fund by one 0. 5 percent.

He has made sure to pay overdue wages and pensions .

provide

Company schemes generally provide widows' pensions as of right.

This discrimination is based simply on prejudice, because the cost of providing a widower's pension is very small.

The legislation allowed contracts to provide either pension or death benefits or both.

Although they provide a guaranteed pension payment, the return on investment is usually very low.

How can you provide a pension for your retirement?

They will provide for pensions on the same terms as are currently enjoyed.

For many years the College did not provide pensions for members of staff, let alone dependents.

The second pension could be provided by an expanded pensions industry.

qualify

Under the 1975 Pensions Act, invalidity pensioners will eventually qualify for inflation-proofed earnings-related pensions .

There are many kinds of qualified pension plans.

You may also qualify for some pension from the country you left.

At age 65, you automatically qualify for a pension .

Those too poor to qualify for this pension were further discriminated against and left to poor relief.

receive

His salary at this time was £1,000, and upon leaving the service he received a pension of £600 p.a.

Tsiolkovskii himself never received a kopek of government funding until he received a pension .

Therefore, some one who was earning £12,000 perannum would receive a pension of £8,000 perannum.

He will receive the pension he's paid into for 49 years.

As a consequence women could until 1975 opt to pay a lower rate of national insurance and receive a lower retirement pension .

In 1987, 52% of pensioners received an occupational pension .

The only conditions were that the person receiving the pension had to retire and agree to spend the money within the month.

If you're not receiving supplementary pension , you have to claim yourself from the council.

PHRASES FROM OTHER ENTRIES

basic salary/pay/pension etc

Blackwell and Deane received a basic salary plus poundage according to the level of military spending.

Firstly, women can only receive a pension based on their husband's contributions if he himself is in receipt of a basic pension.

Graduated pension is increased annually in the same way as the basic pension.

In money terms, the value is about 60 percent of the level of basic pension to which their husband is entitled.

Managers may earn bonuses up to 25 percent of their basic salary in some hotels.

There is a generous stock-option scheme, and performance-related pay that can, in some cases, double basic salaries.

Your basic pension may be increased if you are supporting a dependent spouse or children.

EXAMPLES FROM OTHER ENTRIES

He gets a pretty good pension from his old firm.

He retired from the force with a disability pension .

How long have you been drawing a pension ?

I don't know how you manage on your pension , Lil, I really don't.

If a man retires at 58, he's actually got seven years to go before he draws his state pension .

Is there a pension scheme where you work?

Living on a pension isn't easy you know. You really have to scrimp and save.

Martin still hasn't got his invalidity pension sorted out.

The government is considering linking the old-age pension to earnings.

EXAMPLES FROM CORPUS

By July I was able to set out my proposals on personal pensions.

General operating expenses, including salaries and pension contributions, grew 3. 4 percent to 92. 927 billion pesetas.

He would also have to liquidate his pension funds.

In spite of his breakdowns, Hoccleve achieved a position of seniority and in due course retired with a pension .

Most important, there is an assurance that pension rights are linked to the retail prices index.

Occupational pensions are undoubtedly delivering the goods for those people who are members.

Subsequent valuation of a pension scheme A company's year end is 31 March.

The pension fund plans to cut in half the number of outside managers, Mr Burnham added.

II. verb

EXAMPLES FROM CORPUS

In three years, just thirty-six months, they would pension him off.

III. noun

EXAMPLES FROM CORPUS

General operating expenses, including salaries and pension contributions, grew 3. 4 percent to 92. 927 billion pesetas.

Longman DOCE5 Extras English vocabulary.      Дополнительный английский словарь Longman DOCE5.