I. noun
COLLOCATIONS FROM OTHER ENTRIES
a pension fund (= for paying pensions )
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the country’s largest private pension fund
a pension scheme
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Does your employer offer a pension scheme?
benefit/holiday/pension etc entitlement
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The paid holiday entitlement is 25 days.
old age pension
pension book
pension fund
pension plan
pension scheme
receive payment/money/a pension etc
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They will be entitled to receive unemployment benefit.
State Second Pension, the
COLLOCATIONS FROM CORPUS
■ ADJECTIVE
additional
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For those older people with an income below a defined level additional pensions are payable.
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The white client's basic and additional pensions can take him or her well above these levels.
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You can also get a forecast of the additional earnings-related pension to which you are entitled.
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Not surprisingly, the state has also interested itself in providing additional pension coverage.
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After retirement, the additional pension increases in line with prices, like the basic pension.
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The state will then increase the additional pension by its own inflation-proofing minus that amount.
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Moving from job to job makes no difference to the additional pension .
annual
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Usually, for every £1 of annual pension you give up at 60, you will receive a lump sum of £11.
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Not only must male and female employees make identical contributions, they must also get identical annual pensions .
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For example, Ahearn said, late December and early January are the busiest period for required annual pension filings.
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So, to generate the same annual pension , they should in theory pay more.
basic
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Your basic pension may be increased if you are supporting a dependent spouse or children.
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However, to get any basic pension you must satisfy two conditions.
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The unions, and Jack Jones's pensioners lobby, want the historic link between basic state pensions and average earnings restored.
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In money terms, the value is about 60 percent of the level of basic pension to which their husband is entitled.
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The lower earnings limit is the same level as the basic retirement pension .
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The only way in which that can be addressed sensibly is by putting extra money into the basic state pension .
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If your only source of income is your basic State pension , you are likely to be entitled to income support.
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The white client's basic and additional pensions can take him or her well above these levels.
corporate
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However, the administration of corporate pensions will remain in Edinburgh, where 200 people are currently employed.
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But Clinton said he vetoed that bill, partly because Republicans removed restrictions on corporate raids on pension funds.
full
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The Sheehy plan could mean he would have to stay to 60 to get a full pension .
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A citizen's pension At present many people do not receive the full basic state pension.
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Mr Marr says that most people do not use their full personal pension contribution allowances.
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If you are separated, you can be worse off if you do not have a full pension in your own right.
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This had become operational in 1978, although full earnings-related pensions were not due to come into effect until 1998.
national
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Older married women are less likely than men to receive a National Insurance retirement pension in their own right.
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He was struck off in 1998, but still receives a National Health Service pension .
occupational
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Changing supplementary and housing benefit would be more contentious than reforming occupational pensions .
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As illustrated inPart I, there has been a growth in occupational pension schemes.
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Their importance is expected to increase as higher percentages of those approaching retirement age are members of occupational pension schemes.
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Thus, for example, one of the major sources of income of elderly people is the occupational pension .
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The expansion of occupational and personal pensions remained a firm objective of the reforms.
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At the end of November 1983, I announced that I was going to head an inquiry into occupational pensions .
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It is only a limited number of pensioners who at present enjoy substantial occupational pensions .
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Part-time workers were more likely to work for an employer who did not offer an occupational pension scheme.
old
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There is no capacity to discuss a trade-off of 1,000 million between tax relief on pensions and higher cash old age pensions.
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Charles Booth argued, probably correctly, that old age pensions would encourage children to take in elderly parents.
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Your new employer might appear to place a disconcertingly low valuation on your old company pension rights.
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The Labour Party's pre-war proposals for improved old age pensions had included a retirement qualification.
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Universal state old age pensions were introduced by the Old Age Pensions Act of 1908, workmen's insurance in 1911.
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The rise in my old age pension is £2.25 a week.
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If you have an older personal pension , you should check out the details of your plan.
personal
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They may encourage home ownership, or private health insurance or personal pensions .
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As from July 1988, however, the rules for self-employed pensions were also altered to bring them in line with personal pensions.
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But what if you have a personal pension but do not yet have sufficient cash funds to top up your policy?
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A major advantage of a personal pension is that if you change jobs you can take it with you without penalty.
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In 1988 there is to be a new system of personal pensions , explained on page 76.
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On low earnings the rebate payments will be too small to justify the personal pension plan charges.
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More than 4.6m people have contracted out of the state scheme into personal pension plans since their introduction in 1986.
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Some people covered by the conventional company scheme might prefer a personal pension .
private
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How is the free-market economy to be reconciled with continued large-scale tax concessions for house mortgages and private pensions ?
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President Clinton is also tinkering with private pension plans to finance his own social agenda.
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Their ambitions were to own their own homes and have private pensions .
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Young working-class as much as middle-class respondents wanted home ownership, private pensions , meals out and foreign holidays.
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A second example concerns private pensions .
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Many employees run private pension schemes, but often these won't provide enough income to give you a really comfortable lifestyle.
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Alongside it, private provision of pensions , health care, education and housing has also expanded.
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Despite the spread of private pensions , 75 percent of pensioners lived on less than £3,500 a year.
supplementary
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And for most pensioners, even those with supplementary pensions or savings, the state pension is their financial lifeline.
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From April 1988 the supplementary pension system will cease to exist and will be replaced by income support.
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Up to April 1988 this was known as supplementary pension and was the arm of the supplementary benefit system catering for older people.
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Like supplementary pension it tops up your income to the amount the government says you need to live on.
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As with supplementary pension you are supposed to pay for heating out of weekly income.
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If you're not receiving supplementary pension , you have to claim yourself from the council.
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Married couples were most likely to have occupational pensions and least likely to have a supplementary pension.
■ NOUN
arrangement
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His benefit package may include the payment of school fees for his children and the continuation of pension arrangements .
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Obviously, the purpose is to ensure that the best possible pensions arrangements are reached.
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Some people, therefore, need make no changes to their pension arrangements .
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House and car provided as well as salary, expenses and appropriate pension arrangements .
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It is for employers to set up suitable pension arrangements for their employees.
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In December I learned my pension arrangements had turned to dust.
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And the pension arrangements are remarkably good.
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What is the point of meeting to discuss pension arrangements when Hon. Members are deciding what the pension arrangements are to be?
benefit
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The Inland Revenue sets limits on pension benefits which members of company schemes can receive.
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But median wages are going nowhere, health and pension benefits are declining.
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Pay-as-you-go means that the present pension benefits are provided through the taxation system.
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Thousands of workplace safety and pension benefit inspections and investigations have been canceled or postponed.
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He had applied to make available some of his pension benefits accrued during his 20 years as a businessman.
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The pension benefits are taxed, taking into account personal tax relief.
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As officially married couples, gay men and lesbians will be able to claim pension benefits if a partner dies.
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Pittston also demanded an end to the full health-care plan, and sought cuts in health and pension benefits for retired miners.
book
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Read in studio An eighty four year old man has foiled a mugger who tried to steal his pension book .
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Voice over Unfortunately the attackers escaped, but without the pension book .
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Her inner pockets are stuffed with pension book , handkerchiefs and tubes of Parma Violet sweets for the breath.
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Explaining that pension books may be kept and used by residents themselves if they wish.
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On leaving the field, Mickey found a purse containing four pounds, a pension book and a set of house keys.
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When claiming a concession, you will be asked to produce your pension book as proof of entitlement.
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Read in studio A 93 year old woman has been tricked out of her life savings and pension book .
contribution
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Then, we've tax, insurance, local government rates, pension contributions , and the mortgage.
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General operating expenses, including salaries and pension contributions , grew 3. 4 percent, to 92. 927 billion pesetas.
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Of course these wages do not include the company's pension contributions to the individuals concerned.
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The government believes it would be political suicide to allow pension contributions to rise above 30 percent.
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Earnings figures exclude share options and pension contributions .
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The pension contribution will continue for many years.
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Surprisingly, the government has managed to sell this idea to employers, who pay half of the pension contributions .
entitlement
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There is no evidence to suggest that they made substantial wartime gains in terms of occupational pension entitlements .
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Each order is your pension entitlement for one week and is valid for 12 weeks after the date shown on the voucher.
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The research seeks to understand what factors influence older women's employment and their pension entitlements .
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The Government should review its own employees' retirement age and early pension entitlements to allow older people greater choice.
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Wealth, other than pension entitlements , can be quickly turned into cash or used as security against which to borrow.
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Different schemes have different ways of determining how members' pension entitlements are calculated.
fund
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This latter group included building societies, insurance companies, pension funds , unit and investment trusts.
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I telephone a woman at Central States, which is the big Teamster pension fund .
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There are 160,000 schemes, albeit many of them small, and there are about 12 million members in pension funds .
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Splitting such obvious assets as the matrimonial home may be strewn with problems, but what about an accrued pension fund ?
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Note that eurobonds are unlikely to attract tax exempt investors such as pension funds , given the lower yield associated with bearer status.
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We have greatly tightened the protection of pension fund members over recent years.
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Indeed, it is something of an anomaly that there is no self regulatory organisation for the pension fund industry.
funds
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We will reform the law so that pension funds belong to their members, not to employers.
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Between their hold on giant pension funds and their private wealth, they dominate political, economic, and social policy.
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Continuing growth has meant that as investors, insurance companies and pension funds represent a major influence in the assets markets.
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Institutional investors like insurance companies and pension funds now control billions of dollars.
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This is primarily designed for small, self-administered pension funds .
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The lawsuit would likely allege that Symington got the loan because he deliberately misled the pension funds about his financial condition.
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There has been a certain degree of controversy in recent years over the practice of self-investment by pension funds .
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The sale will recoup a small portion of the money stolen from company pension funds by the publisher.
payment
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You will have real choice as to how your pension payments are invested.
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Contributions are earnings related, paid by both employer and employees, as are the pension payments .
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Even after the latest concession, pension payments would be lower than before.
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The Government is also expected to make its long-awaited decision on equality of pension payments by the end of the year.
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Most significantly, temporary emergency grants totalling £2,500,000 were made available to assist pension schemes unable to maintain pension payments .
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Although they provide a guaranteed pension payment , the return on investment is usually very low.
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And she adds: But Alan Govier from Oxford hasn't received a penny in pension payments .
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The company said Mr Corbett would continue to receive pension payments based on his three years with Railtrack.
plan
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One of the attractions of executive pension plans is their potential flexibility.
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Among other things, this raises the income limits for deducting contributions by a taxpayer with a pension plan .
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Historically, executive pension plans are of the money purchase type.
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So there are no pat answers, and usually you need a pension plan expert to recommend a plan for you.
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If you do not have a pension plan , when you eventually stop working your income will drop - perhaps dramatically.
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Losing an independent contractor case can cost you more than payroll taxes; it can cost you your pension plan .
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They can also choose between repayment, endowment or pension plan mortgages.
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We have a pension plan I am eligible to receive at age 65.
provision
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New figures presented to the pensioner's parliament confirmed that Britain's state pension provision is among the worst in the community.
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For the foreseeable future, occupational pension provision is likely to exist in some form.
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There is also the issue of how you marry any pension provision you have made in Britain with what you do overseas.
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It may be that you no longer work for an employer or that your company does not offer pension provision .
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Some cater for the public's need for insurance or pension provision .
scheme
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The typical executive has a company car, private medical insurance and a company pension scheme .
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The government offered a 5-year subsidy to people moving from the state earnings-related pension scheme to take out a private pension.
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Subsequent valuation of a pension scheme A company's year end is 31 March.
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Thus, one could consider such factors as hours, sick pay, pension schemes and holiday entitlements.
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Rowe made a joke about Oz's pension scheme and they both laughed.
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As illustrated inPart I, there has been a growth in occupational pension schemes .
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That being so, many people throughout the nation who are in pension schemes are frightened.
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A number of actuaries are responsible for individual company pension schemes with funds amounting to hundreds of millions of pounds.
system
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From April 1988 the supplementary pension system will cease to exist and will be replaced by income support.
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Even if returns improve, the pension system still faces serious problems.
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Chief among these are employment and, linked to it, the occupational pension system and social security.
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The pension system is just part of a larger pattern of our fiscal indulgence of the military.
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Putin's program would revise the antiquated pension system , rewrite the labor code and crack down on money-laundering.
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The Clinton administration also has been looting the $ 3. 5 trillion private pension system .
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The pension system could collapse and firms are crying out for labour.
■ VERB
collect
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Variety is important. Collect your pension on different days of the week.
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People who normally collect pensions and other benefits from there are advised to go to nearby sub-post offices.
draw
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But you don't live to draw your old-age pension by underestimating the enemy.
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He was walking along Suffolk Parade to the post office to draw his pension , when he was approached by two youths.
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If you draw your pension , you can earn up to a certain amount a week without affecting it.
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You can continue working, draw your company pension and put some of your earnings into a separate scheme.
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Or keep working past 65 and postpone drawing your pension .
increase
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It is not going to require all schemes to increase pensions in payment by up to a maximum of 5 percent a year.
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Child benefit, the principal family benefit, has not been increased in line with pensions and other benefits.
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Inpart this reflects increasing expenditure on state pensions as more and more people live to a ripe old age.
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Mr Brown will be under pressure in election year to increase pensions by £5 for individuals and £8 for couples.
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We will protect private pensions , and increase the basic state pension, making it payable as of right without means testing.
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Other ways to increase your pension Deferring your pension.
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The most effective way to reduce poverty quickly is to increase child benefit and pensions and take low-paid people out of taxation.
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The state will then increase the additional pension by its own inflation-proofing minus that amount.
invest
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Great care is needed when choosing the organisation to invest your pension savings.
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The plaintiffs can not raid the $ 4. 3 million invested in his pension funds.
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I am 74 years old and when I retired in 1982 I invested my lump sum pension with a brokerage.
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Other stockholders, including those that may invest in your pension fund, also fared well in the buyout.
pay
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And they have a long-term interest in maintaining industry's prosperity, for that is what pays their pensions .
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But Envirodyne did not want to have to pay the pensions either.
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Moscow is at least paying pensions to those elderly people who are registered.
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Nobody would be paying the pensions .
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Surprisingly, the government has managed to sell this idea to employers, who pay half of the pension contributions.
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Increase the amount all workers pay into their pension fund by one 0. 5 percent.
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He has made sure to pay overdue wages and pensions .
provide
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Company schemes generally provide widows' pensions as of right.
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This discrimination is based simply on prejudice, because the cost of providing a widower's pension is very small.
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The legislation allowed contracts to provide either pension or death benefits or both.
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Although they provide a guaranteed pension payment, the return on investment is usually very low.
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How can you provide a pension for your retirement?
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They will provide for pensions on the same terms as are currently enjoyed.
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For many years the College did not provide pensions for members of staff, let alone dependents.
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The second pension could be provided by an expanded pensions industry.
qualify
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Under the 1975 Pensions Act, invalidity pensioners will eventually qualify for inflation-proofed earnings-related pensions .
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There are many kinds of qualified pension plans.
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You may also qualify for some pension from the country you left.
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At age 65, you automatically qualify for a pension .
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Those too poor to qualify for this pension were further discriminated against and left to poor relief.
receive
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His salary at this time was £1,000, and upon leaving the service he received a pension of £600 p.a.
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Tsiolkovskii himself never received a kopek of government funding until he received a pension .
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Therefore, some one who was earning £12,000 perannum would receive a pension of £8,000 perannum.
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He will receive the pension he's paid into for 49 years.
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As a consequence women could until 1975 opt to pay a lower rate of national insurance and receive a lower retirement pension .
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In 1987, 52% of pensioners received an occupational pension .
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The only conditions were that the person receiving the pension had to retire and agree to spend the money within the month.
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If you're not receiving supplementary pension , you have to claim yourself from the council.
PHRASES FROM OTHER ENTRIES
basic salary/pay/pension etc
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Blackwell and Deane received a basic salary plus poundage according to the level of military spending.
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Firstly, women can only receive a pension based on their husband's contributions if he himself is in receipt of a basic pension.
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Graduated pension is increased annually in the same way as the basic pension.
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In money terms, the value is about 60 percent of the level of basic pension to which their husband is entitled.
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Managers may earn bonuses up to 25 percent of their basic salary in some hotels.
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There is a generous stock-option scheme, and performance-related pay that can, in some cases, double basic salaries.
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Your basic pension may be increased if you are supporting a dependent spouse or children.
EXAMPLES FROM OTHER ENTRIES
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He gets a pretty good pension from his old firm.
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He retired from the force with a disability pension .
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How long have you been drawing a pension ?
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I don't know how you manage on your pension , Lil, I really don't.
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If a man retires at 58, he's actually got seven years to go before he draws his state pension .
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Is there a pension scheme where you work?
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Living on a pension isn't easy you know. You really have to scrimp and save.
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Martin still hasn't got his invalidity pension sorted out.
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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.
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General operating expenses, including salaries and pension contributions, grew 3. 4 percent to 92. 927 billion pesetas.
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He would also have to liquidate his pension funds.
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In spite of his breakdowns, Hoccleve achieved a position of seniority and in due course retired with a pension .
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Most important, there is an assurance that pension rights are linked to the retail prices index.
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Occupational pensions are undoubtedly delivering the goods for those people who are members.
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Subsequent valuation of a pension scheme A company's year end is 31 March.
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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.