Money Talk
DECEMBER 22, 2021
Pension COLAs - Pension benefits for some retirees are also indexed for inflation. An example is pensions for federal government workers and military retirees and disabled veterans. a $59 increase for every $1,000 of benefits) in 2022. Their COLA, like Social Security, is 5.9% (i.e.,
Money Talk
SEPTEMBER 12, 2024
If the husband dies first, the wife is left with $1,250 (50% of husband’s pension), $800-wife’s pension, and $2,000 (highest Social Security) for income of $4,050 ($48,600 annually). If the wife dies first, the husband might receive a higher pension benefit because there will no longer be a reduction for spousal benefits.
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Employee Benefits
JANUARY 18, 2022
As people age, making ends meet day-to-day takes a back seat as finances become more stable. The financial difficulties caused by these lifestyle events are similar and can be managed within a general financial wellness programme. But there is another lifestage that presents different financial challenges.
Money Talk
AUGUST 16, 2023
Other benefits also continue. Tricky Rules - Employers may have rules that prevent older workers from collecting pension benefits or former workers from returning as freelancers until a break in service.
Employee Benefits
FEBRUARY 16, 2022
At Ashurst, we closely consider the pension and benefits we offer and focus particularly on how we engage our people in these offerings to ensure they are of maximum benefit. Because pension forms part of an employee’s finances, tackling the broader topic of finances also increases engagement with pensions.
Employee Benefits
NOVEMBER 8, 2022
Trott has taken over responsibility for pensioner benefits including state, private and occupational provisions, as well as oversight of bodies such as The Pensions Regulator (TPR). Present press speculation around tax allowances for pensions are particularly concerning.
Employee Benefits
JANUARY 26, 2022
Then in the years before retirement, support should be provided around tax efficiency, planning for retirement and understanding retirement income options, clearing debt and maximising pension benefits and other savings.
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