Finance Pension Pension Benefit 
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. Other pensions have frozen or suspended COLAs for their retirees (e.g.,
Money Talk
SEPTEMBER 12, 2024
A married couple has four monthly income streams: $2,500- husband’s pension, $2,000- husband’s Social Security, $800- wife’s pension, and $1,500- wife’s Social Security for a total of $6,800 ($81,600 annually). The wife’s pension and Social Security would go away, however, which could still result in a decrease in household income.
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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. Then, when they’re ready, they want to understand how to turn their pension savings into an income for life. Perhaps they’ve taken a career break to raise a family or freelanced without a pension in place. In one sense, they’re right.
Money Talk
AUGUST 16, 2023
Tax Bracket Triggers - When earnings are added to a pension, Social Security, RMDs, and other taxable income, planning is needed to avoid a higher tax rate or Medicare premium. Other benefits also continue. Income in Lieu of Savings - Earnings from work can postpone withdrawals from retirement savings (e.g.,
Employee Benefits
NOVEMBER 8, 2022
Prime Minister Rishi Sunak has appointed Laura Trott MBE as minister for pensions, after predecessor Alex Burghart officially held the role for less than one month. Trott was appointed on 27 October, and the Department for Work and Pensions (DWP) made the announcement on 7 November via its official Twitter account.
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
JANUARY 26, 2022
The Work and Pensions Committee is calling for trials of automatic appointments with the Pension Wise service as part of its new ‘Stronger Nudge’ interventions. The post Early and multiple interventions will improve pensions engagement! appeared first on Employee Benefits.
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