Retirement

Examples of Retirement in the following topics:

• Retirements

  • When a person retires, they stop working completely or semi-retire by reducing their hours.
  • These days, many baby boomers are semi-retired.
  • A person may also semi-retire by reducing work hours.
  • Germany was the first country to introduce retirement.
  • When retiring prior to age 59½, there is a 10 percent IRS penalty on withdrawals from a retirement plan like a 401(k) plan or a Traditional Individual Retirement Account (IRA).

• Employee Retirement Income Security Act

  • The Employee Retirement Income Security Act of 1974 (ERISA) was enacted on September 2, 1974.
  • In general, ERISA does not cover retirement plans established or maintained by governmental entities, churches for their employees, or plans which are maintained solely to comply with applicable workers compensation, unemployment or disability laws.
  • Studebaker's pension plan was so poorly funded that only 3,600 workers who were of retirement age received full pension benefits, 4,000 workers aged 40–59 who had ten years with Studebaker received lump sum payments valued at roughly 15% of the actuarial value of their pension benefits, and the remaining 2,900 workers received no pensions .
  • It was not unusual for a plan to provide no benefit at all to an employee who left employment before the specified retirement age (e.g. 65), regardless of the length of the employee's service.

• Standard Benefits

  • Examples of typical employee benefits include housing, insurance (health, life, dental), retirement benefits, daycare, tuition, sick leave, vacation, profit sharing, education funding, and other specialized benefits.
  • Examples of these benefits include: housing (employer-provided or employer-paid), group insurance (health, dental, life), disability income protection, retirement benefits, daycare, tuition reimbursement, sick leave, vacation (paid and non-paid), social security, profit sharing, funding of education, and other specialized benefits.
  • The Employee Retirement Income Security Act of 1974 (ERISA) was enacted on September 2, 1974.
  • Employee benefits in the United States might include relocation assistance; medical, prescription, vision and dental plans; health and dependent care flexible spending accounts; retirement benefit plans (pension, 401(k), 403(b)); group-term life and long term care insurance plans; legal assistance plans; adoption assistance; child care benefits and transportation benefits.

• Personal Financial Management

  • One might also consider individual or employer sponsored retirement plans, social security benefits, and income tax management.
  • "Emergency savings will help ensure that you don't have to borrow from your retirement nest egg or take out additional loans that would push you into debt," said Luke W.
  • Try to save money for long-term goals, such as your retirement.
  • If your employer matches a portion of your payroll contributions to a tax-advantaged retirement savings plan, "not participating means you are passing up free money and perhaps losing out on a valuable tax break," added Reynolds.

• Commercial Banks

  • Individual retirement account (IRA): savings deposits that offer a way to save for retirement.

• The Process of Incorporation

  • Retirement funds: Retirement funds and qualified retirements plans, such as a 401(k), may be established more easily.

• Trends in Labor-Management Relations

  • The United Auto Workers' numbers of automobile union members is representative of the decline in unions in the manufacturing sector: 1,619,000 active members in 1970, 1,446,000 in 1980, 952,000 in 1990, 623,000 in 2004, and 377,000 in 2010 (with far more retired than active members).
  • They demanded a reduction in the work week to 32 from 40 hours, doubling of wages, a $10,000 bonus, and early retirement.

• The Small Business Administration

  • In addition, the agency provides grants to support counseling partners, including approximately 900 Small Business Development Centers (often located at colleges and universities); 110 Women's Business Centers; and SCORE, a volunteer mentor corps of retired and experienced business leaders with approximately 350 chapters.

• Terminations

  • Retirement age for military personnel is between 55 to 65, no matter their level of performance.

• The Benefits of Socialism

  • The insurance typically includes monetary provisions for retirement pensions and survivor benefits, permanent and temporary disabilities, unemployment and parental leave.