unreferenced date December 2011 Pensioninsurancecontract is an insurancecontract that specifies pension plan contributions to an insurance undertaking in exchange for which the pension plan benefits will be paid when the members reach a specified retirement age or on earlier exit of members from the plan. See also Pension fund Category Employment compensation ... more details
levels of national insurance deductions can expect an income from the state pension scheme after ... if they have completed sufficient years contribution to their national insurance record. The S2P pension ... Insurance Bill was enacted in 1889. The Old Age Pension program, financed by a tax on workers, was originally ... tendency, to use the pensioninsurance fund as a means to obtain an interest free and risk free ...About the retirement income arrangement the type of lodging Pension lodging the mortgage repayment scheme Mortgage loan Financial market participants Wiktionary A pension is a fixed sum paid regularly ... dictionary pension ref Pensions should not be confused with Severance package severance pay the former ... or superannuation refer to a pension granted upon retirement . ref Princeton WordNet, http wordnetweb.princeton.edu ... up by employers, insurance companies, the government or other institutions such as employer associations or trade unions. Called retirement plans in the United States , they are commonly known as pension ... of longevity . A pension created by an employer for the benefit of an employee is commonly referred to as an occupational or employer pension. Labor union s, the government, or other organizations may ... to employee and employer for tax reasons. Many pensions also contain an additional insurance aspect ... of payments. The common use of the term pension is to describe the payments a person receives upon ... pension is known as a pensioner or retiree . Types of pensions Employment based pensions retirement ... labor unions, government agencies, or self funded schemes. Pension plans are therefore a form of deferred compensation . A Small Self Administered Scheme SSAS is a type of employment based Pension ... state pension is a contribution based benefit, and depends on an individual s contribution history. For examples, see National Insurance in the UK, or Social Security in the USA. Many countries have also put in place a social pension . These are regular, tax funded non contributory cash transfers ... more details
In Canadian contract law , Contract A is a concept that has recently been applied by courts regarding the fair and equal treatment of bidders in a contract tendering process. Essentially this concept formalizes previously applied precedents and strengthens the protection afforded to those who submit bids in the tendering process. The concept was introduced in 1981 by the Supreme Court of Canada , in R. v. Ron Engineering and Construction Eastern Ltd . The court found that a duty of fairness was owed to all bidders by an owner in a tendering process. The Contract A is formed when a request for proposal is responded to in the form of a valid bid, sometimes also known as submission of price. As many Contracts A are formed between the owner person, company or organization tendering the project and the bidders as there are bids received. The owner must now deal fairly and equally with all bidders, and must not show any favoritism or prejudice towards any bidder s . In essence, this concept boils down to the right of an individual to have equal opportunity to be successful with their bid for work. A breach of Contract A may occur if the owner or an owner s officer or representative, see vicarious liability , provides information, changes specification during the tendering process to unfairly benefit a particular bidder, enters into closed negotiations with an individual bidder in an effort to obtain more desirable contract conditions, etc. The most common situation in which an owner is accused of having breached Contract A occurs when a bidder is selected who is not the lowest bidder. This contravenes established custom and practice, which would normally dictate that the lowest bid be awarded the contract, but is not normally a source of a breach if handled properly. The successful suits for breach typically occur if the lowest bidder has been excluded based on a stipulation ... to be too broadly worded to have any meaning. See also Call for bids Contract B Duty of fairness ... more details
Unreferenced date December 2009 Wills, trusts, estates A will contract is a term used in the law of will law wills describing a contract to exchange a current performance for a future bequest. In such an agreement, one party the promisee will provide some performance in exchange for a promise by the other party the testator , because they must draft a will to make a specific bequest to the promisee party in the testator s will. Most jurisdictions recognize such contracts as valid, although a few hold them as void against public policy . Some jurisdictions will not recognize an oral contract for such a purpose, requiring instead that the contract be executed in writing and signed by both parties. The general rule, where such contracts are recognized, is that the promisee can not specific performance specifically enforce the contract if the testator later revokes or supersedes the will making the promised bequest, but can only sue the testator s estate for breach of contract. This protects the testator s very strong freedom to dispose of his property however he sees fit. For example, suppose Joey agrees to execute a will bequeathing his house to Rachel in exchange for services provided by Rachel. If Joey later revokes that will, Rachel can not force Joey s estate to convey the house to her, but can only sue for the value of the house. Typically, will contracts are made between people who have different heirs to whom they wish to leave their property at death, but they may wish for the other person to have the use of until all of their combined assets until the death of the second to die. A married couple with children from an earlier marriage is a good example. The husband may leave his separate estate to his wife at his death, instead of directly to his children from his ... if she died first. A will contract only becomes irrevocable only at the first party s death. Because ... during the time that the creator of the fund is still alive. DEFAULTSORT Will Contract Category Wills ... more details
Global assets under management Pensioninsurancecontract Sovereign wealth fund Qualifying registered ... organization for social insurance Greece Government Public Employees Pension Fund http www.mtpy.gr ...Refimprove date January 2010 A pension fund is any plan, fund, or scheme which provides retirement income. File 2005pension fund investments.PNG thumb right Pension funds in 2005 Pension funds are important ... where large institutional investor s dominate. The largest 300 pension funds collectively hold about ... Stanley estimates that pension funds worldwide hold over US 20 trillion in assets, the largest for any category of investor ahead of mutual funds , insurance companies , currency reserves , sovereign ... finance displaystory.cfm?story id 10533428 economist.com ref Although the Japan Government Pension ... s largest public pension fund which oversees 114 trillion Yen 1.5 trillion . ref cite news url http mobile.bloomberg.com news 2011 09 29 world s biggest pension fund plans to start investing in emerging markets?category 2Fnews 2Fmostread 2F title World s Biggest Pension Fund Plans to Start Investing ... pension funds Open pension funds support at least one pension plan with no restriction on membership while closed pension funds support only pension plans that are limited to certain employees. ref http www.oecd.org dataoecd 0 49 38356329.pdf OECD ref Closed pension funds are further subclassified into Single employer pension funds Multi employer pension funds Related member pension funds Individual pension funds Public vs. private pension funds A public pension fund is one that is regulated under public sector law while a private pension fund is regulated under private sector law. In certain countries the distinction between public or government pension funds and private pension funds may ... et placement du Qu bec Canada Pension Plan Investment Board Public Sector Pension Investment Board PSP Investments Alberta Investment Management Private Ontario Teachers Pension Plan union controlled ... more details
A social pension also known as a non contributory pension is a regular Cash transfers cash transfer to Old age older people. Eligibility is based on age and citizenship residency, and sometimes on other means such as income , asset s or other pension income. Over 80 countries in the world have some form of social pension, although design varies significantly. ref HelpAge International Pension watch country fact file http www.pension watch.net country fact file ref References references See also Social insurance Social Protection Social safety net Social welfare provision Welfare state Welfare culture External links http www.pension watch.net Pension watch HelpAge International http www.globalaging.org pension world social socialpensions.htm Social pensions Global Ageing http ideas.repec.org p wbk hdnspu 36237.html Social pensions Part I their role in the overall pension system Category Social programs Category Egalitarianism Category Welfare state ... more details
receives a contract , called the insurance policy , which details the conditions and circumstances ... once risk is assumed by an insurer , the insuring party, by means of a contract , called an insurance policy . Generally, an insurancecontract includes, at a minimum, the following elements identification ... if coverage is available under the terms of the insurancecontract, and if so, the reasonable monetary ... of actuarial and investment management expertise that life insurance requires. Annuities and pension ...About risk management Insurance blackjack Blackjack Insurance Blackjack Insurance run baseball Baseball Insurance run Insurance run Insurance is a form of risk management primarily used to Hedge finance hedge against the risk of a contingent, uncertainty uncertain loss. Insurance is defined as the equitable ... is a company selling the insurance the insured, or policyholder, is the person or entity buying the insurance policy. The amount to be charged for a certain amount of insurance coverage is called ... Insurance involves pooling resource management pooling funds from many insured entities known as exposures ... risk . Insurance is a commercial enterprise and a major part of the financial services industry, but individual entities can also self insurance self insure through saving money for possible ... or Not to Insure? An Insurance Puzzle . The Geneva Papers on Risk and Insurance Theory . ref Insurability ... characteristics ref This discussion is adapted from Mehr and Camack Principles of Insurance , 6th edition, 1976, pp 34 37. ref Large number of similar exposure units Since insurance operates through pooling resources, the majority of insurance policies are provided for individual members of large classes ... person on a life insurance policy. Fire , Traffic collision automobile accidents , and worker ..., or at least outside the control of the beneficiary of the insurance. The loss should be pure, in the sense ... of the insured. Insurance premiums need to cover both the expected cost of losses, plus ... more details
globalize UK date November 2011 There are two distinct meanings of frozen pension . Frozen occupational pension main Frozen Occupational Pension Pensions which have been left behind in an occupational pension scheme by people who are no longer employed by the sponsoring employer are frozen until retirement age. Frequently, if the amounts are small, the member and the scheme administrators lose touch with each other, and as a result the pension is never claimed. Frozen state pensions The second meaning refers to the practice of the British government in freezing UK State Pension state pensions for pensioner s who live in certain overseas countries. Not all countries are included in the frozen list, and there are some strange anomalies. Most Commonwealth countries are included in the frozen list, and some non Commonwealth, non European countries are in the list where UK pensioners get the same indexation as pensioners resident in Britain. ref Leaflet NP46, DWP cite web title DWP Internal Standards and Guidance FOI url http www.dwp.gov.uk pub scheme classes internal.asp ref All British State pensioners receive their pension based on the level of their compulsory contributions to the National Insurance Fund , and as payments are made within the UK they are all at the same level. However, if the beneficiary moves abroad, their level of pension is then dependent upon where they live. ref citation title CF N 701 7 02 author The Pension Service publisher Department for Work and Pensions date July 2002 ref Freezing starts with the first payment received in the frozen country. References reflist External links http www.pension100.co.uk expatpensioners uprated2007.htm List of countries where British State pensions are not frozen http www.pension100.co.uk expatpensioners frozen2007.htm List of countries where British State pensions are frozen http www.pension parity uk.com International Consortium of British Pensioners Category Pension ... more details
national pension may refer to a pension system of a nation a pension payout by a nation National Pension Japan National Pension Service South Korea New Pension Scheme India National Pension System India disambig ... more details
is generally eligible for veteran s pension if he or she Was not discharged for dishonorable reasons ... to willful misconduct ref cite web url http www.vba.va.gov bln 21 pension vetpen.htm title Veterans Pension year accessdate 2008 06 19 publisher Department of Veterans Affairs ref Calculation The annual pension is calculated by adding all of the person s countable income. Any deductions are then subtracted from that total. The remaining total is deducted from the maximum pension limit ref http ..., spouse, etc. . This final number is the yearly pension dividing it by 12 results in the monthly pension ..., traumatic service members group life insurance, educational benefits and health care. ref http ... to the basic pension. This benefit takes into account a person s unreimbursed out of pocket medical ... bln 21 pension vetpen.htm 7 title Veterans Pension date January 12, 2007 accessdate 2007 03 ... DEFAULTSORT Veteran s Pension Category Retirement in the United States ... more details
Pension Sch ller may refer to Pension Sch ller play , an 1890 German play by Wilhelm Jacoby and Carl Laufs Pension Sch ller 1930 film , directed by George Jacoby Pension Sch ller 1952 film , a remake by Jacoby Pension Sch ller 1960 film , a second remake by Jacoby Disambig ... more details
Unreferenced stub auto yes date December 2009 intromissing date March 2012 A pension system Pension systems in various countries ANSES ANSES Argentina Superannuation in Australia Social Security Australia Canada Pension Plan Chile pension system Indian pension system KiwiSaver KiwiSaver New Zealand Social security Sweden UK Pension Provision Self invested personal pension s UK Retirement plans in the United States Social security United States See also Pension SIA DEFAULTSORT Pension System Category Employment compensation Category Pension Econ policy stub ru ... more details
of insurance. Classifications of pension administration firms Pension administration firms operate ...merge Pensions discuss Talk Pension Administration Merger proposal date May 2009 globalize USA date May 2009 Pension administration in the United States is the act of performing various types of yearly ... variety of 401 k . The basic purpose of Pension Administration is to insure that an organizational ... Deferral Percentage, and minimum coverage. Yearly pension administration work involves filing ... to those who perform this work, such as those offered by the National Institute of Pension Administrators ... of Pension Professionals and Actuaries ref cite web url http www.asppa.org credentials cred over.htm title ASPAA Professional Credentials Overview ref . Pension Administration firms more often than not rely ... other referral sources. Some pension administration firms carry out the financial advisory work within ... of large firms in this market space are Principal Financial Group , John Hancock Insurance ref ... www.dol.gov ebsa faqs faq auditwaiver.html title USDOL Frequently Asked Questions On The Small Pension Plan Audit Waiver Regulation ref . In cases where a defined benefit plan is being managed the pension ... and compliance with minimum funding standards set by the IRS. Pension administration firms ... where the pension administration firm only works on a small collection of defined benefit plans ... acting as an effective business channel. Ideally a pension administration firm forms alliances with a handful ... from very high to very low, with the later category depending on the pension administration firm ..., IL ref cite web url http www.danaconsulting.com title Dana Consulting Group web site ref . A Pension ... as investment management and custody services. Investment platforms Pension plans, by their nature ... which these funds are held in custody and invested. Traditional pension plans and some older defined ... elections as they see fit. John Hancock Insurance is just one example of a long list of firms ... more details
Multiple issues confusing March 2009 orphan December 2010 Pension release is when a UK pension owner would like to take cash from a pension before they would normally retire . Usually this is a maximum of 25 of the value of the pension, but this does mean the value of the pension at retirement is greatly reduced. Pension Release is rarely thought to be to a pension holders advantage as this means they will have less income at retirement. The FSA deems it only suitable for a limited number of people and circumstances. ref http www.fsa.gov.uk Pages Library Communication PR 2003 014.shtml Unlocking your pension can mean money today, misery tomorrow, warns FSA ref References reflist Category Pensions in the United Kingdom ... more details
A pension hotel is somewhat different from pension lodging see pension lodging . A pension hotel is usually not a boarding house, but is a real hotel. Pension hotels can be found in the Philippines and probably in other countries. A pension hotel provides rooms with no or few amenities. They usually have private bathrooms with showers. A pension hotel usually has a window air conditioning unit, but the hallways and other areas of the hotel are usually cooled only by fans. Some pension hotels, especially in beach areas, provide only ceiling fans for cooling. The rates for pension hotels are much lower than midrange hotels. The rates range from P350 to P1800 a night. 1.00 US equals about P43. ref Greg Bloom, Michael Grosberg, Virginia Jealous and Piers Kelly, Lonely Planet Philippines Footscray, Australia Lonely Planet, May 2009 , 10th ed., p. 430. ref References reflist Category Hotel types ... more details
No footnotes date April 2009 A pension parachute is a form of poison pill that prevents the raiding firm of a hostile takeover from utilizing the pension assets to finance the acquisition. When the target company law firm is threatened by an acquirer, the pension plan assets are only available to benefit the pension plan participants. In corporate governance, the pension parachute protects the surplus cash in the pension fund of the target from unfriendly acquirers the funds remain the property of the plan s participants in the target company. The law firm of Kelley Drye & Warren claims to be the pioneers of the pension parachute . Their first pension parachute was implemented for Union Carbide , and its design was upheld in Union Carbide s litigation with GAF. See also Economics Mergers and Acquisitions Microeconomics Takeover Industrial organization External links http www.unioncarbide.com Union Carbide Corporation homepage. http www.kelleydrye.com Kelley Drye & Warren LLP Category Business terms ... more details
The Pension Bureau was a division established at the United States Department of the Interior following the American Civil War . A separate entity was later set up at the United States Department of War for handling military pension claims. Category United States Department of the Interior commonscat ... more details
Pension spiking is the process whereby public sector employees grant themselves large raises or otherwise artificially inflate their compensation in the years immediately preceding retirement in order to receive larger pensions than they otherwise would be entitled to receive. This inflates the pension payments to the retirees and, upon retirement of the spikee , transfers the burden of making payments from the employee s employer to a public pension fund. This practice is considered a significant contributor to the high cost of public sector pensions. Several states including Illinois have passed laws making it more difficult for employees to spike their pensions. http www.nytimes.com 2006 08 08 business 08pension.html?ex 1312689600&en f130433f98e2c659&ei 5088&partner rssnyt&emc rss Pension spiking is largely seen in public sector and is an example of the principal agent problem . In the classic principal agent problem, a principal hires an agent to work on his behalf. The agent then seeks to maximize his own well being within the confines of the engagement laid out by the principal. The agent, or bureaucrat in this instance, has superior information and is able to maximize his benefit at the cost of the principal. In other words, there is asymmetric information . In the case of pension spiking the general public the principal elects officials to hire the bureaucrat who then hires the public servants, who are the ultimate agents of the general public. Thus, the principal is three steps removed from the bureaucrat. In the case of pension spiking, the public has allowed a pension system to be created which is based on the compensation in the last year of service and delegated the setting of this cost to the bureaucrat. http www.marinij.com pension ci 2981075 The bureaucrat, who will often himself or herself benefit from a spiked pension or the same laws permitting pension spiking, fails to stop the practice, a clear conflict of interest . External links Category Pension ... more details
Pension regulation is a legal term encompassing the set of laws, rules and authoritative standards governing the pension industry, and the procedures needed to enforce them. Pension regulation varies widely from one jurisdiction to another notably due to the persistence of discrepancies in the degree of autonomy and breadth of authority and discretionary power that national and regional pension regulators have at their disposal to enforce efficiently existing laws and regulations, in relation with local judicial practices and varying Jurisprudence jurisprudential trends. ref en icon Citation url http www.blakes.com english view disc.asp?ID 268 accessdate 2005 09 01 title Blake, Cassels & Graydon Business Bulletin, Pension Regulation and Court Trends in British Columbia ref Pension regulation seeks to provide the various norms and standards needed to foster market efficiency, consistency, transparency and accountability across the pension industry it is a key driver of pension funds s risk management. In Europe, in the wake of the 2008 2009 financial crisis, some pension experts such as Anton van Nunen have argued that excessive or misplaced regulatory activism can sometimes have negative unintended consequences ref en icon Citation url http www.globalpensions.com global pensions news 1932709 van nunen dutch regulations killing pensions accessdate 2011 03 20 title see Rachel Pichardo Allison, Van Nunen Dutch regulations killing pensions , 15 Dec 2010 ref , notably when it comes to the strict enforcement of asset liability matching in times high market volatility and the systematic use of bonds based risk metrics across all asset classes. References Reflist 2 Law law stub economics stub DEFAULTSORT Pension regulation Category Administrative law Category Pension Category Economics of regulation Category Actuarial science Category Legal research ... more details
Congressional pension is a pension made available to members of the United States Congress . Members who participated in the congressional pension system are vested after five 5 years of service. A full pension is available to Members 62 years of age with 5 years of service 50 years or older with 20 years of service or 25 years of service at any age. A reduced pension is available depending upon which ... age, they may leave their contributions behind and receive a deferred pension later. ref http legacy.c span.org questions weekly68.asp ref The current pension program, effective January 1987 ... System CSRS for most members of congress and federal employees. History of Congressional Pension Members of Congress voted to extend pension benefits to the legislative branch under the CSRS formerly ... their pension two months later, due to public outcry in the early months of America s involvement ... with the passage of P.L. 79 601. The justification this time was that a pension would bring into the legislative ... Congressional Research Service ref Pension amount The pension amount is determined by a formula .... In 2002, the average pension payment ranged from 41,000 to 55,000. For example, a member ... for a pension payment of 84,645 per year. ref cite web url http money.cnn.com 2006 01 20 commentary wastler wastler index.htm title Congress has a Pension Plan date January 20, 2006 accessdate 2007 ... TheHill News Frontpage 113005 news1.html 22congressional pension 22&hl en&ct clnk&cd 5&gl us title Duke Keeps his Pension date November 30, 2005 accessdate 2007 03 09 publisher The Hill ref Long time congressman Ron Paul has always refused to participate in the congressional pension system, labeling ... to participate in immoral pension system accessdate 2007 05 24 date 1997 01 30 archiveurl http web.archive.org ... archivedate 2007 05 18 ref North Carolina congressman Howard Coble does not participate in the pension ... against the congressional pension system in his first race in 1984 and has never enrolled in it. Dead ... more details
A widow s pension is a payment from the government of a country to a person whose Marriage spouse has died. Generally, such payments are made to a widow whose late spouse has satisfied the country s requirements, including contribution, cohabitation, and length of marriage ref http books.google.com books?id 9T89AAAAIAAJ&pg PA21&dq 22Widow s pension 22&lr &as brr 3&ie ISO 8859 1&output html&cd 34 ref . United States In the United States , the widow s pension was introduced in the United States Senate Senate in 1930. ref cite news url http www.time.com time magazine article 0,9171,739219,00.html work Time title National Affairs Widow s Pension date May 19, 1930 ref In 2003, Congress approved a payment of 11,750 of widow s pension owed to Harriet Tubman ref http books.google.com books?id iLUDAAAAMBAJ&pg PA6&dq 22Widow s pension 22&as brr 3&ie ISO 8859 1&output html&cd 10 ref . United Kingdom In the United Kingdom , the widow s pension was discontinued in 2001. ref http www.haaretz.com hasen spages 851454.html ref . A widow s pension can be paid to childless widow s age 45 or over, or to those whose husband died before September 4, 2001. ref http www.dsdni.gov.uk index ssa wi ref When it was offered, for a woman to qualify, her husband must have paid 25 flat rate contributions before April 6, 1975 ref http books.google.com books?id iLUDAAAAMBAJ&pg PA6&dq 22Widow s pension 22&as brr 3&ie ISO 8859 1&output html&cd 10 ref . Israel In Israel in 2007, a court ruled the female partner of a deceased lesbian was entitled to a widow s pension. ref http www.haaretz.com hasen spages 851454.html ref New Zealand In New Zealand , a widow s pension was introduced in 1911 to help families with no other way of supporting themselves ref name 1966 History of Monetary Benefits cite web url http ... s pension. ref http www.typicallyspanish.com news publish article 24254.shtml ref References reflist econ term stub Category Pension Category Widowhood ... more details
Merge Bed and breakfast date April 2010 A pension IPA all p sj pron ref cite web url http oxforddictionaries.com definition pension 2 title pension sup 2 sup work Oxford Dictionaries accessdate 30 March 2012 ref is a type of Guest house lodging guest house or boarding house . This term is typically used in Continental Europe an countries, in areas of North Africa and the Middle East that formerly had large European expatriate populations, and in some parts of South America such as Brazil and Paraguay . Pensions can also be found in South Korea and Japan . In contrast to bed and breakfast s, pensions typically do not only offer breakfast , but also lunch , dinner and sometimes even tea meal tea . Rather than paying for the room and each meal separately, guests select a plan which either comprises overnight accommodation, breakfast, lunch and dinner full pension or the preceding minus the lunch half pension . ref cite web url http www.seetheglobe.com modules lexikon entry.php?entryID 66 title Full Pension work See The Globe Travel Glossary accessdate 30 March 2012 ref ref cite web url http www.travel industry dictionary.com half pension.html title Define Half Pension work Travel Industry Dictionary accessdate 30 March 2012 ref These small business es may offer special rates for travellers staying longer than a week. Switzerland In Switzerland , these family run guesthouses may be located in historic old buildings, may have beautifully designed rooms with private bathrooms and usually ... is based in Florence with many scenes taking place in the pension, as Lucy meets characters for the first ... Fiorini, owned by the Signora Fiorini Isa Miranda , a widow who transformed her home into a pension after World War II. References reflist DEFAULTSORT Pension Lodging Category Hotel types Tourism stub be be x old cs Penzion da Pensionat de Pension Unterkunft eo Pensiono hu Panzi nl Pension ja pl Pensjonat ru sv Pensionat uk ... more details
Cleanup date August 2008 Disability A disability pension is a form of pension given to those people who are permanently or temporarily unable to employment work due to a disability . It is distinct from welfare . North America An example of a disability pension is from a private or Public Pension Plan, or the Canada Pension Plan . Another example is Supplemental Security Income SSI in the United States. Normally, there is a minimum years of service to be eligible for the disability retirement benefit. The disability applicant might sign medical waivers for their medical records and normally is scheduled for an independent medical review IME to assure they are totally and permanently disabled. The pension is calculated based on years worked, so the disability retiree can retire earlier since they are unable to work , but receives an equitable pension based on years of service. Australasia Australia Australian residents of working age who are unable to work for 15 hours a week for the next two years are eligible for the Disability Support Pension . Those intending to claim the DSP need to provide a report from their treating doctor. ref cite web url http www.centrelink.gov.au internet internet.nsf payments qual how dsp.htm author Centrelink title Who can get Disability Support Pension ... 2008 07 30 ref Beneficiaries of the Disability Support Pension receive significantly more than those ... Pension do I get? date 2008 12 16 accessdate 2009 01 10 archiveurl http web.archive.org web 20080822213430 ... archive archivedate 2008 08 22 ref The Disability Support Pension, previously known as the Invalid Pension, were first introduced in the state of New South Wales in 1908. The Government of Australia Commonwealth government introduced a nationwide Invalid Pension on December 1910 December 5, 1910 . ref ... to work because of disability or illness. References reflist DEFAULTSORT Disability Pension Category Disability law Pension Category Retirement no Uf repensjon ... more details
Pension Credit was introduced in the UK in 2003 by Gordon Brown , then Chancellor of the Exchequer , and was designed to lift a large number of the poorest retired people out of poverty. It replaced the Minimum Income Guarantee, which had been introduced in 1997. Pension Credit has two elements Guarantee Credit is an income based benefit which is paid if the income of the applicant and partner plus a notional income from savings is below a certain level 132.60pw for a single person and 202.40pw for a couple in 2010 11 . The minimum age for claiming is rising in line with the increase in women s retirement age see http www.direct.gov.uk en Pensionsandretirementplanning StatePension DG 4017919 Changes to the State Pension age . It is currently just over 60, but by April 2020 the minimum age for claiming will be 65. When the applicant or partner reaches 65 then the second element, Savings Credit, is also payable. Savings Credit is designed to reward people who saved for their pension during their working life. It therefore provides additional benefit to retired people who are not well off, but do have savings or a personal pension, and may not qualify for the full Guarantee Credit. Anyone who is in receipt of the Guarantee Credit part of Pension Credit is also eligible for full Council Tax Benefit and Housing Benefit . This can be a significant amount, ensuring that a retired person in this position has their Council Tax and rent paid in full. The amount of Pension Credit can be increased if the applicant and or partner are in receipt of a disability benefit such as Disability Living Allowance DLA or Attendance Allowance AA . This depends on whether the person in receipt of the benefit is or is treated as living alone. No one must be claiming Carers Allowance for looking after ... queries are encouraged to contact the Pension, Disability and Carers Service via Direct.gov.uk ... en Pensionsandretirementplanning PensionCredit DG 180167 Get a Pension Credit estimate on Directgov ... more details
Unreferenced date September 2009 Pension Volkmann was a folk rock band from East Berlin founded in 1983. History The singer and guitarist Peter Butschke born March 25, 1950, in Berlin and guitarist Reinhard Sonnenburg Buchholz September 21, 1953 February 1, 2007 developed their own unique style. Butschke sang with a sonorous voice, while Sonnenberg Buchholz deployed a substantial musical skill. Their often socially critical lyrics were written by Werner Karma . Their relatively open criticism of the government in East Germany contributed to their popularity. Both musicians studied at the Hochschule f r Musik Hanns Eisler in Berlin and together released three albums. However, after reunification, they did not continue to achieve significant success, largely for personal reasons. After a long interruption, they only performed at occasional concerts on a small scale. Today, Peter Butschke is still active as a musician and continues to perform as the Volkmann with Micha Herrmann bass guitar , Jan Haasler guitar and Frank Gohlke percussion . Discography Albums 1985 Die Gef hle Amiga record label Amiga 1988 Vollpension Amiga 1993 Traumt nzer External links http www.pensionvolkmann.de Website of Pension Volkmann http www.peterbutschke.de Website of Peter Butschke http www.volk mann.de Website of Volkmann Category East German musical groups de Pension Volkmann ... more details
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