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Retirement in sentence

671 examples of Retirement in a sentence

How many were forced to take early retirement?
Moreover, a social union - that is, a common European framework of social insurance systems for health, unemployment and retirement as well as social welfare - is not feasible and so should not be treated as essential to the Union.
Yet Clinton bravely decided to complete the process of restoring fiscal balance, in part to protect the long-term financing of the Social Security retirement program.
In the US, in particular, the “social contract” has long relied on employers to deliver unemployment insurance, disability insurance, pensions and retirement plans, worker’s compensation for job-related injuries, paid time off, and protections under the Fair Labor Standards Act.
In 1999, Poland replaced its defined-benefits system, which sets pensions as a percentage of final salary at retirement, with one in which pensions are based on the accumulated value of contributions during a person’s working life.
The fiscal position was further strengthened when the government raised the retirement age to 67.
A pro-saving US policy agenda should draw on the following: longer-term fiscal consolidation, expanded IRAs (individual retirement accounts) and 401Ks, consumption-based tax reform (such as value-added or sales taxes), and interest-rate normalization.
For example, in 2009, China’s retirement-system assets – national social security, local government retirement benefit plans, and private sector pensions – totaled just RMB2.4 trillion ($364 billion).
That boils down to only about $470 of lifetime retirement benefits for the average Chinese worker.
More specifically, spending on Social Security retirement benefits is predicted to rise from 4.9% of GDP to 6%.
In June, Antoine Zacharias, chairman and CEO of Vincy, France’s biggest public concessions and construction company, was obliged to resign when a majority of the board of directors judged his remuneration to be outrageous: €4.3 million in salary, a €13 million retirement bonus, a €2.2 million pension, and an estimated €173 million in stock options.
In other words, young workers will be twice as productive as those entering retirement.
Furthermore, China’s low retirement age – 50 for women and 60 for men – provides policymakers with considerable room to maneuver.
Increasing the retirement age by just a half-year for each of the next ten years would more than compensate for the annual decline in the labor force, which is projected to be 2.5 million workers during this period.
For sovereign debt, that means default, which will happen only in extreme circumstances; for non-debt liabilities, it means changing systemic parameters – for example, increasing the retirement age – which is contentious and exceptionally difficult to do politically.
Politicians, even those of the reform ilk, have thus tended to "buy out" this age cohort through generous early retirement schemes and lax disability standards.
In any viable long term arrangement, the level of benefits relative to wages should be reduced, retirement ages should be raised to international norms, and eligibility for special pensions (disability ones in particular) should be tightened to cover only the truly in need.
The budget cost of Social Security pensions could be gradually reduced by substituting annuities generated by investment-based personal retirement accounts for part of the current tax-financed benefits.
Demography clearly plays a role: a larger share of the workforce is reaching retirement age, while the share of those aged 16-24 who are pursuing education is rising.
Meanwhile, only 15% of private-sector employees – people who presumably rely on government-funded education and infrastructure – receive the type of fixed-benefit retirement plan that will cushion Ryan’s retirement, according to the Pension Rights Center.
If politicians are receiving pensions starting at age 50, as Ryan will, retirement benefits could realistically be paid out for 40-plus years.
And record-low interest rates are putting pressure on funded systems, in which the return from earlier investments pays for retirement benefits.
Chile, which since 1981 has required citizens to save for retirement in individual accounts, managed by private administrators, is supposed to be the poster child in this regard.
The result is that Chileans save too little for retirement.
In the case of a worker who at retirement uses his fund to buy an annuity, a drop in the long interest rate from 4% to 2% cuts his pension by nearly 20%.
In response to the recent protests, the government has proposed an additional risk-sharing scheme: some (thus far undecided) part of a five-percentage-point increase in the mandatory retirement savings rate, to be paid by employers, will go to a “solidarity fund” that can finance transfers to people receiving low pensions.
Some are structural: saving is high globally, especially in Asia but also in Europe, where aging countries like Germany put money aside for retirement.
Nearly half of the Japanese population is either retired or near retirement age, and they worked very hard to achieve a high level of comfort.
The Myth of the “Ownership Society”"No," said former Fox News journalist Tony Snow, newly appointed as one of George W. Bush’s closest aides, his Press Secretary, when asked recently about his retirement savings.
A 401(k) is a heavily tax-favored account in which workers can save money for their retirement.
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