Defined contribution: the percentage of each paycheck that a worker is required to put aside in a pension plan, which is usually mandated by the government.
"We've been approached, just like other pension plans, by intermediaries trying to broker a deal involving Canadian pension plans and Chinese investors," DE Bever said by phone yesterday.
Were it not for the tax relief they receive, contributors to personal pension plans would have been better off keeping their money under their mattresses.
They were looking for the creation of full-time jobs rather than part-time, increased wages, and the retention of their multi-employer pension plan.
The bank's report says "contributory pension plans" cover very few people due to the nature of many jobs and livelihoods.
Mr Angelides was a perennial thorn in the side of business, using California’s state pension plan to browbeat bosses of firms he disapproved of, and he retains a dim view of Wall Street.
Recently the French Government had risen the minimum retirement age from 60 to 62 years old before they can get their pension. This controversial pension plan had lead to the all-out strike by labors.
No, cruise lines do not provide paid vacation or pension plans.
As part of the buyout, Simmons stopped contributing to its pension plan, since the stock ownership plan shares were meant to pay for the employees' retirements.
