"pension premium" is a correct and usable phrase in written English.
It is typically used in the context of paying for pension plans. For example: "I just received a bill for my pension premium for this month."
An increase in state pension premiums from $1.5 million in 2002 to more than $25 million in 2004 created most of the current financial crisis.
"Total compensation", which includes insurance and pension premiums as well as the employer's share of payroll taxes, was 62.2% of national income in the last quarter of 2010, which is lower than it ever was between 1965 and 2006.
Living in a country where there are more dogs than children, many young workers do not pay pension premiums, believing that there will not be enough workers around to finance their pensions 30 or 40 years down the road.
However, apart from those receiving pension credit, eligibility will depend on other factors, such as also receiving a disability or pensioner premium, or having a child under five living with you, or a child who is disabled.
The Pension Benefit Guaranty Corporation, an agency that guarantees the pensions of 44 million Americans and is financed primarily by pension fund premiums, estimates that the entire system is underfunded by $350 billion.
Those aged over 20 who have paid into the national pension scheme premiums for more than two-thirds of the payment period receive up to ¥983,100 depending on the severity of their disabilities, according to Japan's National Institute of Population and Social Security Research.
A law passed last year will steadily raise national pension-fund premiums (which are split between workers and their employers), from 13.58% of pay then to 18.3% in 2017.
The new chief executive drew criticism from staff for saying he would be changing the company's pay and pension scheme, cutting premium pay for Sundays.
