Sentence examples for vested benefit from inspiring English sources
According to PBS, the state assumed that 22% of eligible employees would take the vested benefit lump sum buyout, based on a similar program in Missouri.
Justice Ming W. Chin asked Adam to respond to the state's contention that the Legislature had not intended to create a vested benefit.
Their case will test the question of how free an employer is to renounce what were once regarded as "vested" benefits.
Despite the losses they have sustained, pension funds have vested benefits that cannot be taken away–very different from the 401(k) plan participants who have sustained heavy losses during the recent downturn.
She also claimed the proposal "reduces pension benefits for current and future public employees," "eliminates constitutional protections for current and future public employees' vested pension benefits" and "prohibits public retirement systems from providing death or disability benefits to future employees". Nonsense.
Had a public option -- or Medicare buy-in for those under 65 -- been part of the measure, a large number of people would have been vested with benefits much sooner than the 2014 effective date, when most of the other benefits take effect.
§ 422.122 Information on deferred vested pension benefits.
She will receive a one-time payment of $475,000, reflecting vested retirement benefits to which she was contractually entitled, as well as unused vacation time and "other deferred compensation," the letter noted.
That the Minnesota Legislature was aware of the impending federal legislation is reflected in the explicit provision of the Act that it will "become null and void upon the institution of a mandatory plan of termination insurance guaranteeing the payment of a substantial portion of an employee's vested pension benefits pursuant to any law of the United States". Minn.Stat.
Legally, Detroit retirees can sue if their vested pension benefits are not paid.
Other unions and retiree groups, including the AARP, have denounced the plan as a betrayal of a promise, enshrined in federal law for four decades, that vested pension benefits would not be cut.
