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A pension (UK: / ˈ p ɒ̃ s j ɒ̃ /, US: / p ɒ n ˈ s j oʊ n /; [1] French: [pɑ̃sjɔ̃] ⓘ) [2] is a type of guest house or boarding house. This term is typically used in Continental European countries, in areas of North Africa and the Middle East that formerly had large European expatriate populations, and in some parts of South America ...
Addition of various requirements for a pension plan to be tax-favored ("qualified"), including: The plan must offer retirees the option of a joint-and-survivor annuity; Plan benefits may not discriminate in favor of officers and highly paid employees; Plans are subject to the pension funding and vesting rules described above.
In the Philippines a pension hotel is somewhat different from pension lodging. A pension hotel is usually not a boarding house, but is a real hotel. 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 ...
Tontine Hotel sign, Ironbridge, Shropshire, UK A tontine (/ ˈ t ɒ n t aɪ n,-iː n, ˌ t ɒ n ˈ t iː n /) is an investment linked to a living person which provides an income for as long as that person is alive.
At the outset of the Civil War the General Law pension system was established by congress for both volunteer and conscripted soldiers fighting in the Union Army. [4] Payouts derived from this plan were based on degree of injury and subject to review by government boards. By 1890, general old-age pensions were incorporated for Union veterans. [5]
A pension (/ ˈ p ɛ n ʃ ən /; from Latin pensiō ' payment ') is a fund into which amounts are paid regularly during an individual's working career, and from which periodic payments are made to support the person's retirement from work.
One of the last remaining textile mill boarding houses in Lowell, Massachusetts, on right; part of the Lowell National Historical Park. A boarding house is a house (frequently a family home) in which lodgers rent one or more rooms on a nightly basis and sometimes for extended periods of weeks, months, or years.
The Pension Protection Act cracks down on supporting organizations, particularly Type III supporting organizations. The Act applies further regulations and penalties that takes away several of the privileges that supporting organizations have over private foundations, such as applying private foundation law of excess benefit transactions, excess business holding rules, and pay out requirements.