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The Australian Seniors Card is a card issued by various Australian State and Territory governments to permanent residents, over a particular age, who work no more than a set number of paid hours per week, or based on state or territory requirements. [1] In New South Wales(NSW) for example, green Medicare card holders can apply
Western Australia was the first jurisdiction in Australia to introduce the Seniors Card. The Hon. Kay Hallahan MLA, Minister for the Aged, stated that the Seniors Card was introduced due to requests from seniors who needed a form of identification so they could take advantage of a number of concessions offered by the private sector.
Only Pensioner and Commonwealth Seniors Concession Card holders can apply for a transport concession card. Commonwealth Seniors Health Card – a HCC issued to senior citizens Pensioner Concession Card – this offers additional benefits to the Pensioner, including pensioner transportation fares (in some areas), and a certain number of free ...
Survivors' pension - Survivors pension is provided to the nominees of the insured person in event of death of the insured person. As per Islamic teachings old parents and young widows are included in the survivor pension program. As per EOBI rules, parents of the unmarried employee gets pension for 5 years in case of employee's death.
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Retirement Insurance Benefits (abbreviated RIB [1]) or old-age insurance benefits [2] are a form of social insurance payments made by the U.S. Social Security Administration paid based upon the attainment of old age (62 or older). Benefit payments are made on the 3rd of the month, or the 2nd, 3rd, or 4th Wednesday of the month, based upon the ...
Employees hired after 1983 are required to be covered by the Federal Employees Retirement System (FERS), which is a three tiered retirement system with a smaller defined benefit (pension), Social Security, and a 401(k)-style system called the Thrift Savings Plan (TSP). The defined benefits of both the CSRS and the FERS systems are paid out of ...
Various federal tax provisions of the Internal Revenue Code apply to pension plans. Similar rules apply to profit-sharing plans and stock bonus plans, which are commonly used for retirement savings. Significant portions of these tax law provisions parallel portions of ERISA (see discussion in a preceding section of this article).