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How long does it take for a payout from retirement and pension fund?
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∙ 11y ago
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Wiki User
∙ 11y ago
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How is an annuity opposite a life insurance policy?
There are basically two risks in life - that of dying early and that of living too long. Life insurance - basically term insurance - covers the former while endowment insurance covers the latter. But the question of living too long can not be easily covered by endowment insurance where the payout is immediate on the happening of the covered event, that is, maturity. The payment is in one lump sum mostly. Annuities are basically used to cover this eventuality of living too long, by paying money in installments spread over a long period of time - mostly till death. This method therefore forms the basis of pension business. The funding methods are also different - the collected fund is used to form a corpus from where the payouts are made. Therefore pension funds need long term investment avenues with good returns. After all nobody can be sure how long somebody will leave, but pension funds have to ens ure the payments till death - at the same rates as the first installment.
What is ING variable annuity for?
ING variable annuities are long-term investments typically used for planning for retirement. The insurance company pays the insured but the value of the fund fluctuates with the market and isn't guaranteed.
How long do you need to work for a company to be vested for a pension?
It will depend on the laws of the country you are in. In the US it tends to be 5 years for full vesting in most retirement programs. Now, most places provide a 401K type arrangement, which has no minimum vesting point, you get what you contribute.
How do you use retirement in a sentence?
Here are three sentences using the word 'retire': "John is hoping to retire once he has enough in his pension." "I am going to retire to bed because I am tired." "When people retire, it can be a sad time for them, particularly if they've worked for the company for a long time."
How long for electronic fund transfer to take place?
how long for elctronic transfer of funds
How long you have to be working for the union to get pension?
A pension will be paid as long as the pensioner remains alive, and the pension fund is not bankrupt.
Is pension fund a current liability or non current liability?
A pension fund is considered a non-current asset but it is a long term investment fund .
Is a working spouse entitled to the others pension fund at divorce?
Depends on when the other person earned the pension, how long you were married and what state you live in.
How long does it take to get your money from the provident fund?
When you reach retirement age or when you resign
What is difference between pension and gratuity?
A gratuity is like a gift or a free present. Pension is the plan for retirement after long work for many years. Pension in always related to retired, old people.
How much pension do Indian airline pilot get after retirement?
That would depend on how long the pilot worked for Indian Airlines and how much was put tinto the pension over the years of work.
How long does a congressman have to hold office to get retirement?
how long do you have to be in congress and the house of representative to gualitfy for a pension
What is a better stocks Mutual fund or bonds for retireme?
For a standard retirement plan whether 15 years is short or long term depends on the age at which you could being to invest.For example if you start a retirement fund at the age of 20, 15 years would be a short term.It is not possible to say which is the better option for a retirement plan but mutual fund seems to be the most beneficial in long term.There are many portals that gives you the information like Reliance mutual fund, ICICI,HDFC.
Who do you contact about pension from Eckerd Drugs?
i need info on my retirement info from Eckerd Drug
Do people who serve in the military receive Medicare and Social Security?
At this time not any more after they stay long enough to retire from the military and receive the retirement pension.
What special factors are there when using the 401k retirement calculator if you live in Anchorage Alaska?
The main factor to consider is that Alaska pays a retirement fund to all retired residence that have lived there long enough to qualify and could live free at a state retirement home.
How long must one work for the railroad full time to qualify for a railroad pension Under the Railroad Retirement Act?
I am thinking it is 10 years. If you want to research it yourself go to www.rrb.gov and look on the Railroad Retirement Boards website.
