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The Supplemental Pension Fund portion is paid equally by the employer and the employee. This fund covers the cost of living adjustments to wage replacement and pension benefits.
What is a supplemental pension plan?
Employees benefit from receiving a supplemental retirement benefit that is only taxable when they receive income in retirement. At that point, most executives will be in a lower tax bracket than when working. The plan can be tailored to meet the specific needs of individual employees.
What are supplemental benefits in Washington state?
A supplemental benefit is a payment from an employer to an employee to make up the difference between their regular wage and the benefit paid by ESD. These payments are in addition to any paid family or medical leave benefits you are receiving.
What is a supplemental needs trust in Washington state?
Special Needs Trusts can be set up for someone diagnosed with a disability at any age. But certain kinds of trusts must be created before you turn 65 to avoid problems with SSI and Medicaid. How do I open an ABLE account? ❖ This information is about the Washington State ABLE Savings Plan.
What is the Western Washington Supplemental Pension Plan?
Supplemental retirement funds are optional programs offered to all WWU employees and are a great way to bolster resources to help plan for the retirement you want! WWU employees are able to enroll in one or both supplemental retirement fund options regardless of retirement plan selection.
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Are supplemental retirement plans good?
Its a lump-sum cash award, designed to offset the effects of your reduced pension contributions due to your service-related disability.
Related links
UW Supplemental Retirement Plan - Benefits
The UW Supplemental Retirement Plan (UWSRP) provides extra retirement income to some members of the UW Retirement Plan (UWRP).
The governors proposed budget for state construction projects, grants and loans for local governments, and to build and improve schools and facilities for
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