Every judge appointed to such a court may be categorized as a federal judge; such positions include the Chief Justice and Associate Justices of the Supreme Court, Circuit Judges of the courts of appeals, and district judges of the United States district courts.s of 2015, federal district judges are paid $201,100 a year, circuit judges $213,300, Associate Justices of the Supreme Court $246,800 and the Chief Justice of the United States $258,100.
3. Life expectancy pensions and annuities. A life expectancy pension or annuity is one of a number of products that you can buy with a lump sum from a superannuation fund or other money to give you an income during your retirement. For the purposes of the income test for the age pension, income from an account based (also known as an allocated pension) or annuity will be reduced by an amount that represents the return of your capital. 2  This has not changed. 3  An account based income stream is assessed under the assets test for the age pension.
Read: 401K Contribution Limits. Typically, a pension will offer several different annuity payout options, and possibly a single lump-sum option. An âannuity payoutâ option is essentially a monthly benefit that is paid to you for life (and possibly the life of a spouse). Some pension plans may offer a âperiod certainâ payout option as well. Below is a summary of some of the typical annuity options: In addition to the basic options above, some pension plans will offer some unique strategies such as income-leveling or âpop-upâ provisions that are great in certain situations.