When both the employee and spouse are age 65, the employee's pension is reduced by 10 percent to provide the spouse with an annuity of 55 percent of the reduced pension. Thus, the 55-percent option would yield a spouse annuity equal to 49.5 percent of the employee's normal, straight-life pension (90 percent x 0.55).or example, a plan may provide a spouse's pension if death occurs at any age with 10 years of service, although early retirement is at age 55 with 10 years of service. A small number of plans had age requirements for the spouse's benefit more stringent than those for early retirement.
definition : lapel. Lapels are the folded flaps of cloth on the front of a jacket or coat, and are most commonly found on formal clothing and suit jackets. Usually they are formed by folding over the front edges of the jacket or coat and sewing them to the collar, an extra piece of fabric around the back of the neck.
Define bagel. bagel synonyms, bagel pronunciation, bagel translation, English dictionary definition of bagel. n. A glazed, ring-shaped roll with a tough, chewy texture, made from plain yeast dough that is dropped briefly into nearly boiling water and then baked.