The act of reconsidering the referral of a measure to a committee or committees. Reading: A vote by the Assembly or Senate on a bill or resolution. Approval of a bill requires three readings by the Assembly and three readings by the Senate.
1 Pension reform is required because people are living longer. 2  Today, a 60-year-old doctor retiring can expect to enjoy 29 years of retirement. 3  This means drawing a pension for almost the same time as they worked for the NHS - 36 years. Compare this with a newly qualified doctor joining the reformed scheme after 2015. 2  He can expect a pension of over Â£53,000 at age 65 (the normal pension age for new joiners) or a pension of around Â£68,000 a year at his state pension age of 68.
1 For example, if your pension provides for $1,000 per month payable beginning at age 65 and you decide to begin drawing payment at age 60, you'll receive $700 a month for the rest of your life if the applicable reduction is 0,5% per month early. Instead of receiving your pension, you may have the option of transferring the value of your accumulated benefits to a locked-in retirement account (LIRA), a life income fund (LIF), or other eligible vehicle, usually before the age of 55. 2  Some restrictions apply.