Phrases with «pension smoothing»

"Pension smoothing" refers to a financial strategy used by companies or governments to temporarily reduce their required contributions to pension plans. It involves adjusting the way pension plan liabilities and funding obligations are calculated, which can artificially lower current contribution amounts. However, this approach also postpones and increases future pension costs. Full definition

pension smoothing

Sentences with «pension smoothing»

The Citizens Budget Commission, a NYC - based budget watchdog organization, has added its voice to the list of those calling for rejection of Gov. Andrew Cuomo's controversial pension smoothing proposal, warning it has the potential to «endanger the future financial viability of the pension plans.» (nystateofpolitics.com)
He famously joined forces with Syracuse Mayor and State Democratic Party Co-Chair Stephanie Minor to oppose the governor's pension smoothing plan for municipalities. (nystateofpolitics.com)
Mayor Stephanie Miner said the new estimate confirms her criticism of pension smoothing, a fixed - rate payment option Gov. Andrew Cuomo proposed a month ago in his budget. (syracuse.com)
(see all sentences)

Phrases with «pension smoothing»

Sentences with «pension smoothing»

See also