Sentences with phrase «if local government pension»
If Local Government Pension Scheme (LGPS) funds deliver insufficient returns to meet promises to LGPS members councils have to make up the difference.
http://conservativehome.blogs.com/ Not exact matches
Similarly, the amount state and local governments will have to pay into the state's main pension fund for other public employees would double to nearly $ 4 billion — even if most localities opt into a borrowing scheme approved this year by lawmakers to soften the blow.
Our Karen DeWitt asked the Assembly leader if he was in favor of the «pension smoothing» plan outlined by the governor that will allow local governments to lock in a rate now to reduce current payments while defering a portion of the costs down the road.
Pension costs are in fact a crisis for many local governments and will only get worse if we ignore them.»
The agreement finally reached on the local government pension scheme after the government made significant concessions has rather less to do with official generosity than fear about the consequences if the scheme were so eviscerated that hundreds of thousands of local government workers might decide there was no point in continuing to contribute to it since, if they walked away, they would still get the same amount of money in retirement from means - tested income support.
Talk of coordinated union action over pensions may be unachievable therefore, if the government makes concessions to the unions in the local authority scheme, but not to teachers, civil servants or the NHS.
If state and local governments are required to pour money into pension debts, that's money they won't have available to support other government services, including higher education.
(In the case of state and local government pensions, the waiver requirement, if any, varies by state.
GPO only applies if you receive a pension from a federal, state, or local government based on work for which you didn't pay Social Security taxes and then apply for a spouses, widows or widowers benefit.
If you're part of one of the regional pension funds in the Local Government Pension Scheme (LGPS) then you might want to take pension funds in the Local Government Pension Scheme (LGPS) then you might want to take Pension Scheme (LGPS) then you might want to take a look.