Sentences with phrase «pension liabilities part»
TUPE: Pension Liabilities Part 7: Impact of Employer Insolvency on Pensions 14.
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Last month, MetLife announced it would bolster reserves by as much as $ 575 million to make up for unrecorded pension liabilities as part of its pension risk transfer and group annuity business to group annuitants who went missing.
Expenses for all other departments and agencies advanced $ 909 million (4.8 %), reflecting in part increased liabilities for employee pension and other future benefits.
Expenses for all other departments and agencies advanced $ 1.6 billion (6.1 %), also reflecting, in part, the impact of new initiatives proposed in Budget 2016 and increased liabilities for employee pension and other future benefits.
«Every economic expert knows that a retirement incentive program, despite some short - term savings, can wreak havoc on long - term fiscal health, as was reiterated by the recent Boston College study on pension liabilities, and that's why House Democrats have opposed retirement incentive plans as part of this deficit mitigation proposal,» Sharkey and Aresimowicz said in a statement.
For his part, Emanuel was still pressing for a delay to address the city's pension situation, as unfunded pension liabilities for the city alone reached $ 19 billion.
In 2011 Illinois increased the vesting period as part of a pension reform law to reduce the state's unfunded pension liability.
In January, a company that has performed independent audits of LA Unified for seven years told a school board committee that the district had gone into the red for the first time, with liabilities outstripping assets by $ 4.2 billion, in large part because of having to report $ 5.2 billion in retiree pension liabilities.
As the asset is not being dealt with for the sole purpose of enabling the fund to discharge all or part of its liabilities in respect of superannuation income stream benefits, it can not be a segregated current pension asset under subsections 295 - 385 (3) or 295 - 385 (4) of the ITAA 1997.
Many other states still face a precarious fiscal situation in large part due to unfunded pension and other liabilities for public employees.