Current statements of all retirement accounts owned by each spouse such
as company pension plans, 401 (K) s, 403 (b) s, 457's Thrift Savings Plans, TIAA - CREF, Traditional and Roth IRA's, SEP IRA's.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals
as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such
as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on
pension plan assets and the impact of future discount rate changes on
pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such
as U.S. export control laws and U.S. and foreign anti-bribery laws such
as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such
as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the
Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers,
as well
as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco
as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase
plan, among other things.
To that point, 92 percent of the 3,500 - plus readers who had taken our survey
as of Dec. 4 said they would not roll over their 401 (k) funds into a
company pension plan.
Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8)
company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13)
pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to
as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined
company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined
company, to retain and hire key personnel.
As boomers know, the longstanding tradition of
company pension plans has been disappearing in favor of 401 (k)
plans.
[31] Therefore, from June 9, 2017, until January 1, 2018, insurance agents, insurance brokers,
pension consultants and insurance
companies will be able to continue to rely on PTE 84 - 24,
as previously written, [32] for the recommendation and sale of fixed indexed, variable, and other annuity contracts to
plans and IRAs, [33] subject to Start Printed Page 16917the addition of the Impartial Conduct Standards.
(a) Schedule 2.7 (a) of the Disclosure Schedule contains a list setting forth each employee benefit
plan, program, policy or arrangement (including any «employee benefit plan» as defined in Section 3 (3) of the Employee Retirement Income Security Act of 1974, as amended («ERISA»)(«ERISA Plan»)-RRB-, including, without limitation, employee pension benefit plans, as defined in Section 3 (2) of ERISA, multi-employer plans, as defined in Section 3 (37) of ERISA, employee welfare benefit plans, as defined in Section 3 (1) of ERISA, deferred compensation plans, stock option plans, bonus plans, stock purchase plans, fringe benefit plans, life, hospitalization, disability and other insurance plans, severance or termination pay plans and policies, sick pay plans and vacation plans or arrangements, whether or not an ERISA Plan (including any funding mechanism therefore now in effect or required in the future as a result of the transactions contemplated by this Agreement or otherwise), whether formal or informal, oral or written, under which (i) any current or former employee, director or individual consultant of the Company (collectively, the «Company Employees») has any present or future right to benefits and which are contributed to, sponsored by or maintained by the Company or (ii) the Company or any ERISA Affiliate (as hereinafter defined) has had, has or may have any actual or contingent present or future liability or obligat
plan, program, policy or arrangement (including any «employee benefit
plan» as defined in Section 3 (3) of the Employee Retirement Income Security Act of 1974, as amended («ERISA»)(«ERISA Plan»)-RRB-, including, without limitation, employee pension benefit plans, as defined in Section 3 (2) of ERISA, multi-employer plans, as defined in Section 3 (37) of ERISA, employee welfare benefit plans, as defined in Section 3 (1) of ERISA, deferred compensation plans, stock option plans, bonus plans, stock purchase plans, fringe benefit plans, life, hospitalization, disability and other insurance plans, severance or termination pay plans and policies, sick pay plans and vacation plans or arrangements, whether or not an ERISA Plan (including any funding mechanism therefore now in effect or required in the future as a result of the transactions contemplated by this Agreement or otherwise), whether formal or informal, oral or written, under which (i) any current or former employee, director or individual consultant of the Company (collectively, the «Company Employees») has any present or future right to benefits and which are contributed to, sponsored by or maintained by the Company or (ii) the Company or any ERISA Affiliate (as hereinafter defined) has had, has or may have any actual or contingent present or future liability or obligat
plan»
as defined in Section 3 (3) of the Employee Retirement Income Security Act of 1974,
as amended («ERISA»)(«ERISA
Plan»)-RRB-, including, without limitation, employee pension benefit plans, as defined in Section 3 (2) of ERISA, multi-employer plans, as defined in Section 3 (37) of ERISA, employee welfare benefit plans, as defined in Section 3 (1) of ERISA, deferred compensation plans, stock option plans, bonus plans, stock purchase plans, fringe benefit plans, life, hospitalization, disability and other insurance plans, severance or termination pay plans and policies, sick pay plans and vacation plans or arrangements, whether or not an ERISA Plan (including any funding mechanism therefore now in effect or required in the future as a result of the transactions contemplated by this Agreement or otherwise), whether formal or informal, oral or written, under which (i) any current or former employee, director or individual consultant of the Company (collectively, the «Company Employees») has any present or future right to benefits and which are contributed to, sponsored by or maintained by the Company or (ii) the Company or any ERISA Affiliate (as hereinafter defined) has had, has or may have any actual or contingent present or future liability or obligat
Plan»)-RRB-, including, without limitation, employee
pension benefit
plans,
as defined in Section 3 (2) of ERISA, multi-employer
plans,
as defined in Section 3 (37) of ERISA, employee welfare benefit
plans,
as defined in Section 3 (1) of ERISA, deferred compensation
plans, stock option
plans, bonus
plans, stock purchase
plans, fringe benefit
plans, life, hospitalization, disability and other insurance
plans, severance or termination pay
plans and policies, sick pay
plans and vacation
plans or arrangements, whether or not an ERISA
Plan (including any funding mechanism therefore now in effect or required in the future as a result of the transactions contemplated by this Agreement or otherwise), whether formal or informal, oral or written, under which (i) any current or former employee, director or individual consultant of the Company (collectively, the «Company Employees») has any present or future right to benefits and which are contributed to, sponsored by or maintained by the Company or (ii) the Company or any ERISA Affiliate (as hereinafter defined) has had, has or may have any actual or contingent present or future liability or obligat
Plan (including any funding mechanism therefore now in effect or required in the future
as a result of the transactions contemplated by this Agreement or otherwise), whether formal or informal, oral or written, under which (i) any current or former employee, director or individual consultant of the
Company (collectively, the «
Company Employees») has any present or future right to benefits and which are contributed to, sponsored by or maintained by the
Company or (ii) the
Company or any ERISA Affiliate (
as hereinafter defined) has had, has or may have any actual or contingent present or future liability or obligation.
Other
company benefits, such
as a 401 (k) or
pension plan, help you build retirement security over time.
The Canada
Pension Plan Investment Board (CPPIB), meanwhile, invested $ 250 million in Markit
as part of the
company's IPO in 2014, which at the time represented a 6 % ownership stake.
While employers would be required to pay one half of the cost of the modest premium increase required to finance an enhanced CPP,
companies which sponsor defined benefit
pension plans would not face additional costs since the great majority of these
plans are fully integrated, meaning that they would pay out less
as CPP benefits were increased.
Speakers include senior representatives from the Province of Ontario and the Government of Canada,
as well
as Dominic Barton, Global Managing Director, McKinsey &
Company; ABLAC Chair Rajiv Lall, CEO of India's IDFC Bank; BMO Financial Group Vice-chair Kevin Lynch; Mark Machin, ABLAC Vice-chair and President & CEO of Canada
Pension Plan Investment Board; Global Affairs Canada's Jonathan Fried; and, APF Canada President and CEO, Stewart Beck.
The 401 (k) was originally developed
as a supplement to traditional defined - contribution (
pension)
plans, but
company cost - cutting over the years means that the 401 (k) has become one of the primary ways Americans save for retirement.
An overwhelming majority of ESOP
companies have other retirement and / or savings
plans, such
as defined benefit
pension plans or 401 (k)
plans, to supplement their ESOP.
He pointed to the power the city's
pension funds have in the
companies they invest in,
as well
as the ability to audit the city's finances
as the tools he
planned to use should he get elected.
After a little investigating, I discovered that these types of
companies were hungry for scientists and offered many nice benefits, such
as 40 - to 50 - hour weeks, higher salaries, paid vacations, and medical, dental, and
pension plans.
Group
plans tends to have pretty low fees —
as long
as your
company's
pension consultant is a good one — and retail investment fees are usually higher by comparison.
They'll also want to determine the income you expect to receive in retirement, including CPP, OAS and
company pension plan payments,
as well
as any dividends from stocks or income from rental properties.
Doug Hoyes: So, the real decision though is how much am I going to need over and above what will be there from things like CPP, OAS or if I'm one of the lucky ones who have a
company pension plan, how much over and above that I will need and that's where it all comes back to tracking your spending now so that you can then take a guess projection
as to what the future will hold.
Their new sense of vulnerability was causing them to rethink their finances,
as neither had a
company pension to fall back on and losses in their RRSPs threatened to capsize their retirement
plans.
As for her
company pension, Maria stayed in the
plan for a couple more years after receiving her severance, but then had the $ 190,000 commuted value transferred into her LIRA (Locked - In Retirement Account).
Canada
Pension Plan Investment Board has expressed an interest in investing up to US$ 450 million to buy a stake in Markit Ltd.,
as part of the U.K. - based financial information
company's initial public share offering.
The most common type of
company pension is what is known
as a defined contribution
plan.
As a 59 - year - old training administrator for a mining
company, Heather is a member of her
company's defined contribution
pension plan.
To maximize your
pension income, you should join your
company pension plan if there is one, and keep
as much of your retirement savings in an RRSP
as you can, even if that means forgoing the lower tax rates on capital gains and dividends.
The firm is owned by its employees and,
as of September 2014, managed $ 5 billion for institutions, retirement
plans, insurance
companies, foundations, endowments, high - net - worth individuals, investment
companies, corporations,
pension and profit sharing
plans, pooled investment vehicles, charitable organizations, state or municipal governments, and limited partnerships.
Some insurance
companies as well
as retirement and
pension plans have similar governing rules.
Jim Yih is a financial educator who chucked his career
as an investment adviser to help
companies make their employees smarter about
pension plans and other money matters.
However, now
companies are shifting away from offering
pensions, also known
as defined benefits, to offering defined contribution
plans or 401 (k)'s.
As concern regarding the instability of Social Security continues to grow and
company pension plans become rare, Americans are looking for new ways to secure their financial future.
With 401 (k)
plans more prevalent
as retirement savings vehicles, you'll most likely manage your own retirement assets, unlike the days when
company pension funds did the work for you.
Prior to joining Sun Life Assurance
Company of Canada in 2013, he had roles at a major Canadian
pension plan implementing and managing its credit long / short strategy and then
as Trader / Portfolio Manager in its Global Capital Markets division.
We had boom years in the»90s, and most DB
pension plans were overfunded for a while, but the boom gave the illusion that returns would be stupendous for a long time, and
companies stopped contributing
as much or at all to their DB
plans.
The first wave will see full - time and part - time workers at large
companies with more than 500 employees and no comparable workplace
pension plan start mandatory contributions
as of Jan. 1, 2017.
Please remember that the RRSP was created so people who did not have a
company pension plan would have the same opportunity to build retirement assets
as those lucky enough to belong to a
plan at work.
My
company pension plan offers me the option of taking a lump sum of about $ 775,000 or a monthly annuity payment of $ 3,600 that would go to me or my wife
as long
as either of us is still alive.
Ryan Labs Asset Management Inc. (Ryan Labs), a Sun Life Investment Management
company, has announced the launch of their Defensive Risk Premia (DRP) strategy for corporate and public
pension plans,
as well
as other institutional investors.
In 2014, it paid $ 1.3 billion for U.K. - based wealth management firm F&C Asset Management, which sells investment services to individuals and institutional clients, such
as pension plans and insurance
companies.
The Problem
As a 59 - year - old training administrator for a mining
company, Heather is a member of her
company's defined contribution
pension plan.
The maximum annual contribution limit for the taxation year MINUS any
company sponsored
pension plan contributions (defined
as PA, or short for
pension adjustment on your T4 slip.
The province
plans to hike taxes for individuals earning more than $ 150,000
as well
as levies on aviation fuel and tobacco, and create an Ontario
pension plan that will require contributions from both employees and
companies.
She
plans to claim her CPP at age 60 and collect OAS at 65,
as well
as $ 5,400 annually from a small
company pension.
PRPPs have been touted
as a low - cost alternative to
company pension plans for small businesses.
The research says lowering
pension contributions for
company plans — such
as defined - benefit vehicles — would put more money in the pockets of families that are raising kids and paying down mortgages.
Examples include purchasing directly from a fund
company, via a broker in a taxable brokerage account, or inside another tax deferred
pension plan such
as an IRA.
As pension - style retirement
plans have fallen by the wayside, the 401 (k)
plan has become the go - to option for many
companies looking to help employees save for retirement.
NEW YORK, Feb. 27, 2018 / PRNewswire / - Ryan Labs Asset Management Inc. (Ryan Labs), a Sun Life Investment Management
company, today announced the launch of their Defensive Risk Premia (DRP) strategy for corporate and public
pension plans,
as well
as other institutional investors.
Doug Hoyes: Yeah, and I guess if you're retired but you've got a significant
pension, perhaps you worked for a
company that had a full
pension plan, maybe you were a government employee and worked for a big
company, than you still have significant income coming in just not enough to be servicing all the debts so you don't want to do a bankruptcy with the negative implications for that so in those cases, a consumer proposal does work
as well then.
They should know that Social Security and
company pension plans are no longer reliable retirement income options — especially the latter,
as private - sector employers eschew defined - benefit
plans in favor of defined - contribution
plans such
as 401 (k)
plans, which shift much, if not all, of the savings burden onto the employee.
As times have changed, so have the importance and impact of various issues related to
company pension plans.
These are known
as «
pension plans,» and are rare because of the high costs involved (to the
company).