The liabilities that caused the greatest funding strain were those such
as pension increases and deferred pensioner liabilities, as these were fixed at a particular level of increase that was much higher than the medium term prospects for interest rates in the UK.
If you don't need the cash flow at 60, which is the earliest you can begin your withdrawals, delaying until as late as age 70 may make sense in some situations
as the pension increases the later you take it.
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.
Some employees opt out at first,
as they don't want to lose the immediate income, but
as their salary
increases or they start to get older, many realize the importance of having a
pension and decide to opt back in.
Many have pointed out that the emphasis should instead be on
increasing workplace
pension coverage and educating those still not covered to save more and save more effectively, using lower - fee options such
as exchange - traded funds.
While these chief executives received a 7.17
increase in collective direct compensation for the fiscal year, they received even more when taking into account other elements such
as pension value.
The target cuts, in turn, can lead to
increased contributions from employees and their employers to fund the
pension systems
as their reliance on investment returns decreases.
Atherton also advises couples with
pensions to delay taking Social Security until age 70,
as most of these couples don't actually need the funds right away and their Social Security amount will
increase 8 % each year they wait.
[74] In 2008, Corzine approved a law that
increased the retirement age from 60 to 62, required that government workers and teachers earn $ 7,500 per year to qualify for a
pension, eliminated Lincoln's Birthday
as a state worker holiday, allowed the state to offer incentives not to take health insurance and required municipal employees work 20 hours per week to get health benefits.
According to a 2015 Glassdoor survey, 31 percent of workers valued a workplace retirement account, such
as a 401 (k) or
pension plan, over an
increase in pay.
If parliament gives its nod, Greek voters will be asked to rule on two complex draft documents that detail a proposal by the country's creditors to unlock aid of
as much
as 15.5 billion euros for Greece in return for sales - tax
increases and
pension reforms.
As more local governments find themselves unable to meet the increasing costs, particularly related to pensions and retiree health benefits, municipalities have begun to more seriously consider debt restructuring under the bankruptcy code as an option for right - sizing their budget
As more local governments find themselves unable to meet the
increasing costs, particularly related to
pensions and retiree health benefits, municipalities have begun to more seriously consider debt restructuring under the bankruptcy code
as an option for right - sizing their budget
as an option for right - sizing their budgets.
In addition, we believe that certain institutional investors, including sovereign wealth funds and public
pension funds, could in the future demonstrate an
increased preference for alternatives to the traditional investment fund structure, such
as managed accounts, smaller funds and co-investment vehicles.
Direct program expenses were up $ 1.0 billion (5.5 %), primarily due to the timing of payments
as well
as an
increase in federal government employee
pension and other future benefit liabilities, reflecting the impact of lower interest rates.
And this situation is becoming worse
as pensions are rapidly becoming a thing of the past, life expectancies along with accompanying health care costs are
increasing, and even social security is facing a crisis point.
However, headwinds in
pension expense will hamper earnings growth in 2013,
as a historically low discount rate at our May 31, 2012, measurement date will
increase these costs by approximately $ 150 million.
Second,
as the population ages and the number of retirees climbs, the costs associated with Social Security, government
pensions, and healthcare retirement benefits
increase.
Watch out for a cut in your income
as the workplace
pension contribution
increases next tax year
Pension assets
increased for a fourth successive quarter
as global markets maintained their winning streak during the three months ending June 30...
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.
As the need to lift returns
increases, expect struggling U.S. public
pensions to adopt at least some of their northern neighbors» approach.
Those
increases have drawn the notice of institutional investors, such
as pension funds and insurance companies, which have turned to real estate
as low interest rates have reduced returns from other steady investments, such
as bonds.
Among the explanations that have been put forward are the
increased credibility of central banks in controlling inflation (inflation rates remain below 3 per cent across the developed world), the low level of official interest rates in the major economies reflecting low inflation and the continuing weakness in some economies, a glut of savings on world markets particularly sourced from the Asian region, and changes to
pension fund rules in some countries which are seen
as biasing investments away from equities towards bonds.
Concerns focused on the profitability of banks, insurance companies and
pension funds,
as well
as on the
increase in corporate
pension obligations.
As pension funds, hedge funds and mutual funds recovered from the crisis, traders, portfolio managers and treasurers said in interviews with Global Finance that their exposure to derivatives is actually increasing as a means of hedging against further volatility in the market
As pension funds, hedge funds and mutual funds recovered from the crisis, traders, portfolio managers and treasurers said in interviews with Global Finance that their exposure to derivatives is actually
increasing as a means of hedging against further volatility in the market
as a means of hedging against further volatility in the markets.
Among them are the rights to: bullet joint parenting; bullet joint adoption; bullet joint foster care, custody, and visitation (including non-biological parents); bullet status
as next - of - kin for hospital visits and medical decisions where one partner is too ill to be competent; bullet joint insurance policies for home, auto and health; bullet dissolution and divorce protections such
as community property and child support; bullet immigration and residency for partners from other countries; bullet inheritance automatically in the absence of a will; bullet joint leases with automatic renewal rights in the event one partner dies or leaves the house or apartment; bullet inheritance of jointly - owned real and personal property through the right of survivorship (which avoids the time and expense and taxes in probate); bullet benefits such
as annuities,
pension plans, Social Security, and Medicare; bullet spousal exemptions to property tax
increases upon the death of one partner who is a co-owner of the home; bullet veterans» discounts on medical care, education, and home loans; joint filing of tax returns; bullet joint filing of customs claims when traveling; bullet wrongful death benefits for a surviving partner and children; bullet bereavement or sick leave to care for a partner or child; bullet decision - making power with respect to whether a deceased partner will be cremated or not and where to bury him or her; bullet crime victims» recovery benefits; bullet loss of consortium tort benefits; bullet domestic violence protection orders; bullet judicial protections and evidentiary immunity; bullet and more...
In two Sleepy Hollow advisory referendums, voters rejected an
increase of up to 5 percent in the village levy
as well
as the creation of a police
pension fund.
In order to pay for higher
pensions pay - outs, Lord Turner recommended the amount of money the government spends on the state
pension increase from 6.2 per cent of gross domestic product,
as it is today, to between 7.5 and eight per cent.
The current dispute dates back to a 2007 «cap and share» agreement, in which teachers» unions agreed to accept
increased pension contributions - so long
as the government came up with evidence that the move is necessary.
This morning Baroness Altmann, who quit
as pensions minister last month, said she believed the commitment to
increasing by 2.5 % should be dropped at the next general election.
To avoid a similar fiasco, the SPD has insisted this time on a number of social policies in the 2013 coalition treaty, such
as the introduction of a minimum wage, more flexibility in the
pension system, an
increase in old - age
pensions and benefits for the chronically ill
as well
as an
increase in social expenditure on matters like education, health and family benefits.
10 percent dosesn't seem too much to me
as the
pension recipient age
increases.
As falling GDP, rising unemployment, cuts in wages and
pensions,
increases in taxes, cuts in public services all continue to bite, the question may not be why are there so many protests in Greece but rather why there aren't more.
Apparently labour introduced an
increase of
pension age to 65 in 1995 but failed to inform the women of the 50's who would be most directly affected, the government failed its legal duty to inform all women personally of this change, they tried to get away with this by stating they didn't have any current details, except they forget that they have all details from PAYE, us women still received all our NI demands and self - assessments
as well
as any tax or child benefit details, so they do have out details, they just failed to carry out this legal action.
When he had the chance to
increase disability benefits three years ago,
as part of his 2012 legislation to create a new
pension tier called «Tier VI,» he instead maintained cuts that were put in place during the economic downturn in 2009 by his predecessor, David Paterson.
Board member James Vitiello, who represents Dutchess County, said that while he shares Pally's empathy for riders, he does not believe the MTA can afford to give up the fare
increases — a move he said would set a «dangerous precedent»
as the MTA wrestles with nearly $ 50 billion in debt and unfunded
pension liabilities.
SSNIT also believes the 18 %
increase is realistic
as this will help sustain the fund into the future and enable the scheme to
increase and pay the
pensions of pensioners every year.
Moody's found that in New York City
pensions there have not been
as well funded, with unfunded liabilities
increasing in recent years.
The
Pensions debate
as just one piece of the jigsaw is not about affordability it is about
increasing employee contributions - OUR contributions so that there is huge scope to reduce the contributions of the employer.
The projected
increase to # 6,999 in the value of the basic state
pension does not include any additional entitlements such
as SERPS and the second state
pension, which already average more than # 1,000 a year.
While he slashed stamp duty for almost every first - time buyer (outside London) he conspicuously avoided provoking older voters;
pension tax reliefs remain sacrosanct,
as does the winter fuel allowance and the «triple lock» on
pension increases...
«I am worried by the idea that by the mid part of this century, asking people to retire at 70 — incidentally, the age intended by Lloyd George in his great Act of 1908 — will be seen
as the way to fix this problem, because we may not correct everything that we hope to correct just by
increasing the state
pension age and doing everything contained in this excellent Bill.
He was elected in 2010
as a «new Democrat» who married centrist economic policies — a cap on property tax
increases, business tax cuts, a reduction in
pension benefits for new public employees — with liberal social policies like strict gun control and support for same - sex marriage.
In his first two years
as governor, Cuomo proposed and won a 2 percent limit on property tax
increases and a new, less generous
pension tier for state workers.
From the creation of an independent commission on government ethics, to
increasing financial disclosure, to stripping
pensions from public officials convicted of felonies (Governor Cuomo says he is going to introduce a bill on this
as well, but hasn't to date.)
NYC Council Speaker Melissa Mark - Viverito, in a letter to the Patrolmen's Benevolent Association, said that she will support an
increase to the
pension for cops hired after 2009
as long
as cops contribute a «reasonable» amount toward the it.
The state investigation into the use of overtime to
increase the
pensions of public employees, started with great fanfare in 2010 when then - AG Cuomo was prepare to run for governor, has been dropped without so much
as a report.
«
As unpopular as it may be to talk about working longer - the simple fact is that if we aren't prepared to increase the state pension age, we will simply pass an ever greater and frankly unsustainable burden onto our children and grandchildren,» he sai
As unpopular
as it may be to talk about working longer - the simple fact is that if we aren't prepared to increase the state pension age, we will simply pass an ever greater and frankly unsustainable burden onto our children and grandchildren,» he sai
as it may be to talk about working longer - the simple fact is that if we aren't prepared to
increase the state
pension age, we will simply pass an ever greater and frankly unsustainable burden onto our children and grandchildren,» he said.
As police pay becomes stagnant but with the possibility of reductions in pay in addition to a pay freeze for at least 40 % of officers and police pension costs are increasing, possibly more significantly for more senior than junior ranks, any direct entry scheme would be bound to affect, in particular, the most talented of those currently in service as they see their promotional opportunities diminish and the retention of those talented and experience officers would become an even bigger issu
As police pay becomes stagnant but with the possibility of reductions in pay in addition to a pay freeze for at least 40 % of officers and police
pension costs are
increasing, possibly more significantly for more senior than junior ranks, any direct entry scheme would be bound to affect, in particular, the most talented of those currently in service
as they see their promotional opportunities diminish and the retention of those talented and experience officers would become an even bigger issu
as they see their promotional opportunities diminish and the retention of those talented and experience officers would become an even bigger issue.
Earlier this week the Department for Work and
Pensions select committee published evidence that the reduced cap was leading to sharp rises in the number of people affected outside London, with
increased workloads for Citizens Advice and homelessness charities
as people struggled to cope with the sudden loss of income.