Sentences with phrase «because of my pension plan»

My dad worked for 35 years at Stelco in Hamilton, before watching a once great company dragged into bankruptcy, in large part because of a pension plan it could no longer fund.

Not exact matches

Smaller businesses tend to eschew pension plans because of the costs, responsibilities and administrative hassles associated with offering them.

These families are well respected and praised because of the large number of jobs that their companies offer to people, giving them stable salaries and security in pension plans.

In short, because they pool longevity risk, can offer a well - diversified portfolio with longer - term investments, and are professionally managed, public pension funds deliver the same level of benefits as DC plans at only 46 percent of the cost.15 Any funds invested with the state pension fund would be kept in a separate investment pool from public sector funds.

Saunders, the president of the Vancouver and District Labour Council, says that Canadian workers and their pensions are more exposed to risk during market trouble because of the successful campaign over the past decades to move from defined benefit pensions, which guarantee a certain monthly amount when you retire, to defined contribution plans, promoted by market enthusiasts.

«Go through paperwork of old jobs because you may have started a 401k or have a pension plan that you are not aware of,» Janis said.

Annuity experts say that Americans in retirement need the protection and income that annuities afford partly because of fast - disappearing private pensions and the planned elimination next year of some Social Security claiming strategies that can be used to boost retirees» monthly checks.

But there are other Canadians, because of lack of an employer pension plan, because they don't contribute to RRSPs or they don't contribute to tax - free savings accounts, aren't saving enough.

Worst of all is the pension plan for MPs — both because its exceptionally lavish benefits are totally unfunded, and because it's the scheme for elected representatives who need to lead national reforms.

The CFIB, in other words, represents a number of shops whose employees are paid substandard wages with no in - house pension plans, and who can get away with it because the taxpayer is topping up the low CPP / QPP payouts their employees receive on retirement.

Their returns are shown gross of fees, so that's something to consider as well, but they only charge 0.25 % to the pension plan because they're such a large client (another aspect of their approach I have great deal of respect for).

In a recent USA Today article Chris Blunt, president of the Investments Group at New York Life, when discussing the unpopularity of 401 (k) s said «Americans never wanted to go to 401 (k) plans, but they went there because companies couldn't afford to offer pensions anymore.

For 2011 and 2012, that meant losses, largely because interest rates were falling — that increased the current value of pension obligations, which affected the plans» expenses.

Communities across Illinois are being forced to cut local services and raise taxes to afford their pension payments, putting residents who rely on local government services at risk because of the inherent failures of defined - benefit plans.

As Tory election strategist he is keen to make political ground over Labour's inclusion of the pension in the welfare cut, because it allows the party to highlight how the opposition plans to cut the basic state pension in real terms.

On Wednesday, the unions will attempt to bring the country to its knees because of the Coalition's plan to reform the public sector's unsustainable pension system.

That this House declines to give a Second Reading to the Welfare Benefits Up - rating Bill because it fails to address the reasons why the cost of benefits is exceeding the Government's plans; notes that the Resolution Foundation has calculated that 68 per cent of households affected by these measures are in work and that figures from the Institute for Fiscal Studies show that all the measures announced in the Autumn Statement, including those in the Bill, will mean a single - earner family with children on average will be # 534 worse off by 2015; further notes that the Bill does not include anything to remedy the deficiencies in the Government's work programme or the slipped timetable for universal credit; believes that a comprehensive plan to reduce the benefits bill must include measures to create economic growth and help the 129,400 adults over the age of 25 out of work for 24 months or more, but that the Bill does not do so; further believes that the Bill should introduce a compulsory jobs guarantee, which would give long - term unemployed adults a job they would have to take up or lose benefits, funded by limiting tax relief on pension contributions for people earning over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate of income tax is being reduced, which will result in those earning over a million pounds per year receiving an average tax cut of over # 100,000 a year.

It was powerful because it contained a specific policy idea (capping pension tax relief for the rich) with a vivid critique of the government's plans (the ladder analogy).

Fact is the differences between Scottish and English pensions is the tip of the Ceberg because on theses projections Pension costs are set to triple and independent or not neither Scotland or the UK have a plan to deal with that.

«I believe the real devil here is in your assumptions, because the plan's true costs are as yet unknown and depend heavily on the performance of the State's pension fund.»

A slew of council members who originally supported the bill backed by the unions and introduced by Councilwoman Elizabeth Crowley today changed their votes to back the mayor's plan — they said because of a change that will provide the most seriously wounded workers, who qualify for Social Security disability, with a pension equal to 75 percent of their salary.

Details are in the article but here is a key finding: because they earn more, school principals can expect to contribute 14 percent more to the pension plan than a senior teacher would contribute over the course of a career.

Current teacher pension plans back - load benefits to the last 5 to 10 years of service, mainly because benefit formulas are based on final average salary calculations that do not adjust for inflation.

Most public school teachers participate in defined benefit (DB) pension plans, which because of different accounting rules contribute significantly less today for each dollar of future retirement benefits than private - sector DB pensions or defined contribution (DC) pension plans.

In today's low - return environment, the pension promises being made to state and local employees in general, and public school teachers in particular, have become very expensive and difficult to maintain largely because the largesse of the pension plans assumes long run returns on the order of 7.5 percent (or higher).

Governor Bruce Rauner's recent pension bill would allow Chicago and other municipalities to file for bankruptcy, a mechanism which would allow the city to start over, restructure its past debt, and reform its pensions plans (but even in this case, there would be obstacles around when Chicago could actually file because of the way the city reports its debt).

Don't take time off or leave the profession for any reason, because any lost years won't count toward your pension plan's «years of service» calculation.

Two, because 90 percent of teachers are enrolled in defined benefit pension plans that push out veteran teachers, these demographic trends have widened the gap in retirement ages.

Reporters should steer away from reporting the simple «average» teacher pension plan, because the average hides a lot of nuance.

Charter school teachers are some of the biggest losers under current pension plans, because very few charter school teachers have worked long enough to qualify for the back - end benefits offered by traditional pension plans.

Furthermore, teachers who remain in the field of education but enter another pension plan (such as in another state) will find it difficult to purchase the time equivalent to their prior employment in the new system because they are not entitled to any employer contribution.

The District does not face pension cost pressures, primarily because most of its employees are not in traditional pension plans.

But those are not because of the change in pension plans.

Because of the tax treatment of these securities, tax - advantaged purchasers, such as qualified pension funds and tax deferred retirement accounts, including 40l (k) plans and individual retirement accounts (IRAs), may view an investment in inflation - protected securities as appropriate.

Still, some people are hesitant to opt into any type of workplace program simply because they don't trust their employer or the pension plan itself.

«In fact, there may be diseconomies of scale for larger public pension plans because of the complexity of implementing their investment strategies, which include contracting out for external experts — a practice that has become increasingly popular, with plans investing more in non-traditional assets such as real estate, infrastructure, and private equity,» said the report.

There hasn't been a huge outcry about the loss of the pension plan, but that's largely because younger Canadians have no idea what they're losing.

In case of a pension plan, it is possible to transfer a pension to another country, but there are costs and paperwork involved (advisers love to do pension transfers, because the fees are very attractive - to them).

Then it's time to change your retirement plan to maximize your eligible pension income, because that's pretty much the only type of income you can split.

Unlike when I wrote about an actual observable and investable trend of investing on the 1st day of the month (there was a very pronounced positive alpha play here before the mainstream media caught wind of it primarily because of 1st of month fund flows from 401 (k) s, pension plans, etc.), there is nothing here for Tuesdays I'm sad to say.

This is because you are in control of your own destiny, and not hoping that the government, an employer pension plan or a mutual fund manager would support you.

Because of its global presence, the company also has a global population of pension plan participants, which...

If you're a teacher enrolled in a pension plan, do not rely on that to be your sole source of retirement income, especially if you are young, because the funding might not exist by the time you get to retirement.

The DB pension plan also does much better because of the pooled longevity risk.

Meanwhile, that confident minority of 25 per cent «are in a position where they have pensions or a group plan where they have an incentive to save because their employers help them,» Bezaire said in a phone interview.

Part of that was due to stupid tax law that the government put in because they didn't want pension plans to shelter income from taxes for plan sponsors.

Registered pension plans (RPPs) 1 are an important consideration in this regard, both because they are a central component of Canada's retirement income system and because pension coverage and pension characteristics have undergone changes in recent years.

Finally, regarding his feeling of security with his Defined Benefit Pension Plan (DBPP), DeGoey has this to say: «If Trevor feels as secure as he says he is because of his solid Defined Benefit Pension Plan (DBPP), then why is he investing so conservatively, aiming only to replicate purchasing power?

It says that is because they will receive enough from the Canada Pension Plan and other government programs to maintain their standard of living.

Lately, it's been getting a bit of interest because some parties see it as a threat to much - loved Defined Benefit (DB) pension plans for federal government workers and Crown Corporation employees, (such as Canada Post, CBC, Via Rail, etc.).