Sentences with phrase «because of pension costs»

The college faces a number of financial challenges including an increase in employee benefits of $ 379,000 or 2 percent primarily because of pension costs, and an increase in contractual expenses and supplies of $ 351,000 or 4 percent.

Not exact matches

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

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.

The bill allowing all veterans to buy added pension time was vetoed by Cuomo last year because, notwithstanding a clause in the governor's Tier 6 pension reform, it failed to appropriate money to cover the projected state and local government share of the «past service» catch - up cost of the measure.

With the city facing more budget cuts or even, as she suggested, «insolvency,» Miner was hoping for relief in an area where Albany is itself the prime culprit because of the exploding cost of pensions and benefits promised to public employees.

The commission concluded that because people are now living longer, the cost of funding their lengthy retirements would become unsustainable under the present pension arrangements.

Because of those restrictions, higher pension costs should not drive up property taxes.

Our county police officers each cost us close to $ 200,000 a year in salary, benefits and pension payments because of mandatory arbitration.

Because if we want to protect those things we care about, like generous pensions and decent healthcare, and buy the best equipment for the brave men and women who fight in our armed forces, all of us are going to have to confront the costs of modern government — and cap working age welfare bills.

The city's budget comes due in the summer, but Miner already has said the city will run out of money in the next few years — even without the tax cap — because of sharply rising pension and health care costs.

Many districts also have been able to achieve some savings because of declining student enrollments and lower employee pension costs.

Some towns have higher tax caps because of exceptions that account for high litigation and pension costs.

Because of savings in a number of areas, such as the cost of employee pensions, the Executive Budget actually contains a property tax decrease of a penny from $ 4.95 to $ 4.94 of equalized assessed valuation.

Assini noted that his figures only include the data of regular state employees, (because that's the information provided by the governor to date), and not fire, police or teachers, who make up the bulk of most localities» pension costs.

Each district's cap limit varies because of a number of factors, including pension and voter - approved construction costs.

In upstate NY, local governments are in trouble because of rising pension and health insurance costs.

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.

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.

Bloomberg said the city's financial condition is made worse because of rising pension costs.

Pension costs are expected to rise about 10 percent next year, after three years of reductions, because analysts project lower growth in future pension stock eaPension costs are expected to rise about 10 percent next year, after three years of reductions, because analysts project lower growth in future pension stock eapension stock earnings.

«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.»

Bloomberg has said the layoffs are necessary because of budget cuts from the state and federal governments, as well as rising healthcare and pension costs.

Because of these necessary and appropriate reforms, a number of highly vocal politicians, egged on by business groups with their own agenda, have been railing about the high costs of pensions.

He claims costs will rise for decades because entering cohorts have a different time pattern of pension wealth accrual than previous cohorts.

«ASCL urges the STRB to press the DfE to fully fund pay rises so that the government meets the additional costs rather than again expecting them to be met from existing school budgets which are already under huge pressure because of unfunded increases to employers» contributions to teacher pensions and National Insurance costs.»

The National Audit Office has found, however, that schools are facing budget cuts of # 3 billion by 2020 because funding was not keeping pace with an increased number of pupils and rising costs of national insurance and pension contributions.

Because in California, under what's referred to as the «California Rule of Vested Rights», there are currently a very limited number of things that cities, counties, and the state of California can do to deal with the cost of pension benefits.

But supporters said charters can o make per - student dollars go further because they are not saddled with out - of - control teacher pension and health - care costs.

Over the next several years, increasing pension costs in particular will require increasingly difficult trade - offs, in part because of factors outside of OUSD's control.

Carrying an unfunded liability, or pension debt, of any size increases the cost of retirement benefits, because in addition to paying for the benefits teachers earn each year, employers are charged a premium on each employee to help pay off the accumulated pension debt, Mr. McGee said.

Part of the frustration from school leaders is that their costs have been rising because of actions taken by the government — rising national insurance contributions, increasing pension costs, the national living wage and, from April, the apprenticeship levy.

Atlanta Public Schools Chief Financial Officer Lisa Bracken said the school district has higher costs for several reasons: The expense of city living drives up teacher pay; the district has «low population» schools that lack economies of scale but are kept open «due to urban traffic constraints and community needs;» many students need extra services because they have learning problems or disabilities, don't speak English fluently or come from poverty; and the district has a large unfunded pension liability with growing obligations.

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

Hobby added that school budgets were now at breaking point, because of the rising costs to do with teachers» pensions and national insurance contributions, which were «diverting money from the classroom».

Because of rising pension costs, Louisiana's school districts have already made noticeable cuts to their expenditures on instructional programs, textbooks and other school supplies, and special education services.

The simulations suggest that such programs can be cost - effective, partly because long - term pension savings offset a portion of upfront program costs.

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).

Some have expressed reservations that, in transitioning from pensions to annuity payouts, they stand to lose the security of their payments because annuities are not secured by a federal authority like the FDIC, and will have to forgo cost - of - living adjustments.

Even in retirement you can not spend all your pension income because some of it needs to be reinvested to compensate for the erosion from inflation, and to cover unexpected medical costs.

In a report earlier this year, the think tank estimated the cost of federal employee pension plans is more than $ 100 billion higher than the government says it is because Ottawa is underestimating the future costs.

Even without the introduction of the 401 (k), corporations would have cut back on DB pensions because of costs.

These are known as «pension plans,» and are rare because of the high costs involved (to the company).

While it's important not to overstate the case — again, improved health care can be a double - edged sword, if people are able to live longer because of it but at greater financial cost — one way to interpret this study is that if more people are not economically old, that is they are still contributing to society on their own and not collecting pension or requiring increased health care, there is less burden on falling population levels from an otherwise aging population.

However, compliance is business critical because, as can be seen from Johnsons, the penalties and costs of remedying breaches of the pension duties can escalate rapidly.

However, the judge also reduced his awards for non-pecuniary damages, loss of earning capacity, loss of pension and deferred profit sharing by 50 % and the future cost of care by 10 % because of a failure to mitigate.

The new large - scale, defined contribution (DC) pension plans would be run by a regulated financial institution (PRPP administrator) licensed by the Superintendent of Financial Institutions of Canada and have a relatively low - cost because of their large size.

Because of the overwhelming costs to continue to be a licensed Realtor on a month to month basis, I have to assume that these part timers are being supported by other sources of income, either from spouses, pensions or are independently weathy and are simpley doing this job just to have something to do, (the business card looks good).

Because of the sky high pension / insurance / benefits costs associated with police / fire employees, cities long ago figured out that it is way cheaper to pay existing employees OT than it is to hire additional safety employees... so like David Greene, I worked.

«Because general (non-real estate) investment returns have not been high enough to meet future return obligations, pension funds and other institutional funds have been reducing the headcount of managers as a cost - saving measure, as well as «shooting for larger returns» by looking at increased levels of investment in real estate.»

Many of the pension plan limitations will change for 2015 because the increase in the cost - of - living index met the statutory thresholds that trigger their adjustment.