Sentences with phrase «benefit pension deficits»

Not exact matches

While Torstar has no bank debt, it does have a major financial obligation to its defined benefit pension plan, which is in a solvency deficit position.

Just for fun, try calculating the all - in labour cost for someone you know. I tried it on my spouse, who is a university professor. I added her healthy salary to her current service pension cost and other benefits and payroll taxes. I threw in an extra amount to reflect the pension deficit that her university is now grappling with (thanks to the market meltdown).

«Britain's generous defined benefit pensions have plumbed further depths during August, reaching another record - breaking deficit of # 459.4 bn as the scramble for bond assets and the interest rate cut sent their liabilities soaring -LSB-...]

According to the Department of Finance, the deficit in August 2015 was primarily due to updated accrual estimates of employee pension and other employee future benefits, reflecting changes to the interest rate assumptions.

The party's new policy expresses great concern that the current methods used to evaluate defined benefit (ie final salary and career average) pensions have been unable to cope with these unprecedented market conditions, and this, coupled with over-regulation on the part of the Pensions Regulator, had produced wildly volatile deficits which no - one could predict — wholly unsatisfactory for schemes that have to plan over half a pensions have been unable to cope with these unprecedented market conditions, and this, coupled with over-regulation on the part of the Pensions Regulator, had produced wildly volatile deficits which no - one could predict — wholly unsatisfactory for schemes that have to plan over half a Pensions Regulator, had produced wildly volatile deficits which no - one could predict — wholly unsatisfactory for schemes that have to plan over half a century.

The legislation we have proposed will continue to benefit the people of Wales as the Government focuses on reducing the deficit and restoring economic stability, reducing and preventing crime, proposing constitutional reforms, and modernising the pension system.

Although PCS has a substantial pensions deficit, its immediate solvency isn't threatened and questions have been raised by many members as to the benefits of subsuming their union into Unite.

«Pension scheme deficits also play a part: people currently at work not only have their salaries affected, but are also extremely unlikely to enjoy the same retirement benefits as their colleagues who retired in the past, even when accounting for an increasing life - expectancy.

First, states and localities struggling to close budget deficits could reasonably consider restraining teacher compensation, particularly pension and retiree health benefits.

\ Certainly the generous benefits paid out by CalSTRS — including six - figure payouts to 6,609 teachers and school leaders, according to the California Foundation for Fiscal Responsibility's database — is one underlying cause of the pension's massive deficit.

The UTLA report comes as the district is facing a potential $ 450 million deficit within three years due to declining enrollment and increasing fixed costs, including pension costs, legal liability and other post-employment benefits.

Given that the cost of the nearly - free healthcare benefits and other perks of teaching have increased by 21 percent within a six - year period — and the $ 1.4 trillion in pension deficits and unfunded retiree healthcare costs — governors realize they must restrain future increases.

The district staff will explain to the school board their plans to decrease the deficit drivers at future meetings when they explore special education, pension costs and retired benefit costs.

But after congratulatory statements from other board members, Monica Ratliff asked about a slide that had not been presented that addresses a potential $ 450 million deficit in three years due to declining enrollment and increasing fixed costs, including pension costs, legal liability and other post-employment benefits.

If the pension fund were in deficit, so - called «base benefits» could be lowered, but only «as a last resort.»

We have a cultural problem where we hide deficits / profit shortfalls through adjusting pension assumptions, or trading lower salary increases for pension benefit increases, which don't hit the bottom line immediately, but increase funding needs for years to come.

Generally, an employer's wider group, whether in the UK or otherwise, has no legal obligation to make good the deficit in that employer's UK defined benefits pension scheme.

Research by PricewaterhouseCoopers (PWC) has revealed that the funding deficit for defined benefit (DB) pension schemes in the UK has fallen to # 200 billion.

The company required external investment but was hindered by deficits owed to two pension schemes, the MIRA Retirement Benefits Scheme (MIRARBS) and the Universities Superannuation Scheme.

Barclays» defined benefit pension scheme has some 230,000 members and a deficit of approximately # 4.8 bn as at 30 September 2017.

Advised on the acquisition of a manufacturing conglomerate across multiple jurisdictions, including informing or consulting employee representatives, dealing with a substantial defined benefit pension scheme deficit, and negotiating new service agreements for the board of directors

He found that market volatility, falling gilt yields and historically low interest rates are focusing minds on funding deficits, de-risking strategies and liability management in the area of defined benefits pensions.

Had the retention bonuses been considered pensionable, they would have resulted in a pension benefit much higher than the value of the contributions, resulting in a funding deficit.

It has created considerable uncertainty over the priority status afforded to pension plan wind - up deficits, particularly in insolvency proceedings involving the plan sponsor, and the effects on availability of credit for all organizations that provide defined benefit pension plans for their employees.

The central board of trustees suggested that raising the age limit would result in reducing the deficit in the pension fund and the members would have two additional years for reaping monetary benefits.