Sentences with phrase «benefit pension shortfalls»

Even big, supposedly safe Canadian stalwarts now have defined benefit pension shortfalls not in the millions, but in the billions of dollars.

Not exact matches

State pension funds, facing a potential multitrillion - dollar shortfall, find themselves in the center of a four - way battle: Employees and retirees expect to be paid their promised benefits; the pension systems have clear obligations but may not have the resources to pay them; politicians are looking for ways to resolve the underfunding and balance the burden among retirees and workers; and state taxpayers, challenged to provide for their own retirements, resent the additional tax load.

U.S. public pension funds were facing shortfalls of nearly $ 4 trillion at last count, as fewer millennials contribute and more boomers draw benefits.

A partial but not complete list of worries includes: China melt down, Yuan reevaluation after effects or Taiwan action, global biomedical epidemics, e.g. Avian Flu, or bioterrorism outbreaks, trade wars (China, EU), major hedge fund bankruptcies, a PBGC (Pension Benefit Guaranty Corp.) shortfall crisis, major junk bond or emerging market bond default, a bank derivative blowup, Fannie Mae issues plus possible assorted natural disasters.

That shortfall is not serious and would disappear when she starts to receive Canada Pension Plan and Old Age Security benefits.

Teacher pensions are one important part of the more than $ 1 trillion shortfall states face today for public sector pensions and benefits such as health care.

Pension plans represent more than half of the retiree benefit funding shortfall.

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.

For our example, we'll assume no pension, so we subtract the $ 20,000 in Social Security benefits from the $ 42,000 required retirement income leaving us with an annual retirement income shortfall of $ 22,000 (in today's dollars).

That shortfall is not serious and would disappear when she starts to receive Canada Pension Plan and Old Age Security benefits.

What does work, however, is making up the shortfall through increased withholding from wages (or from sources such as Social Security benefits, pensions and money removed from tax - deferred retirement plans) toward the end of the year.

Ontario is the only province Murray knows of that offers a Pension Benefits Guarantee Fund, which the Ontario government has reported will help mitigate the shortfall for Sears employees.