Sentences with phrase «by the retirement incentive»

«The savings realized by the retirement incentive will be instrumental in preserving programs for our students next year,» she said.

Not exact matches

Incentives for early and late retirement will be modified to decrease the attractiveness of early retirement and increase the attractiveness of late retirement; phased retirement will be facilitated by allowing people to collect benefits while contributing and earning new claims on CPP retirement benefits; and the number of years of low earnings that can be deducted from the calculation of a CPP retirement benefit will be increased.

The following benefits are not subject to the HP Severance Policy, either because they have been previously earned or accrued by the employee or because they are consistent with Company Practices: (i) compensation and benefits earned, accrued, deferred or otherwise provided for employment services rendered on or prior to the date of termination of employment pursuant to bonus, retirement, deferred compensation or other benefit plans, e.g., 401 (k) plan distributions, payments pursuant to retirement plans, distributions under deferred compensation plans or payments for accrued benefits such as unused vacation days, and any amounts earned with respect to such compensation and benefits in accordance with the terms of the applicable plan; (ii) payments of prorated portions of bonuses or prorated long - term incentive payments that are consistent with Company Practices; (iii) acceleration of the vesting of stock options, stock appreciation rights, restricted stock, restricted stock units or long - term cash incentives that is consistent with Company Practices; (iv) payments or benefits required to be provided by law; and (v) benefits and perquisites provided in accordance with the terms of any benefit plan, program or arrangement sponsored by HP or its affiliates that are consistent with Company Practices.

The company is using layoffs and early retirement incentives to reach its goal by the end of next year.

Specifically, benefits subject to the HP Severance Policy include: (a) separation payments based on a multiplier of salary plus target bonus, or cash amounts payable for the uncompleted portion of employment agreements; (b) any gross - up payments made in connection with severance, retirement or similar payments, including any gross - up payments with respect to excess parachute payments under Section 280G of the Code; (c) the value of any service period credited to a Section 16 officer in excess of the period of service actually provided by such Section 16 officer for purposes of any employee benefit plan; (d) the value of benefits and perquisites that are inconsistent with HP Co.'s practices applicable to one or more groups of HP Co. employees in addition to, or other than, the Section 16 officers («Company Practices»); and (e) the value of any accelerated vesting of any stock options, stock appreciation rights, restricted stock or long - term cash incentives that is inconsistent with Company Practices.

The best way to take advantage of a 401 (k) is to make sure you are contributing enough to get the employer match, which is essentially free money toward your retirement provided by your employer (as an incentive to save, plus employers receive tax benefits for contributing to employees» retirement accounts).

plans, e.g., 401 (k) Plan distributions, payments pursuant to retirement plans, distributions under deferred compensation plans or payments for accrued benefits such as unused vacation days, and any amounts earned with respect to such compensation and benefits in accordance with the terms of the applicable plan; (ii) payments of prorated portions of bonuses or prorated long - term incentive payments that are consistent with Company Practices; (iii) acceleration of the vesting of stock options, stock appreciation rights, restricted stock, restricted stock units or long - term cash incentives that is consistent with Company Practices; (iv) payments or benefits required to be provided by law; and (v) benefits and perquisites provided in accordance with the terms of any benefit plan, program or arrangement sponsored by HP or its affiliates that are consistent with Company Practices.

The following benefits are not subject to the HP Severance Policy, either because they have been previously earned or accrued by the employee or because they are consistent with Company Practices: (i) compensation and benefits earned, accrued, deferred or otherwise provided for employment services rendered on or prior to the date of termination of employment pursuant to bonus, retirement, deferred compensation or other benefit plans, e.g., 401 (k) plan distributions, payments pursuant to retirement plans, distributions under deferred compensation plans or payments for accrued benefits such as unused vacation days, and any amounts earned with respect to such compensation and benefits in accordance with the terms of the applicable plan; (ii) payments of prorated portions of bonuses or prorated long - term incentive payments that are consistent with Company Practices; (iii) acceleration of the vesting of stock options, stock appreciation rights, restricted stock, restricted stock units or long - term cash incentives that is consistent with Company Practices; (iv) payments or benefits required to be provided by law; and

«the compensation system for federal judges in the United States creates a very powerful economic incentive to retire at a reasonable retirement age by virtue of how the defined benefit pension plan works, that most judges assent to not long after reaching that age.»

But, the compensation system for federal judges in the United States creates a very powerful economic incentive to retire at a reasonable retirement age by virtue of how the defined benefit pension plan works, that most judges assent to not long after reaching that age.

If the state workers that requested the early retirement incentives were allowed to flee by the Commissioners and Directors that are more concerned about keeping the line items in their bloated departments in place, there would be no need for layoffs / cuts and the state payroll would be considerably reduced.

«Every economic expert knows that a retirement incentive program, despite some short - term savings, can wreak havoc on long - term fiscal health, as was reiterated by the recent Boston College study on pension liabilities, and that's why House Democrats have opposed retirement incentive plans as part of this deficit mitigation proposal,» Sharkey and Aresimowicz said in a statement.

The cost of health care services and health insurance plans have increased after the introduction of the Affordable Care Act, and Ulster County government has responded by downsizing its staff through early retirement incentives and attrition.

We will not see a retirement incentive plan, which would have saved $ 140 million this year and next year by attracting 1,800 takers, but would have added huge cost to the state's pension system in the coming years.

According to Fitzpatrick and Lovenheim: «Early retirement incentives (ERIs) are increasingly prevalent in education as districts seek to close budget gaps by replacing expensive experienced teachers with lower - cost newer teachers.

«It also failed to foresee the pressure on states and localities to cut personnel costs by building incentive systems for early retirement,»...

At a time when millions of babyboomer teachers are nearing retirement, their decisions on when to leave the classroom are guided more by the early - retirement incentives built into state pension plans than by educational considerations, according to new research by a pair of economists.

Aiming to fill future vacancies left by the expected retirements of thousands of teachers in the next few years, California Gov. Arnold Schwarzenegger signed legislation following this year's legislative session that seeks to remove barriers that discourage out - of - state teachers from working in the state and provides incentives to encourage skilled teachers to work in the neediest schools.

In teaching, by contrast, early retirement incentives have a completely different origin, namely legislatively enacted benefit enhancements, typically under heavy union lobbying.

But even as we work with legislators in Albany to find resources that would limit the damage to schools caused by the state's very serious budget problems, Bloomberg and Klein are choosing to ignore a time - tested, effective method for saving hundreds of millions of dollars while still keeping class sizes reasonable: a retirement incentive.

The opportunities provided by due process, seniority rights, escalating compensation over the course of a career, and a secure retirement are some of the incentives of staying in the profession long term and that is why teaching professionals value them and, via very democratic processes, have their unions promote them

Early retirement incentives (ERIs) are increasingly prevalent in education as districts seek to close budget gaps by replacing expensive experienced teachers with lower - cost newer teachers.

Senate Democrats issued their own deficit - mitigation plan Thursday, pressing for a retirement incentive plan opposed by House Democrats and Gov. Dannel P. Malloy as damaging to the state's overburdened pension system.

The Roth Individual Retirement Arrangement (IRA) is a retirement savings account created by the US federal government, regulated by the IRS, with the intention of creating a tax incentive for you to save more for retirement.

Savings Incentive Match Plan for Employees («SIMPLE») IRA This is a retirement plan that may be established by employers, including self - employed individuals.

By contrast, the House GOP plan would keep the mortgage and charitable deductions (along with some incentives for retirement accounts and college savings), but eliminate virtually all other deductions altogether.

Also notable, Fidelity's yearly analysis of small business retirement plans, which includes self - employed 401 (k) accounts, self - employed (SEP) IRAs and Savings Incentive Match Plan for Employees (SIMPLE) IRAs, indicates average balances have increased by double digits since Q2 2016.

State incentives could «discourage premature retirement» and «encourage deployment of nuclear unit designs that reflect advances over earlier designs,» wrote the EPA in its proposed carbon dioxide rule, issued by the Obama administration on Monday.

Cockram v Air Products (No. 2) UKEAT / 0122/15 / LA (EAT) Instructed (with Daniel Stilitz QC) by the Respondent to defend a claim (and subsequent appeal) by a former senior manager alleging age discrimination in relation to the definition of retirement age in a long term incentive plan.

It included an incentive bonus and contributions by FDI to both a health and dental plan and a registered retirement savings plan («RRSP»).