Sentences with phrase «changes to the pension system»

Poland has since made a similar change to its pension system.

Gordon Brown does not have the ultimate power over changes to the pension system, according to the work and pensions secretary.

If the City Council requested changes to the pension system and the Legislators representing NYC carried it through the State Legislature, Ed Koch being unhappy with it is meaningless.

«As his proposed changes to the pensions system unravelled before the ink was dry, it was far from clear that this speech even pays for itself let alone matches our pledge to halve the deficit in four years.»

Dr Webb is an expert in the field, and has gone on to make radical, liberalising changes to the pensions system in government.

This bill makes significant changes to the pension system in a way that seeks to do three very important things.

Not exact matches

Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, and capital markets conditions and other factors beyond the Company's control, including natural and other disasters or climate change affecting the operations of the Company or its customers and suppliers; (2) the Company's credit ratings and its cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and market acceptance of new product offerings; (6) the availability and cost of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial market risks that may affect the Company's funding obligations under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly reports on Form 10 - Q (the «Reports»).

He also said that state and municipal retirement pension plans should be swept into the Social Security system — and argued that the political pressures are building to force change.

Concerns are also high that Brazil's presidential election could hinder efforts to reform the country's pension system and make other fiscal changes.

Service members may be able to participate in the new blended retirement system, which changes pension guarantees but also provides matching contributions to the Thrift Savings Plan.

Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to, increased competition; the Company's ability to maintain, extend and expand its reputation and brand image; the Company's ability to differentiate its products from other brands; the consolidation of retail customers; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue growth in its key product categories, increase its market share, or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's inability to realize the anticipated benefits from the Company's cost savings initiatives; changes in relationships with significant customers and suppliers; execution of the Company's international expansion strategy; changes in laws and regulations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; failure to successfully integrate the Company; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions in the nations in which the Company operates; the volatility of capital markets; increased pension, labor and people - related expenses; volatility in the market value of all or a portion of the derivatives that the Company uses; exchange rate fluctuations; disruptions in information technology networks and systems; the Company's inability to protect intellectual property rights; impacts of natural events in the locations in which the Company or its customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's dividend payments on its Series A Preferred Stock; tax law changes or interpretations; pricing actions; and other factors.

Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to, operating in a highly competitive industry; changes in the retail landscape or the loss of key retail customers; the Company's ability to maintain, extend and expand its reputation and brand image; the impacts of the Company's international operations; the Company's ability to leverage its brand value; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue growth in its key product categories, increase its market share, or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's ability to realize the anticipated benefits from its cost savings initiatives; changes in relationships with significant customers and suppliers; the execution of the Company's international expansion strategy; tax law changes or interpretations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions in the United States and in various other nations in which we operate; the volatility of capital markets; increased pension, labor and people - related expenses; volatility in the market value of all or a portion of the derivatives we use; exchange rate fluctuations; risks associated with information technology and systems, including service interruptions, misappropriation of data or breaches of security; the Company's ability to protect intellectual property rights; impacts of natural events in the locations in which we or the Company's customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's ownership structure; the impact of future sales of its common stock in the public markets; the Company's ability to continue to pay a regular dividend; changes in laws and regulations; restatements of the Company's consolidated financial statements; and other factors.

Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to, increased competition; the Company's ability to maintain, extend and expand its reputation and brand image; the Company's ability to differentiate its products from other brands; the consolidation of retail customers; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue growth in its key product categories, increase its market share or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's inability to realize the anticipated benefits from the Company's cost savings initiatives; changes in relationships with significant customers and suppliers; execution of the Company's international expansion strategy; changes in laws and regulations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; failure to successfully integrate the business and operations of the Company in the expected time frame; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions in the nations in which the Company operates; the volatility of capital markets; increased pension, labor and people - related expenses; volatility in the market value of all or a portion of the derivatives that the Company uses; exchange rate fluctuations; risks associated with information technology and systems, including service interruptions, misappropriation of data or breaches of security; the Company's inability to protect intellectual property rights; impacts of natural events in the locations in which the Company or its customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; tax law changes or interpretations; and other factors.

The «Car Wash» corruption probe is increasingly denting the president's government as he tries to drive crucial changes to an unsustainable pension system through Congress.

Cuomo will be joined this morning on a telephone press conference by good government advocates who will add their voices to his call for pension fund reform that would change management of the fund from a sole trusteeship to a board system.

Instead, there would be a tax cut of 4p in the basic rate, funded by changes to the tax system as it related to pension contributions, capital gains and pollution.

Malloy made changes to the state's pension system and pushed for the strictest gun control legislation in the country following the Sandy Hook school shooting in Newtown in December 2012.

To his credit, Prime Minister David Cameron and his ministers have been robust in defending the reforms, saying that the changes are designed to make public sector pensions affordable for the long term and failure to reform will bankrupt the whole system, a point even many on the Labour benches recognisTo his credit, Prime Minister David Cameron and his ministers have been robust in defending the reforms, saying that the changes are designed to make public sector pensions affordable for the long term and failure to reform will bankrupt the whole system, a point even many on the Labour benches recognisto make public sector pensions affordable for the long term and failure to reform will bankrupt the whole system, a point even many on the Labour benches recognisto reform will bankrupt the whole system, a point even many on the Labour benches recognise.

Astorino advocates for a change in the pension system for new hires to use a hybrid system - the best of a defined benefit with the creation of a defined contribution.

Stephen Cassidy, the president of the Uniformed Firefighters Association, aimed his fire squarely at Mr. de Blasio — even though changes to the pension benefits system will ultimately need to occur in Albany.

Work and Pensions Secretary, Iain Duncan Smith, defends major changes to welfare that are coming into force, saying they make the system fairer.

A minimum step would be to implement a new tier (VI) of the current pension system model which reinstates the employee contribution of 3 percent, lengthens the number of years of service required to reach maximum benefit levels, and makes other changes to limit the cost of the benefits to be provided.

Malloy said Connecticut's pension fund system is broken, and, if nothing changes, in the year 2032 the state will have to pay $ 13 billion dollars in retirement benefits when it reaches what Malloy called «a fiscal cliff.»

Malloy outlined his budget proposal for the next fiscal year, and is asking for changes to a severely underfunded pension system.

«The Executive Budget calls for what the governor describes as reforms to the state's pension system, Civil Service and some fundamental changes in the way the state does business,» Fox said.

«If we stay on this course we are going off a cliff,» said Suffolk Executive Steve Levy, who backs fundamental changes to the state's pension system, including a move to 401 (k)- style programs similar to those in the private sector.

What is difficult to accept is despite savings being made by way of an effective «pay freeze» and pensions contributions increase that on the back of those measures there are further proposed significant changes to the police remuneration system that could see up to 40 % of officers loosing up to # 4000.00 of pay in addition to that freeze.

Mr Blair's backing came after the Confederation of British Industry (CBI) denied it had lobbied for changes to the occupational pensions system and accused the Treasury of «a convenient bit of spin».

Mayor Michael R. Bloomberg proposed sweeping changes on Wednesday to New York's costly pension system, seeking to save billions of dollars by fundamentally altering long - established rules that have awarded generous retirement benefits to municipal workers and have deepened the city's financial hole.

Also, for a while there Cuomo was making a push to change the sole trusteeship of the state pension fund — basically the biggest power the comptroller has — into a board system.

State Comptroller Tom DiNapoli today issued an aggressive defense of the current pension system andm — without getting into specifics — slammed Gov. Andrew Cuomo's proposal to offer a 401 (k)- style defined contribution plan as part of his Tier 6 proposal, calling the change «unacceptable» and «extreme.»

It is anchored on VAT changes producing additional revenue of 1 % of GDP and a reform of the pension system that leads to savings of 1 % of GDP in 2016.

Cuomo, who is pushing for the sole trusteeship of the pension fund to be changed to a board oversight system, has so far refused to endorse DiNapoli's bid to keep the office to which he was elevated by his legislative colleagues in 2007.

Over the past year we've consulted widely on whether we should make compulsory changes to the pension tax system.

In addition to cutting programs, the rightwing is conducting a rigorous campaign to change the defined benefit pension system to a defined contribution model.

In response, DiNapoli said the retirement system is already a leader among public pension funds in seeking to push a low carbon economy and getting corporations to address climate change issues, such as through shareholder resolutions aimed at companies like ExxonMobil.

«This should not detract from the radical change which the new system brings, which will stop women being second - class citizens when it comes to state pensions.»

Bloomberg's pension reform plan includes a proposal to consolidate of pension systems — an administrative change he says would save $ 8 million a year «right off the bat.»

A highly anticipated report ordered by Gov. Scott Walker and the Republican - controlled Legislature and released Monday recommended no changes to Wisconsin's $ 77 billion pension system.

The incumbent showed more enthusiasm in describing reforms he's led to how the pension system is run, including changing the fee structure for investors hired to grow the funds.

He has promised dramatic changes to the state's pension system and its formula for funding schools, over the objections of his old enemies in organized labor.

It would also amend the state constitution to require lawmakers convicted of corruption charges to surrender their pensions, make changes to the per diem system, and create a commission to examine the possibility of a pay increase for state commissioners and lawmakers.

Cuomo proposes to extend a system of public campaign finance to all statewide offices and legislative races, ban the use of campaign funds for personal expenses, require the disclosure of outside income and the clients who supported it and change the state Constitution to allow prosecutors to claw back the pensions of officials convicted of public corruption.

The answer, McKinney said, is fundamental changes in the state pension system that would include placing state employees into a 401 (k) plan and eliminating the ability of state employees to increase their pensions by working a huge number of overtime hours in their final years of employment.

But DiNapoli, the sole trustee of the $ 192 billion state pension system with a voice in corporate shareholder governance and other matters, said he will use that power to press companies to «seek out sustainable investments and changes in corporate behavior» to keep the Paris accord alive.

Second, it's a sign that the politics of pensions may be changing as people start to realize that pension systems with a few big winners at the expense of lots of small losers is not a good retirement policy.

The question of how much Rhode Island's pension reforms saved taxpayers by moving to a hybrid system (and putting in place other policy changes) is an important one.

The annual change of net pension wealth is the focus of our article, because that is what best conveys the pension system's embedded incentives to work or retire.

In 2013, at the prodding of the last governor, Patrick Quinn, lawmakers enacted changes meant to stabilize the pension system, which covers public workers everywhere in Illinois except Chicago.

FILE - In this April 13, 2018 file photo, teachers from across Kentucky gather inside the state Capitol to rally for increased funding and to protest changes to their state funded pension system in Frankfort, Ky..