Co-edited by Simon Archer, the contributors to The Contradictions of Pension Fund Capitalism examine whether trade unions can exert meaningful
control over pension funds.
Fiduciary - Generally, any person or organization with
control over a pension plan or its assets.
The City has
no control over pension costs.
The plan has its limitations: state Comptroller Thomas DiNapoli runs the fund and Cuomo has zero
control over the pension fund for hundreds of thousands of state and local government workers and retirees.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on
pension plan assets and the impact of future discount rate changes on
pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export
control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal
control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
Jana Partners and
pension giant CalSTRS want the company to give parents better
controls over their kids» iPhones.
Yes, she has to cede
control over the majority of her
pension pot but I believe it's worth it to ensure she's as secure as possible from here on in.
Specific policies include opting out of the Canada Employment Insurance Program and replacing it with an Alberta Employment Insurance Program; withdrawing from the Canada
Pension Plan and creating an Alberta
Pension Plan; assuming provincial
control over national parks in Alberta; and asserting provincial (as opposed to federal)
control over immigration.
The new law is a step toward more fairness within Illinois» police
pension system, while offering certain police officers more
control over their retirements.
For what it's worth, Spitzer and Bloomberg are again disagreeing — this time
over the mayor's warning that NYC could very well go the way of Detroit if his successor fails to
control the city's rapidly rising health care and
pension costs.
An impasse
over a constitutional amendment that would strip corrupt officials of their
pensions could be nearing an end, as the Democratic - led Assembly is poised to consider a version previously approved by the Republican -
controlled Senate.
Last week in a hearing before state lawmakers, Syracuse Mayor Stephanie Miner said
pension costs are among those expenditure lines that the city has no
control over, and is one of the reasons why the city's financial picture looks bleak.
Escalating the tension on Tuesday, DiNapoli issued a report that was critical of the
pension proposal that was baked into the budget and questioned Cuomo's desire for more
control over how money is moved between agencies, warning it could lead to an erosion of oversight.
Yegeri also explained the DA's desire for state officials also enact legislation stripping
pension, retirement benefits and
control over campaign funds from elected officials convicted of a crime, expelled from office, or resign due to a crime committed during their service.
Hevesi admitted to using his
control over the state's
pension fund, now at $ 130 billion, to steer $ 250 million in investments to a private equity fund that paid him handsomely: $ 75,000 in trips to Israel and Italy for him, his adult children, and people from his staff; $ 500,000 in campaign contributions, and $ 380,000 in make - believe consulting fees to a lobbyist allied with Hank Morris, Hevesi's political guru.
«That's not fair — so we won't include the state
pension, which is better
controlled over a longer period.»
It ought to warm the cockles of everyone's heart knowing that Shelly's guy has sole
control over who gets to invest billions of dollars of state
pension funds.
To prevent the impending lapse of mayoral
control over New York City schools, the state Legislature and Governor Andrew Cuomo passed a two - year extension Thursday as part of a larger omnibus bill, which included a
pension enhancement for certain uniformed workers, special recognition for former Governor Mario Cuomo, and several benefits for upstate areas.
Cuomo raised eyebrows and embarrassed DiNapoli as he announced a series of multimillion - dollar settlements in the state
pension - fund scandal and then disclosed that his office was looking into the comptroller's role in meeting with politically connected companies seeking
control over the investment of
pension - fund money.
DOH
controls over 40 % of the Budget and a plethora of jobs (both on the books as State employees and off the Budget as Incorporated Researchers dressed as bureaucrats or even bosses for 20 year or longer
pension earning «Research» careers).
You could argue the governor doesn't have any degree of
control over these protests, but each group has a slate of demands, from school aid to
pension security to a new contract.
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.
Not only do NEA and AFT affiliates lose the ability to promise teachers that they will get comfortable retirements without contributing a single penny of their own cash, they also lose
control they have
over pensions through board seats on their governing boards.
A lesser man would be in prison now, but Geraci had smoothed things
over by hand - delivering a cash donation to the
pension fund of the International Brotherhood of Teamsters, whose men in Florida had performed like champs, and by paying a visit (and a sizable tribute) to the Stracci Family capo who
controlled the docks in north Jersey.
A defined
pension benefit isn't really optional in most cases and I would argue that neither is CPP or OAS, so the way I look at it (rightly or wrongly) is that you should look at the non-optional income sources as the base pay and everything else goes on top since you have more
control over the latter.
If you're both in
pensions or both retired, your RRSP room may be little to none and the right strategy may be timing the AIP withdrawals if you can
control your other sources of income and take withdrawals in a low - income year or
over a couple of years.
The thought of a stable salary and defined benefit
pension plan may be appealing to some, but others, like you — and me — prefer a little more
control over destiny.
Now, as a note to risk managers, it is probably a bad idea to give
control of hedging policy
over to the line of business actuary, even though it worked out for the
pension division of Provident Mutual.
If you've not yet begun to start receiving the Sears
pension, an option is to take the so - called Commuted Value of the
pension, rolling a lump sum payment
over into your RRSP so you have complete
control of the assets.
Sally has little direct
control over her largest financial asset, an employer's defined contribution
pension plan from a former job, Moran notes.
Huge
pension funds and insurance companies take
control over their own bonds and stocks.
The CRF is the first major US
pension fund to join the Coalition's 28 members, who between them
control over $ 3 trillion in assets and have pledged to gradually decarbonize a total of $ 600 billion by designing investment portfolios with a smaller climate change impact.
As of 2004, 77,000 families worldwide
controlled assets totaling
over USD $ 50T, a number almost twice what
pension fund aggregate assets were.
«But I recognize that an employer does have a duty of care when communicating to an employee about elements of their compensation, whether it's their base compensation or incentive entitlements, benefits or
pension that [the employer] is accurate in the representations they make and that if there is some third party who has administrative
control over that plan, that the employee is directed» there.
This move by the world's largest
pension fund should spur similar funds and other investors to take a critical look at their investments amid rising concerns
over weapons that would select and attack targets without meaningful human
control.