As legislators in Illinois and other states face similar dilemmas about who pays
the costs of pension payments, they should keep in mind issues of fairness, equity, and transparency.
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.
He plans to make a $ 681 million
payment to the state's
pension funds, which will cover the
costs of benefits earned by active employees during the year.
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.
This should include guaranteed child - support
payments, tax breaks for custodial parents, and an expanded definition
of marital property to include
pensions, insurance,
cost of education and reimbursement for economic sacrifices made by one or the other spouse during the marriage.
Our county police officers each
cost us close to $ 200,000 a year in salary, benefits and
pension payments because
of mandatory arbitration.
However, it doesn't take much thought to realise that with so many people now on either a benefit or a
pension, the marginal
cost of introducing a weekly
payment as
of right is much less than the overall figure
of the benefit itself.
The mayor unveiled a $ 47 million proposed bill that would call for Albany to increase disability benefits
of «uniformed» public employees hired after 2009 by changing the
payment formula, boosting
cost -
of - living adjustments and ending the policy
of subtracting the workers» Social Security earnings from their
pension checks.
Our Karen DeWitt asked the Assembly leader if he was in favor
of the «
pension smoothing» plan outlined by the governor that will allow local governments to lock in a rate now to reduce current
payments while defering a portion
of the
costs down the road.
We have created a new and transparent scheme
of business
costs and expenses, introduced a less generous
pension scheme, where taxpayers contribute less and MPs make a higher contribution, and scrapped large resettlement
payments.
Instead, it would let municipalities push
payment of today's ballooning
pension costs into the future, in what amounts to an accounting gimmick.
«Achieving these lapse — or savings — targets will be a significant budgetary challenge, especially in light
of the high levels
of fixed
costs for FY 2018, such as debt service
payments,
pension contributions and other
costs.»
They highlighted the remarkable achievements
of the governor that have impacted positively on their lives such as «prompt
payment of monthly salaries /
pensions, other allowances to state public and civil servants; absorption
of 54 %
of total
cost of 100 housing units at Elim Estate allocated to workers;
payment of outstanding arrears
of salaries /
pensions / allowances to Local Government Staff, through prudent utilization
of 100 %
of LG share
of the Paris Club Refunds; promotion
of teachers and recruitment
of over 4000 school teachers as well as elongation
of terminal grade
of qualified primary school teachers to level 16».
However,
of the five states in our study, only California also provides a direct
payment from the state legislature to subsidize the
cost of the
pension plan.
Since FY14, when the
pension payment jumped by $ 400 million to a total
of over $ 600 million, CPS has turned to a series
of one - time fixes to pay for
pension costs and prevent significant school budget reductions.
Cost sharing: The city shall not pay more than 50 %
of the normal and unfunded
payments due the
pension system; this will be phased in by increasing the employee share
of the unfunded
payment at a rate
of 0.33 %
of additional withholding
of their pay per year.
Some have expressed reservations that, in transitioning from
pensions to annuity payouts, they stand to lose the security
of their
payments because annuities are not secured by a federal authority like the FDIC, and will have to forgo
cost -
of - living adjustments.
By order dated July 14, 2014, the motion judge, the Honourable Justice Martin S. James
of the Ontario Superior Court
of Justice sitting at Ottawa, granted Mr. Arnone's motion for summary judgment and ordered Best Theratronics to pay (i) damages equal to the gross amount
of the salary Arnone would have earned until he qualified for an unreduced
pension, less
payments made to him to satisfy the statutory obligations
of the employer, (ii) $ 65,000 representing the present value
of the loss
of an unreduced
pension, (iii) a retirement allowance equal to 30 weeks» pay, and (iv)
costs totaling $ 52,280.09.
It also meant understanding the finances
of a legal business: overhead
costs, lease
payments,
cost identification, profitability calculations, accounts receivable, bill collection, tax and
pension liabilities, and much more.
If you end up living on the
Pension, you will probably not be able to afford the rising
cost of this insurance product, and if you miss your
payments your policy will be cancelled and you will lose all
of the money you have paid so far.