Sentences with phrase «costs of public sector»

Shubha Banerjee, solicitor at Leigh Day, who represents 230 judges, said: «Following the report of Lord Hutton in 2011 into ways of reducing the costs of public sector pensions, the government sought to make changes across the public sector including to the pensions of police, firefighters, teachers, prison officers and others.

We believe that this publicity generally gives an entirely wrong impression of both the value and costs of public sector pension provision.

And in exchange we will ask for your help in solving Labour's Debt Crisis by keeping the cost of public sector pay only as high as the country can responsibly afford.

And George Osborne says public sector pensions are «unsustainable» but the National Audit Office disagrees and Lord Hutton's report showed the cost of public sector pensions is falling.

Not exact matches

Even if the big public - sector research projects succeed in sparking up a fusion fire first, the cost of actually building power plants would be prohibitive.

«Similar projects in both the public and private sectors around the world have already shown that shared services deliver significant benefits in terms of cost and efficiency,» Mr Ripper said.

The revelation the state government's Office of Shared Services is to be disbanded after costing taxpayers almost $ 450 million over six years is just the latest in a long line of public sector financial disasters.

Even worse, the cost of carrying these well organized groups is very much understated: nearly all the public - sector pension plans are underfunded by hundreds of billions of dollars and taxpayers are on the hook for the difference.

«Despite the much higher costs of attendance, earnings effects are smaller in the for - profit sector relative to the effects for comparable students in public community colleges — a result that holds for all but one of the top 10 fields of study,» according to the study abstract.

Another consideration with the $ 8 billion figure is that although the Auditor General has included the cost of long - term maintenance, this assumes the public sector does not defer repairs.

Alternative financing procurement — better known outside of Ontario as public - private partnerships — allow the public sector to pass on risks of delays and cost overruns to the private sector, in return for a small premium.

The private sector often demands rates of return far greater than public sector borrowing costs, especially in the current low interest rate environment.

In short, because they pool longevity risk, can offer a well - diversified portfolio with longer - term investments, and are professionally managed, public pension funds deliver the same level of benefits as DC plans at only 46 percent of the cost.15 Any funds invested with the state pension fund would be kept in a separate investment pool from public sector funds.

In the public sector, accounting methods used by governments in education, health and social services impact on how these services are provided, who receives the services and the costs of these services.

China has overinvested in infrastructure and manufacturing capacity to such an extent that in the aggregate the cost of additional public sector investment exceeds the present value of future increases in productivity generated by the investment.

Avoiding two 2 % increases would save public - sector employers $ 1.7 billion annually (substantially less than the annual cost of provincial corporate tax cuts).

They're «exempt from the costs of their decisions,» says the Fraser executive v - p, who is the co-author of the public sector compensation report as well.

The bonus is that the cost of construction and the cost of ongoing operation is materially less than traditional wastewater treatment facilities, creating an exciting investment opportunities for the private sector in partnership with public utilities.

In 2016, the Productivity Commission undertook an inquiry into the benefits and costs of options for increasing availability of and improving the use of public and private sector data by individuals and organisations.

Wollaston wants to see the public sector pay cap lifted — «we can not keep out finger in that dam much longer,» she insists — but is aware of the costs involved, and the need for the Tories to maintain fiscal discipline.

Cabinet Office minister Francis Maude struggled when under forensic examination on the Today programme this morning, when he was seemingly unable to answer why public sector pension reform was needed when its cost as a share of GDP was set to fall.

Up and down the country there are many good examples of hospitals, schools, roads, housing and administrative services being successfully and efficiently delivered at less cost and with greater efficiency than the public sector was able to do.

The data series in which we found serious discontinuities or complete breaks are not trivial or obscure, but are (or should be) of major importance to the evaluation of government of any political stripe, such as total public sector capital investment, local government spending (on which the Office for Budget Responsibility and the government differ whether it is rising or falling), how much the government costs to run, and how much the civil service costs to employ.

Ethical culture overlaps with the public - service ethos: for reasons that are blandly uncontroversial (everyone wants better standards of service - quality and delivery) but also partisan and contentious (better standards in a fiscally - straightened world need to come at higher cost to public - sector workers and lower cost to tax - payers) this leads the standards agenda into highly - contested territory.

Outsourcing and increasing the role of the private sector in public service provision is at the heart of both Labour and Conservative plans for reducing costs and increasing efficiency.

Public sector grey fleet vehicles travel 1.5 bn miles a year, costing the taxpayer # 786 million, emitting 447,000 tonnes of CO2 and 1,118 tonnes of NOx.

«The private sector cost of financing will always be more expensive than the public sector cost of financing,» said Petit.

Public employee benefit costs in New York are incredibly out of line with those in the private sector, and impose enormous pressure on state and local government budgets.

The CEBR report found that if the Government raised the rate of corporation tax from 21 per cent to 26 per cent - the result of equalising the tax rate between big and small business - would cost around 100,000 jobs from the small business sector and reduce economic output by # 4.3 bn, while reducing the public sector deficit by only # 1.6 bn over 10 years.

If this is correct we may hope to expect more pragmatism in fiscal policy over the next few years, rather than allowing a Conservative majority government to spark a determination to reduce the share of government spending and the size of the public sector, regardless of the costs.

One of his major goals since taking office three years ago has been to trim the county workforce and relieve taxpayers of the burden of the unusually high «legacy costs» associated with public sector employees.

Noel DiGerolamo, second vice president of Suffolk's Police Benevolent Association, which has about 5,000 members, said public - sector workers are being blamed for ballooning pension costs when Wall Street investment houses are the true culprits.

The government is hiking the costs of the process so much that most people simply won't be able to afford to mount a legal challenge against the executive - whether that's a government minister, your local council, or any other public sector area where busybody officials look to take shortcuts.

«Spending in the wider economy is also hit because millions of public sector workers are enduring a pay freeze - while inflation is high and the cost of household necessities, like energy, are soaring.

Independent expert John Ralfe has calculated that the annual bill of # 15bn is half the true cost of providing public sector pensions.

He stressed that effective implementation of the reforms in the public sector would reduce cost of governance, eliminate wastages, blocking of wastage among others.

«There is no reason to believe that the huge rise in costs in the private sector following a more realistic view of the situation is not just as relevant in the public sector.»

In a recent report, he said: «Public sector bodies can not be run efficiently if a major part of their costs are conveniently understated.

A clear alternative, that does not involve throwing tens of thousands of public sector workers onto the dole — a move that would cost more than ten billion in lost tax revenue and increased state benefit payments.

According to him, Jonathan directed the Coordinating Minister for the Economy, Okonjo - Iweala, to work along with other relevant stakeholders both in public and private sector including international consultants to come up with what «we believe should be the comparative template about cost of projects particularly civil engineering projects including supply executed in the country to address criticisms on the cost of projects».

Fights over to what extent the county is responsible for paying the full cost of employees» health care have sprung up recently after heated negotiations between the Astorino administration and the Civil Service Employees Association, CSEA — a union representing the county's public sector workers — failed to produce a compromise, including a contract offer that the union rejected earlier this month.

President Goodluck Jonathan Wednesday directed that a template for public sector projects valuation be set up to drive down the cost of contracts in the country which he said was higher than what obtains in other parts of the world.

On government plans for a flat - rate state pension, simplicity was good in principle, but NEC members pointed out that government plans would cost public sector workers and employers more in national insurance, with the end of the lower opted - out rate.

The additional cuts to local government, transport and public sector pay will squeeze already - strained public services, making a mockery of the localism agenda and adding more pressure on the cost of living.

Over the next decade the price of the financial / economic mess we are in will be paid in public sector cuts — better to cut the non-productive audit and bureaucratic command and control regimes (and I include the quangos, central government departments and the consequent costs in local government) than front line services.

General secretary Dave Prentis said the «spiralling cost» of food and fuel is causing «real hardship» for public sector workers.

And we will continue to open up acute care with, from the spring, the choice of hospitals trusts across private and public sectors in England extending to over 300 - including more than 150 private sector hospitals working as part of the NHS and at NHS cost and standards of quality.

What the report conveniently ignores is that national pay frameworks are not just a feature of public services, many private sector companies also use them because they are cost effective and aid recruitment and retention.

Cuomo has been studiously working to lock down the support of private sector unions while eschewing the public sector organizations that seem to be included when he discussions the amorphous «special interests» that hold too much away over Albany and are driving the cost of government ever upwards.

The report says Ghana's current rating of B1, negative outlook is constrained by the ongoing weakness in the government's fiscal position due to ongoing spending overruns on the public - sector wage bill, high interest costs and the clearance of payment arrears.