Sentences with phrase «current workers»

More than half of current pension contributions are required simply to pay down the pension debt instead of for new benefits for current workers.

Around one in three retirees have received at least some salary to supplement retirement income, but 79 percent of current workers expect to do so.

The more recent work is relied on by current workers in the area.

They involve higher payments into the program from current workers, some form of diminished benefits, or some combination.

The problem is the consideration model doesn't offer current workers a choice between the existing plan and another retirement plan of similar value.

• The MTA said new workers should double the health care contributions made by current workers, and permanently contribute to their pensions.

It also wants workers hired after this contract is signed to contribute more to pensions and health care than current workers do and to work for longer periods before receiving automatic pay raises.

The MTA's most recent proposal, to give current workers the raises recommended by the two presidential boards but seek concessions from future workers came about three weeks ago.

It's also an attempt to pay the retirement costs of current workers now, rather than pass debt to future taxpayers.

An area that has yet to establish itself is the continual screening of current workers periodically after they are hired.

The state's constitution does not permit lowering benefits for current workers or retirees.

Only 14 % of current retirees actually retired at age 66 or older, while almost half of current workers 55 or older expect to retire at 66 or older.

Some have moved toward less - risky investments and many have increased contributions from taxpayers and from current workers.

Instead, it offers current workers two options with inferior benefits compared with what they receive today.

Verizon is investigating harassment alleged by eight former and current workers at XPO Logistics, a company the wireless provider contracts with.

Still, that transition could take place over decades, as current workers gradually age into retirement, and states could instead phase in changes slowly over time.

Unlike Social Security, where current workers pay for current retirees, defined benefit pension plans are supposed to be pre-funded.

The number of layoff according to current workers numbered between 400 to 700 employees.

Interestingly, there's a mismatch in expectations among current workers and the reality of retirees» lives day - to - day, the survey found: «In fact, 67 % of workers say they expect to work for pay during their retirement years, but only 23 % of retirees report they have ever worked for pay in retirement,» the USA Today report said.

President Obama announced tax cuts for small businesses that hire new workers or raise current workers» wages, and a special tax credit of $ 4,000 for employers that hire people who have been out of work for more than six months.

Current workers seem to be setting themselves up for a similar upset.

The Republicans» pension proposal attempts to reform pensions for current workers using the «consideration» model, an idea Cullerton first proposed years ago.

«Under the 2018 plan, not only are we funding an additional 30 positions to bring staffing to above 2010 levels, we're also increasing salaries for CPS workers, which will help us retain current workers and attract new ones.»

Councilman Brad Lander, a Brooklyn Democrat, said the mayor's proposal puts employees in a tough spot: While current workers would be able to choose their benefit option upon retirement, new employees would have to choose at the time they are hired, without knowing whether or when they would be injured in the line of duty.

One of the recruitment ads in Turning Stone's new «Get in the Game» initiative which features current workers.

Jobs and training would be guaranteed to existing current workers in the fossil fuel and nuclear industries.

It would be a fool's errand for current Governor Rauner to attempt, once again, to reduce benefits of current workers with the current pension clause in place.

LANSING, Mich. (AP)- The Michigan Senate has approved a compromise bill that would end state - provided health coverage in retirement for new public school employees and require current workers to pay more for their pensions.

According to the Employee Benefit Research Institute's (EBRI) 2015 Retirement Confidence Survey, current retirees actually retired earlier than current workers expect to retire.

In the future, the average retirement age and expected retirement age may converge as current workers retire later in life.

Once upon a time, FedLoan's website encouraged employers to brag to prospective employees about current workers who had received certification, but that ended quickly once the American Bar Association's dumbfounded lawyers pointed it out in a legal filing.

Despite no longer receiving provincial funding, ONIWG continues to lobby and raise public awareness (see current Workers» Comp Is a Right campaign) about what needs to be fixed in Ontario's broken workers» compensation system.

Since the state Constitution guarantees pension benefits for current employees, pension reform needs to be understood as a strategy that will impact state and local finances for the next generation of government workers and taxpayers, not current workers and taxpayers.

There are several screening tools for detecting «insider threats»: Ongoing «continuous» evaluation (CE); Re-enactment (post-mortem) screenings; Credit Reports and asset searches; Social Media Background Checks; and Screening current workers or newly acquired workforce.

Since then, pension reform advocates and taxpayer watchdogs have proposed benefit changes for current workers for prospective work.

These companies are also doing a great deal of damage to current workers in the process by making them disenfranchised in shaping their company's culture.

The administration estimates, based on current conditions, that even in 2037, there will be enough money generated from current workers to pay beneficiaries $ 760 for every $ 1,000 in benefits they were supposed to get.

ALL Public Sector Defined Benefit pension Plans should be hard frozen (ZERO future growth) for the future service of CURRENT workers, and replaced for Future service with a 401K - style Defined Contribution Plan with an employer (meaning Taxpayer) «match» comparable to what Private Sector workers typically get from their employers....

Yet with employers today unable to fill millions of jobs, that windfall could still be good news for current workers, because it could encourage companies to raise pay.

For current workers, our Department of Labor is partnering with employers to establish a career readiness credential that companies can respect and trust.

Debt, too, was an issue among the survey's respondents, with 51 % of current workers and 31 % of retirees saying their mortgage, credit card, and car loans payments are too high.

«The availability of jobs across industries underscores the need for companies to evaluate where their talent deficits are and become more strategic about how they fill these needs, whether that means reskilling their current workers, offering higher salaries to attract workers, or using data analytics to target talent with the right skills,» Ferguson comments.

On the surface, the Republican plan offers a way out of the pension system for current workers.

Illinois state Rep. Barbara Flynn Currie has introduced a pension bill that is unfair to new and current workers, is potentially unconstitutional, bails out Chicago Public Schools» pensions, and perpetuates Illinois» broken pension system.

The pension plan includes a «consideration» model originally proposed by Illinois Senate President John Cullerton, D - Chicago, which lessens benefits for current workers, and a proposed hybrid plan for new workers, which features both a 401 (k)- style plan and a pension component.

Pensions were to be paid for not by saving, but by the taxes of the current workers — thus enabling the post-war pensioners to have higher pensions immediately.

Huckabee's immigration policy is also unconvincing: He has come out for the «Rubio - Corker - Hoeven» approach (which is also the Republican establishment's approach) even though this policy would vastly increase future low - skill immigration even though such future immigration would hurt the lowest - skilled among America's current workers.

Orfalea Foundation will support the effort and retrain all our current workers.