Sentences with phrase «current workers pay»

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

Not exact matches

Thousands of low - paid workers striking in hundreds of cities across the country, demanding a minimum wage of up to $ 15 per hour to replace the current $ 7.25 minimum wage, showing that an increasing amount of those even in jobs are unhappy with their lot.

Using pay data from 1.3 million US employees who submitted their current base pay to Glassdoor's Know Your Worth tool between October, 2016 and October, 2017, Glassdoor found that the typical worker is paid about 13.3 % less than their market value.

«It's time to give American workers the pay raise that they've been looking for for many, many years,» Trump said in explaining his desire to slash the corporate tax rate to 15 percent, down from the current statutory rate of 35 percent.

«Employees in Alberta's petroleum sector are the highest paid in the country — and even with the current downturn, paycheques for those workers are still more than double the Canadian average.

Class action lawsuits filed by current and former Chipotle workers in Colorado and Minnesota accuse the burrito chain of making employees work extra hours without pay, reports CNN.

Two thirds of Canadians do not agree with the current law where employers are allowed to pay temporary foreign workers less for equivalents skills and duties (66 %), and just more than a quarter agree (28 %).

The most radical proposal, Proposal C, would take workers» pension savings accumulated over the past 35 years and pay the money to current retirees.

Once they've banked more than 80 hours, workers may redeem the excess hours by cashing out at their current rate of pay.

But there is little or no discussion in Unions Matter of current intergenerational tensions in the union movement: the movement toward two - tier workplaces, like Air Canada's Rouge Airlines, which aims to hire new, mostly younger workers at a lower pay scale and with fewer benefits than are enjoyed by older, established workers.

«We'd like to see all health care facilities pay their workers a living wage, and we'd like to see the current mantra that all new infrastructure be build with public private partnerships revisited.

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

Pay - as - you - go system: A retirement system in which benefits for current retirees are funded by taxes on today's workers in return for the implicit promise that those workers will receive retirement benefits funded by future workers.

Benefits paid to one ex-spouse do not affect those paid to the worker, the current spouse or other ex-spouses, Andersen said.

According to the Economic Policy Institute, the current ratio of CEO pay to average worker pay is 271 to 1.

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.

They might have to pay more, but it is no tragedy for our current population of low - skill workers to see larger wage gains during the good times.

Its tooth - sucking sadface at how we all need to tighten our belts in the current climate would be better directed elsewhere - perhaps at the employers paying workers insufficient wages that need topping up with tax credits.

«At the current rate of progress it will take 450 years for all workers to be paid a living wage in London,» she added.

He declared that with the current state of the state's economy, there would be no room for waste, reiterating that he would not borrow to pay workers salary; and that if there was any need to borrow, he would only borrow to execute capital projects.

The SYEP pays the youth's wages at the current minimum wage rate of $ 9.70 and all applicable payroll and workers compensation taxes.

Indeed, $ 15 an hour is more than the current «experienced» worker wage (the average for the highest - paid two - thirds) in 74 occupations that employ more than 100,000 Southern Tier workers.

The outsourced workers, who their union says are almost all of Latin American or African descent, say the current rate of pay is leaving them in poverty.

At a keynote speech at Age UK's conference two weeks ago, work and pensions secretary Iain Duncan Smith outlined his key principles for pension reform, with a focus on the next generation of pensioners and making it pay for current workers to save for retirement.

The wage board, meeting Monday in Albany, has heard dozens of workers say they struggle to pay ordinary living expenses such as rent, utilities and transportation at the current minimum, often with fluctuating and part - time work schedules.

· Allowing counties an option to modify how they fund state mandated pension contributions · Providing counties more audit authority in the special education preschool program · Improving government efficiency and streamlining state and local legislative operations by removing the need for counties to pursue home rule legislative requests every two years with the state legislature in order to extend current local sales tax authority · Reducing administrative and reporting requirements for counties under Article 6 public health programs · Reforming the Workers Compensation system · Renewing Binding Arbitration, which is scheduled to sunset in June 2013, with a new definition of «ability to pay» for municipalities under fiscal distress, making it subject to the property tax cap (does not apply to NYC) where «ability to pay» will be defined as no more than 2 percent growth in the contract.

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 Association of Health Care providers, which represents around 350 home health care agencies across New York, says many of its members can't afford to pay workers $ 15 an hour, which represents around a one - third increase to the current average pay of between $ 10 and $ 11.50 per hour.

Cuomo said there are other problems with the current pay structure for tipped workers.

As part of the cuts, the mayor called on Albany lawmakers to eliminate a $ 12,000 «holiday bonus» paid to current and future uniformed workers when they retire.

He said, «The current economic challenges had foisted huge difficulty on us and this has affected government to the extent that we have been receiving deficit allocations, but in spite of this, our government has been struggling to pay workers» salaries.

We all know that the current minimum wage is less that the electricity bill paid by most workers.

In this way, she said, current workers were making an unaffordable promise to themselves that younger workers must pay extra taxes at a later date.

Under the proposed legislation, developers who received more than $ 1 million in city subsidies would be forced to pay workers at least $ 10 an hour, plus benefits, or $ 11.50 without — significantly higher than current minimum wage.

Applicants must bring the following documentation to the outreach: 1) Proof of gross income received within the last 30 days for all household members a) Wages: If paid weekly, last four (4) paystubs b) Wages: If paid bi-weekly, last two (2) paystubs c) Award letters, if applicable (Social Security, Pension, Unemployment, Workers Comp, Disability, etc.) d) Yearly statement of interest received (savings, checking, CDs, money market account, etc.) e) Dividend proof (stocks, bonds securities, etc.) 2) Social Security numbers for all household members 3) One (1) form of ID for all household members (birth certificate or Social Security card or driver's license or school ID, etc.) 4) Proof of residency (utility bill, Rent / lease information or mortgage statement) 5) Current heat and / or electric bill.

He will call for Britain's five million lowest - paid workers to receive at least # 7.14 an hour, instead of the current # 5.83 minimum wage.»

In the current version, the schools can hire guards who must be paid the prevailing wage set by the city comptroller to reflect rates for unionized workers.

They include more pay for certain work shifts and a new salary scale that would ensure raises for entry - level employees each year instead of the current salary scale that denies workers raises in their first three years of county service.

The proverbial Martian charged with evaluating the current situation would conclude that PIs typically run their laboratories like fast - food restaurants — paying their workers as little as possible in order to maximize their personal gain.

The implied comparison is to other workers who are working 52 weeks, and the data being used for the wage comparison, the March Current Population Survey (CPS), include weeks of paid vacation as part of the work year.

They could opt out and instead pay more of their salary toward a pension than current school workers do, assuming more of the risk of underfunding.

To those who think such changes are draconian, all they do is reduced the current grossly EXCESSIVE «Total Compensation» (cash pay + pensions + benefits) of Public Sector workers down to level typically afforded comparable private Sector workers.

This would allow workers more flexibility and control over their retirement, cap the current plan's liabilities, force the state to start paying down the debt and prevent future underfunding.

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.

For example, if workers are given a rebate of their Social Security taxes in order to fund their new individual retirement accounts, the Social Security system will be deprived of revenues that are needed to pay current pension obligations.

Currently, the U.S. Social Security system is largely a pay - as - you - go program, with workers paying taxes that fund the benefits of current beneficiaries.

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.

Part of social security's setup involves the current population of workers paying the current population of retirees; their own retirements will have to be financed by the next generation.

While the positive effect of paid annual leave for the safety and health of the worker was deployed fully if it was taken in the year prescribed for that purpose — namely the current year — the significance of that rest period in that regard remained if it was taken during a later period.

a) Deem the total wages that are paid in the current year to the worker by the temporary help agency for work performed for the other employer to be paid by the other employer;