Sentences with phrase «down pension debts»

The vast majority are losing out in terms of retirement benefits, and all of them are losing out because their employers have to keep paying down pension debts.

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

For every dollar states and local school districts are contributing to teacher pension plans, an average of $.70 goes toward paying down pension debt.

Not exact matches

In April a 40 % stake in its parent, Glencore Agriculture Products, was quietly repatriated by the Canada Pension Plan Investment Board for US$ 2.5 billion as Glencore shed assets to pay down debt.

The city is weighed down with debt, billions in unfunded pension obligations, declining credit ratings, a police department often accused of using excessive force against African - Americans, a rising tide of murders, and a host of other troubles.

``... The result of the junk bond process was to load American industry down with so much debt that there's no money to pay pensions...»

That will allow Illinois to begin paying down its unfunded pension debt.

He wants the money to go toward paying down the state's debt, especially the $ 74 billion unfunded liability from the state's teacher pension plan (CalSTRS).

In early 2016, spurred by a seemingly perpetual bankruptcy crisis at Detroit Public Schools (DPS)-- by this point, counting unfunded pension liabilities, the district was almost $ 1.7 billion in the red — the state senate narrowly passed a bill that would bail out the district and split it into two separate entities: the old DPS, which would exist to collect taxes and pay down debt, and a proposed new Detroit Education Commission (DEC) to oversee schooling in the city, including regulating the openings and closings of traditional public schools and charter schools.

In order to pay down the current debt, the state increased pension contribution rates that are deducted from a teacher's paycheck.

The pension obligations are not going away anytime soon, and there's no magic solution for paying down those past debts.

The bulk of this increase went to paying down debt on existing pension obligations, not to the direct costs of providing new benefits for current teachers.

Within pension systems, there are two types of contributions: the cost needed to provide benefits (called the normal cost) and the cost of paying down debt (amortization costs).

Nationally, for every $ 1 that states and schools are contributing to pensions, 70 cents goes toward paying down debt and only 30 cents goes toward actual teacher benefits.

Should federal funds designed to support the education of low - income students be diverted to paying down state pension debts?

While Gov. Jerry Brown has instituted a new funding formula for school districts statewide, sending putting more dollars in local hands, he is also asking teachers to increase their pension contributions as a way to help pay down $ 74 billion in teacher pension debt.

Within pension systems, there are two types of contributions: the cost needed to provide benefits (called the «normal cost») and the cost of paying down debt (called «amortization costs»).

It needs to earn high returns so that pension funds can pay down debts and meet burgeoning financial obligations to their members.

Together, this would be a stronger approach that would increase funding for existing pension obligations, slow down debt accrual, and provide higher quality benefits to many public employees.

Traditional pension plans can also take on debt when their promises exceed their savings, and those costs trickle down to teachers in real ways.

Furthermore, shifting more public employees into a DC plan will slow down the growth of New Jersey's pension debts.

In our article «Pay down debt or save for retirement», we ran the numbers and saw that the matched pension scheme contribution absolutely trumps paying down debt, even on credit cards with 20 % + interest rates.

I would continue to focus on exactly what you're focusing on: Living within your means, paying down debts and saving for retirement — either by being successful in a job that gives you a pension or saving in an RRSP.

Older papers that model the choice of companies to either a) contribute to their staff's pension plan, or b) pay down debt, or c) invest for growth... from the point of view of the investor holding that company's stock....

If paying this 2,000.00 can you eliminate your debt which is worrying you (and is the only way to do so), they maybe it is a good idea to forgo some of the financial benefits of contributing to your pension in exchange for the physical and mental benefits of paying down the loan.

In Cobourg, Sue Earl says she is receiving employment insurance benefits and has started her Canada Pension Plan payments early to top up her RRSPs and pay down debt.

Do you see any possibility of a similar resurrection at INM, given the changing of the guard, the sale of South African assets, fixing of pension deficit and write down of debts etc.?

But what's done is done — a pay - down of accumulated debt was prudent, and it allows IFG to focus on bulking up its more mundane pensions & IFA business.

On emerging from chapter 11 the company still had $ 900 million in LT debt which was planned to be paid down through the sale of non-core assets over the 12 to 18 months plus a large underfunded pension liability.