Sentences with phrase «employee pension»

Rising costs of public employee pension plans are a source of fiscal stress in many cities and states and have led to calls for reform.

Major issues during the 2016 legislative session included passing a state budget, public employee pension plan reform, and school funding.

This is primarily driven by capital gains and losses in state employee pension funds.

I don't think the average state employee pension is the problem.

The first is the long term problem of setting enough money aside to pay for employee pensions.

Yet it is these administrators who are expected to be the professional voice for the school districts that are bearing the heavy cost of employee pension benefits.

But more must be done to control public employee pension costs.

The employer is accountable for having enough assets to pay employee pension benefits.

Changing the public employee pension program would clearly be a bold action.

Employee pension payments, including payments from a defined benefits plan, should generally not reduce the damages otherwise payable for wrongful dismissal.

Issues include: increasing the tax on health insurance; attacking public employee pensions by creating a new Tier V; and supporting an irresponsible property tax cap.

During the 1930s, insurance companies sold life insurance policies and worked with businesses to provide employee pensions.

He cut costs by laying off workers, installing new work rules and stripping employee pension funds.

But setting up complex employee pension plans can be tough for a business.

Under state law, the bulk of public employee pensions come from investment returns generated by the retirement fund.

For each year of retirement prior to 63, employee pension allowances will be permanently reduced by 6.5 percent.

It is not unlike traditional companies offering employees pensions and investment options.

As an employer, you have a responsibility to make sure that you keep up to date with your duties and compliance for employee pensions.

He also discussed cutting state employee pensions to cut the budget.

In many cases, employee pension costs go from just about 4.5 percent of payroll to 7.5 percent, he adds.

Pension income, whether from a public employee pension fund or from a private employer, is also taxable.

An SEP IRA stands for Simplified Employee Pension Individual Retirement Account.

For three years now PSI has been warning that New Jersey had neglected its government employee pension system for so long that the state's 2010 and 2011 reforms were inadequate to save the system.

Note on the assumptions on the numbers: These numbers are based on a DB pension payment of $ 17,000 annually indexed at 1 % based on Jason Heath's research on the Quebec government employee pension plan.

SEP IRA stands for Simplified Employee Pension Individual Retirement Account.

Benefits this rich, backed by no assets, put MPs in no position to fix other federal employee pension plans — whose collective deficit around a quarter of a trillion dollars creates a serious burden for taxpayers, and lessens the urgency in Ottawa to make the changes other Canadians struggling for a secure retirement badly need.

In 2009 federal revenue dropped to 14.6 percent of GDP, state revenue collapsed to 4.4 percent of GDP (including $ 0.5 trillion in employee pension fund losses) and local revenue decreased to 6.4 percent of GDP.

A Simplified Employee Pension IRA (SEP IRA) is a kind of savings plan sponsored by the employer.

The Dallas - based firm, which manages $ 23 billion, said the investor - led plan was approved by about 86 % of Highland Crusader Fund clients, including the Houston Municipal Employees Pension Scheme, which sued Highland in May, accusing it of looting the fund.

The ability to avoid too much unpalatable cutting was the consequence of finding # 7bn extra cuts / effective tax rises from the Welfare budget and from Child Benefit, along with rises in public sector employee pension contributions, though it was disappointing (but not surprising) that misdirected programmes such as winter fuel payments survive intact.

Last night, by overwhelming margins, the Rhode Island legislature passed what may be the nation's most comprehensive state public employee pension reform ever.

Hagens Berman represents plaintiffs / victims in securities and investment fraud, product liability, tort, antitrust, consumer fraud, employment, whistleblower, intellectual property, environmental and employee pension protection cases.

In 2006 and 2007, plaintiff Houston Municipal Employees Pension System (HMEPS) invested an aggregate $ 15 million with hedge fund Highland Crusader Fund, L.P. (Fund).

Also included are a batch of public - sector employee pension sweeteners, which historically are passed by lawmakers who count the public employees» unions as allies and supporters.

Additionally, those who are self - employed can also make tax - deductible contributions to a Simplified Employee Pension account.

For example, state legislators packed a session on modifying public employee pensions at the recent meeting of the National Conference of State Legislatures in Louisville, Ky..

Additionally, lawmakers made a dark deal with Gov. Andrew Cuomo last spring trading support for onerous and unnecessary public employee pension tier changes in exchange for favorable legislative redistricting.

Many districts also have been able to achieve some savings because of declining student enrollments and lower employee pension costs.

Maziarz says there are some expenses that are exempt to the cap like employee pension and health insurance costs.

Phillip Green would be a very fat python indeed, for he has just swallowed a very big employee pension pot.»

City taxpayers also would continue to pay any legacy costs associated with employee pensions.

Labor, conversely, can not cut the creditor line, and the courts can discharge collective bargaining contracts and employee pensions just like any contractual obligation that isn't an aircraft.

The OECPs mandate directed it away from this field of inquiry.35 The inquiries in Alberta and BC and in Nova Scotia devote less consideration to plans that involve joint cost sharing and governance than does the OECP, and this may reflect the fact that their mandates exclude provincial employee pension plans.

The Update claims this is largely attributable «to a change in the timing of when employee pension and benefit liabilities are expensed», due to lower - than - expected long - term interest rates.

Latest case in point comes from a NY Times report that de Blasio is trying to strong - arm trustees of NYC employee pension funds — who are supposed to be fiduciaries of their beneficiaries, not mayoral rubber stamps — into divesting from oil stocks:

The objections arise because of the government's inappropriate accounting for certain employee pension assets and for the cost of the recent Fair Hydro Plan.

Just as real estate speculators hoped to end up with a capital gain, so raiders sought to resell companies at a gain — by downsizing the labor force, shifting to non-union labor, and renegotiating employee pensions downward by threatening bankruptcy as an alternative (leaving the Public Benefit Guarantee Corp. stuck with the bill).