Sentences with phrase «employee pension entitlements»

Today, taxpayers are unable to afford state and local government employee pension entitlements to the tune of $ 5.8 trillion, of which $ 1.7 trillion is unfunded, according to the Federal Reserve.

Not exact matches

In general, we live in a time where the competitive imperatives of the twenty - first century marketplace are eroding the safety nets on which we have come to depend — from our government entitlements to pensions to employer and employee loyalty to responsible local leadership.

It has overseen an explosion in the wage bill of the state, to the point where the average public - sector worker now earns # 74 more per week than a private - sector employee, as well as having much better pension and other entitlements.»

The centrepiece of his conclusions is that the existing final salary public service pension schemes be replaced by schemes where an employee's pension entitlement is still linked to their salary but is related to their career average earnings.

This will apply to both existing and new employees and no individual's state pension entitlement will be affected by the measure.

That means if you're a younger employee who has yet to build up a large pension entitlement, you may be on the hook not only for contributing more to your own pension, but also helping cover the share of pension shortfall attributable to older colleagues who are already retired.

A pension is essentially a «retirement savings vehicle to which an employee earns an absolute entitlement over time».

As well, an employee who retired from IBM but worked another job would still receive their full pension entitlement.

The Court first noted that, in the absence of employment contracts, Weyerhaeuser's communications to its employees were the most appropriate source of evidence regarding the nature of the employees» entitlement to pension benefits.

Discussion: Reductions in pension benefits may seem a significant source of savings for many companies, but altering benefits paid to retired employees requires care in determining the nature of the entitlement.

In some cases, employees who would in principle be entitled to an ESG may have elected under Article 141 to forego that entitlement and join the employer's pension scheme instead.

Ms Johnstone was unable to find childcare that would allow her to continue with her rotating shifts, the CBSA did not inquire into her circumstances, the move to part - time affected her pension and benefits entitlements, and the CBSA had accommodated other employees on religious and medical grounds.

However, the CJEU has also previously treated occupational pensions as a deferred form of pay, the entitlement to which accrues continuously over the employee's service, and therefore the respondent argued that an occupational pension constitutes deferred pay for past work, and the worker's entitlement to that pension accrues and is fixed at the time of the work for which it constitutes pay; the entitlement is not determined when the person retires and the pension becomes payable.

In cases where an employee is dismissed before the arrival of a date that triggers an entitlement to a benefit, such as the date when the employee will have earned the right to a full pension, a question inevitably arises as to whether the severance package offered to the employee should be structured in a way to «bridge» the former employee so that trigger date is achieved.

«But I recognize that an employer does have a duty of care when communicating to an employee about elements of their compensation, whether it's their base compensation or incentive entitlements, benefits or pension that [the employer] is accurate in the representations they make and that if there is some third party who has administrative control over that plan, that the employee is directed» there.