Sentences with phrase «employee pension plans around»

Some public employee pension plans around the country are less than 50 percent funded, and states and localities sometimes struggle to meet their benefit obligations, especially for pensions.

Not exact matches

They are also angry at plans by the company to close the main final salary pension scheme to future accrual, reducing the total pay package of each affected employee by typically around 20 per cent.

If the vast majority of workers remained in one pension plan for the life of their career, the back - loaded nature of defined benefits would create some perverse incentives around the normal retirement age (where pension wealth comes to a steep spike), but it wouldn't matter that the employee was accumulating very little early in their career.