Sentences with phrase «existing pension systems»

If states continue to preserve their existing pension systems at any cost, teachers will see the Pension Pac - Man eat further and further into their take - home pay.

But charters also have higher annual turnover rates, suggesting that fewer of their teachers will ever truly benefit from existing pension systems.

Defined Contribution Plan for Newly Elected — Require all newly elected officials to join SUNY's Defined Contribution Plan instead of the existing pension system.

Not exact matches

The current round of hand - wringing over pensions got its start in late 2007, when the British Columbia and Alberta governments appointed the Joint Expert Panel on Pension Standards to examine the existing retirement system.

[278] UK government pensions minister Steve Webb said in May 2014 that Scots would be entitled to the current levels of state pension after independence because they had accumulated rights within the existing system.

As more is revealed about what really went on then that is still existing, and how the AG covered it up by refusing to indict the corruption now running the State Agencies and Authorities in Albany for massive Civil Service Law abuse and the granting of Pension System Final Average Salaries (FAS) way above the their permanent competitive status, you'll hear more excuses than a corrupt regime gives when it is about to collapse and they're in total fear.

To develop a measure of the resulting redistribution, we compare existing DB systems to a fiscally equivalent plan where pension wealth is neutrally distributed: a cash balance (CB) system.

States should give each teacher the right to choose an alternative contract that contains terms and benefits consistent with those in the private sector (e.g., an at - will contract with standard health - care benefits, 401k, etc.), and sits outside of the existing teacher pension system.

In keeping the existing defined benefit pension plans, policymakers are choosing to preserve a system where teachers and their employers are contributing more than teachers will ever receive back in benefits.

Thankfully, mandatory retirement laws do not exist anymore, but current pension systems do subtly encourage older teachers to retire.

Mandatory retirement laws do not exist anymore, but current pension systems do subtly encourage older teachers to retire.

This paper uses a policy change in California to show that the extreme rewards and penalties built into existing defined benefit teacher pension systems do affect teacher retirement behavior.

(e) This section is intended to confirm and clarify existing law that none of the provisions of this chapter, other than the provisions of subdivision (1) of Section 5 -19-1 and Section 5 -19-3, apply to any transaction that is not a consumer transaction, or, where provided in subsection (a) to any transaction involving an interest in real property, whether or not a consumer transaction, to any transaction of a trust institution described in subsection (a), or to any municipal pension system created under the laws of the State of Alabama described in subsection (a).