Sentences with phrase «federal government employee pension»

Other direct program spending, consisting of operating expenses for Crown corporation, defence and all other departments and agencies, increased $ 2.3 billion (4.2 %), primarily reflecting increases in federal government employee pension and other future benefit liabilities, reflecting the impact of lower interest rates.

Direct program expenses were up $ 1.0 billion (5.5 %), primarily due to the timing of payments as well as an increase in federal government employee pension and other future benefit liabilities, reflecting the impact of lower interest rates.

Not exact matches

The federal and provincial governments are in talks to introduce the Pooled Registered Pension Plan (PRPP), which is targeted at self - employed individuals and employees without pension plans at small - to medium - sized busiPension Plan (PRPP), which is targeted at self - employed individuals and employees without pension plans at small - to medium - sized busipension plans at small - to medium - sized businesses.

Second, growing accrual surpluses in the federal government employees» pension accounts allowed the government to amortize these surpluses on an annual basis.

However, at the end of 2009 - 10, the Government booked the full liability ($ 5.9 billion) for the one - time HST harmonization costs for Ontario and British Columbia and an increase in accrual liabilities for federal employee pensions of about $ 3 billion.

Further raising the temperature is Canadians» learning that the stresses affecting their own retirements do not affect the government employees whose pensions they backstop — federal employees heading that list.

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.

Some federal employees and employees of state or local government agencies may be eligible for pensions that are based on earnings not covered by Social Security.

Federal government worker Average age at retirement: 58 Years of service: 26 Years collecting a pension: 27 Estimated value of pension at retirement: $ 560,000 to $ 660,000 (based on a projected real return of 2.8 % to 4.3 % a year) Amount of pension currently contributed by the employee: 33 % Pension benefit is equivalent to what percentage of worker's pension: 27 Estimated value of pension at retirement: $ 560,000 to $ 660,000 (based on a projected real return of 2.8 % to 4.3 % a year) Amount of pension currently contributed by the employee: 33 % Pension benefit is equivalent to what percentage of worker's pension at retirement: $ 560,000 to $ 660,000 (based on a projected real return of 2.8 % to 4.3 % a year) Amount of pension currently contributed by the employee: 33 % Pension benefit is equivalent to what percentage of worker's pension currently contributed by the employee: 33 % Pension benefit is equivalent to what percentage of worker's Pension benefit is equivalent to what percentage of worker's salary?

Also, new federal government hires will be able to retire with unreduced pensions after a long career only at age 60, rather than the 55 enjoyed by current employees.

While federal and provincial leaders debate how to solve the pension crisis during meetings in Whitehorse this week, an interesting proposal has been suggested by the head of Ontario's municipal workers pension plan: let anyone join a government employee pension plan.

Lately, it's been getting a bit of interest because some parties see it as a threat to much - loved Defined Benefit (DB) pension plans for federal government workers and Crown Corporation employees, (such as Canada Post, CBC, Via Rail, etc.).

In a report earlier this year, the think tank estimated the cost of federal employee pension plans is more than $ 100 billion higher than the government says it is because Ottawa is underestimating the future costs.

The changes come as the C.D. Howe Institute raises questions about the burden of the federal government's employee pension plans.

If a court wants to transfer certain kinds of federally regulated retirements assets titled in the name of one spouse to another spouse in the course of a divorce, this is only effective if the Court follows the exacting requirements of a «qualified domestic relations order» (similar requirements apply to both federal government employee benefits and to private pension plans governed by ERISA which is a federal law with broad pre-emptive effect over private pension law).