Previously he worked
for pension companies and, before that, spent five years as a History teacher.
Not exact matches
My dad worked
for 35 years at Stelco in Hamilton, before watching a once great
company dragged into bankruptcy, in large part because of a
pension plan it could no longer fund.
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential
for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences
for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals
for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand
for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on
pension plan assets and the impact of future discount rate changes on
pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price
for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the
Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate
for our additional capital needs or
for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions
for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
In his current role as President and Chief Strategist of Optimize Advisors, Mike uses pioneering and proprietary artificial intelligence technology to advise hedge funds, banks,
pensions, mutual funds, insurance
companies, and family offices in the effective use of listed options
for enhancing returns and managing risk.
«Nothing is stopping any
company from teaming up with an insurance
company and setting up a DC [defined contribution]
pension plan or a group RRSP
for their employees.
In 1995, the
pension plan had co-funded the McCains» takeover bid
for Maple Leaf Foods from British
company Hillsdown PLC, and held a 35 % stake since then.
The
company has applied ASU 2017 - 07 retrospectively
for the presentation of the service cost component and the other components of net periodic
pension cost and net periodic postretirement benefit cost and prospectively
for the capitalization of the service cost component of net periodic
pension cost and net periodic postretirement benefit in assets.
If you signed up
for a six - year payout, the
company gets your
pension for a full six years.
It's building insurance
companies; it's building
pension funds; it's building whole structures that we need
for long - term investments,» said Mark Tinker, who is Head of Framlington Equities Asia at AXA Investment Managers.
With debts and
pension obligations outweighing the
company's value, it approached the government and its lenders
for a bail - out, but failed to reach a deal.
The collapse raises fears
for the jobs and
pensions of the 43,000 people employed by the
company worldwide as well as questions over what will become of the 450 projects the U.K. government has employed the
company to carry out.
It's building insurance
companies; it's building
pension funds; it's building whole structures that we need
for long - term investments,» said Mark Tinker, who is
Beyond the
pension issue, the CEOs believed that employees who work past the typical retirement age can be beneficial
for a
company because of their knowledge, experience and ability to mentor younger staff.
Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities
for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8)
company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13)
pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined
company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined
company, to retain and hire key personnel.
With so many U.S. corporations racing to the bottom — moving manufacturing to foreign countries
for cheap labor and no environmental responsibility, taking advantage of the H1 - B Visa program to bring cheap workers in, lowering benefits and eliminating
pension plans — it's refreshing to learn that some
companies are taking the exact opposite approach.
COPENHAGEN, Feb 8 - Shares in Danish telecoms operator TDC surged 20 percent on Thursday after Australia's Macquarie and three Danish
pension funds said they had made a takeover approach
for the
company.
• Golub Capital invested $ 675 million in PetVet Care Centers, a Wesport, Conn. - based operator of veterinary hospitals
for pets and portfolio
company of Ontario Teachers»
Pension Plan.
Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, and capital markets conditions and other factors beyond the
Company's control, including natural and other disasters or climate change affecting the operations of the
Company or its customers and suppliers; (2) the
Company's credit ratings and its cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and market acceptance of new product offerings; (6) the availability and cost of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the
Company's information technology infrastructure; (10) financial market risks that may affect the
Company's funding obligations under defined benefit
pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the
Company's Annual Report on Form 10 - K
for the year ended Dec. 31, 2017, and any subsequent quarterly reports on Form 10 - Q (the «Reports»).
Second, a rethinking of corporate models since the Great Recession has led to a more agile lean way of doing business that abandons the «corporate monolith» model once again makes small - time entrepreneurship a realistic career alternative to the nearly - obsolete ideal of getting a job at a big
company, staying
for 30 years to retire with a
pension and gold watch.
If the
company you worked
for closed or if its plan has been terminated, check the
Pension Benefit Guaranty Corporation.
Prohibited Transaction Exemption 84 - 24
for Certain Transactions Involving Insurance Agents and Brokers,
Pension Consultants, Insurance
Companies and Investment
Company Principal Underwriters, 49 FR 13208 (April 3, 1984), as corrected 49 FR 24819 (June 15, 1984), as amended 71 FR 5887 (Feb. 3, 2006), and as amended 81 FR 21147 (April 8, 2016).
The billions of dollars managed by mutual funds, hedge funds, insurance
companies, university endowments,
pensions, foundations, sovereign wealth funds and the like need to find returns
for their money.
These risks and uncertainties include competition and other economic conditions including fragmentation of the media landscape and competition from other media alternatives; changes in advertising demand, circulation levels and audience shares; the
Company's ability to develop and grow its online businesses; the
Company's reliance on revenue from printing and distributing third - party publications; changes in newsprint prices; macroeconomic trends and conditions; the
Company's ability to adapt to technological changes; the
Company's ability to realize benefits or synergies from acquisitions or divestitures or to operate its businesses effectively following acquisitions or divestitures; the
Company's success in implementing expense mitigation efforts; the
Company's reliance on third - party vendors
for various services; adverse results from litigation, governmental investigations or tax - related proceedings or audits; the
Company's ability to attract and retain employees; the
Company's ability to satisfy
pension and other postretirement employee benefit obligations; changes in accounting standards; the effect of labor strikes, lockouts and labor negotiations; regulatory and judicial rulings; the
Company's indebtedness and ability to comply with debt covenants applicable to its debt facilities; the
Company's ability to satisfy future capital and liquidity requirements; the
Company's ability to access the credit and capital markets at the times and in the amounts needed and on acceptable terms; and other events beyond the
Company's control that may result in unexpected adverse operating results.
[31] Therefore, from June 9, 2017, until January 1, 2018, insurance agents, insurance brokers,
pension consultants and insurance
companies will be able to continue to rely on PTE 84 - 24, as previously written, [32]
for the recommendation and sale of fixed indexed, variable, and other annuity contracts to plans and IRAs, [33] subject to Start Printed Page 16917the addition of the Impartial Conduct Standards.
Prohibited Transaction Exemption 84 - 24
for Certain Transactions Involving Insurance Agents and Brokers,
Pension Consultants, Insurance
Companies, and Investment
Company Principal Underwriters, is amended as follows:
Cumulative employer contributions in excess of accrued net
pension cost
for plans based in the
company's home country.
Lacy Hunt is the executive vice president of Hoisington Investment, a firm that manages $ 6.5 billion
for pension funds, endowments, and insurance
companies.
Rather than paying these
pensions out of current income as it is earned or plowing their earnings back into investment in their own business,
companies take their income and «financialize» it by buying stocks and bonds
for their
pension funds.
Cerberus and its affiliates manage over $ 30 billion
for many of the world's most respected investors, including government and private sector
pension and retirement funds, charitable foundations and university endowments, insurance
companies, family offices, sovereign wealth funds and high net worth individuals.
For decades, Neuberger Berman — which invests some $ 267 billion for pension funds, sovereign wealth funds and individuals — and peers like T. Rowe Price and BlackRock were reluctant to rock the boat at the companies they invested
For decades, Neuberger Berman — which invests some $ 267 billion
for pension funds, sovereign wealth funds and individuals — and peers like T. Rowe Price and BlackRock were reluctant to rock the boat at the companies they invested
for pension funds, sovereign wealth funds and individuals — and peers like T. Rowe Price and BlackRock were reluctant to rock the boat at the
companies they invested in.
And finally, there has been near - limitless demand
for 30 - year paper from
pension funds and insurance
companies.
Anne Sheehan is the Director of Corporate Governance
for the California State Teachers» Retirement System (CalSTRS), the largest teacher's public
pension fund in the USA, where she is responsible
for overseeing all corporate governance activities
for the fund including proxy voting,
company engagements and managing $ 4 billion placed with activists managers and sustainability managers.
This is not good
for the stock market, and makes it even harder
for companies to pay
pensions out of capital gains they hope to make.
Legislators in New Jersey and teachers in Florida are now calling
for public employee
pension funds to sell their shares of firearms
companies.
Before you get discouraged about how much you need to save
for retirement, remember in Canada we have OAS, CPP, along with
company pensions or any other source of income you might have to compliment your income.
Most managers running retail and
pension money have no idea what a triple - hook rating means
for any
company with massive cash flow deficits operating in a financial environment in which the Fed is not printing trillions of dollars that can be recycled into bad ideas.
Employees who are at least 50 years old and have worked
for the
company at least 20 years can get a double -
pension, Leikness said.
In the six - month period of fiscal 2018, the
company incurred gains of $ 14 million in Other expenses / (income)($ 10 million after tax, or $.03 per share) associated with mark - to - market adjustments
for defined benefit
pension and postretirement plans.
As fewer
companies offer
pensions and Social Security makes up a smaller percentage of the average retiree's income, individuals will have to rely more on their own savings
for living in retirement.
For the year ended July 30, 2017, the company incurred gains of $ 178 million in Other expenses / (income)($ 116 million after tax, or $.38 per share) associated with mark - to - market adjustments for defined benefit pension and postretirement pla
For the year ended July 30, 2017, the
company incurred gains of $ 178 million in Other expenses / (income)($ 116 million after tax, or $.38 per share) associated with mark - to - market adjustments
for defined benefit pension and postretirement pla
for defined benefit
pension and postretirement plans.
After all, there are all sorts of unfair tax rules and abuses, including large corporations shifting income overseas to avoid Canadian taxes, the ability to deduct and split the fat
pensions of government employees and even the ability
for some to set up fake private
companies to benefit from small business tax provisions.
Among the largest unsecured creditors listed in the petition are the
Pension Benefit Guaranty Corp., which is the US government's insurer for failed private - sector pension plans, and the Marlin Firearms Company Employees Pensio
Pension Benefit Guaranty Corp., which is the US government's insurer
for failed private - sector
pension plans, and the Marlin Firearms Company Employees Pensio
pension plans, and the Marlin Firearms
Company Employees
PensionPension Plan.
The Daily Telegraph understands the troubled retailer is also in talks with the
Pension Protection Fund, the safety net
for retirement funds when
companies collapse.
If we work in the
company for another 5 years then our
pensions would double at age 55 and we can then use the new savings to buy a place in Hawaii.
Classifying
pensions as senior debt won't stop bankruptcies if a
company can't change with the market, but that's no reason
for johnny - come - lately PE firms to ignore unfunded
pension liabilities so they can take the cash & run.
Companies undergoing a change of ownership are encouraged to seek clearance
for the deal from the TPR and explain how they will protect the
pension fund going forward.
The benefits wouldn't be quite as expansive as
for full - time employees, but in the scenario he imagines, «each
company puts in a little bit, the drivers put in a little bit, and they can use it
for heath care or their
pension or whatever they want.»
For an investor's perspective, consider the Council of Institutional Investors, an influential group of
pension and investment funds that push
companies to improve corporate governance and pay practices.
Rising rates and a banner year
for stocks could lift earnings at some large
companies that have made an arcane but significant change to the way their
pension plans are valued.
The
company also sold a 30 per cent stake in its railway division to
pension fund manager Caisse de depot
for US$ 1.5 billion.