Sentences with phrase «for pension obligations»

Also I'm sure you are also aware certified charter school teachers are also in the teacher retirement system which means public dollars are going to pay for their pension obligations.

That means that a plan has less in assets than what it owes for pension obligations (benefits).

Park officials said that according to a state - mandated tax levy, $ 10 million was collected for pension obligations in the last fiscal year.

Not exact matches

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.

State pension funds, facing a potential multitrillion - dollar shortfall, find themselves in the center of a four - way battle: Employees and retirees expect to be paid their promised benefits; the pension systems have clear obligations but may not have the resources to pay them; politicians are looking for ways to resolve the underfunding and balance the burden among retirees and workers; and state taxpayers, challenged to provide for their own retirements, resent the additional tax load.

Every national postal service in the developed world is facing the same assault on its core business (and most have loads of financial baggage associated with the pension obligations for large workforces).

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.

Judge Klein's decision to overlook the disparate treatment accorded pensioners and capital - market creditors disappointed municipal - bond investors, who had hoped for better treatment in the wake of his Oct. 1 decision that pensions deserved no more protection than other contractual obligations.

In an era when the pension liabilities of local governments remain a concern, investors may want to consider the debt offered by established public enterprises — airports and utilities, for example — as an attractive alternative to lease revenue and pension obligation bonds.

Torstar is investigating a merger of its pension plan assets with a multi-employer plan called CAAT, which would take over the obligation for paying past accrued benefits and future pension benefits of Torstar employees.

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»).

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.

This is «totally defeating» for pensions, which «are not going to be able to meet their 7.5 percent or 8 percent obligations,» Bogle said in a Bloomberg Radio interview that aired Thursday.

«As with our pension obligations, as with our lack of investment in our urban centers, as with our lack of planning... we all take the blame for 30 years of inactivity.»

• Assumptions made in how pension payments are calculated to be large enough for future obligations

At year - end 2013, we estimate pension funding levels for our 50 largest rated US corporate issuers increased by 19 percentage points to 94 % of pension obligations, compared with a year earlier.

For 2011 and 2012, that meant losses, largely because interest rates were falling — that increased the current value of pension obligations, which affected the plans» expenses.

Not fully funding pension obligations now costs taxpayers more in future years to pay for the pension benefits of employees, he said.

They raise fears that protections for labor rights, state pensions, the Adirondack Park's «Forever Wild» Forest Preserve and our obligations to educate our children and care for the needy could be curtailed, or even overturned.

Without this constitutional protection, state and local pension funds could be raided like a piggybank to pay for other obligations.

'' «notes the threats to the future of the Royal Mail and welcomes the conclusion of the Hooper Report that, as part of a plan to place the Royal Mail on a sustainable path for the future, the current six days a week universal service obligation (USO) must be protected, that the primary duty of a new regulator should be to maintain the USO, and that the Government should address the growing pensions deficit; notes that modernisation in the Royal Mail is essential and that investment must be found for it; endorses the call for a new relationship between management and postal unions; urges engagement with relevant stakeholders to secure the Government's commitment to a thriving and prosperous Royal Mail, secure in public ownership, that is able to compete and lead internationally and that preserves the universal postal service; further notes the Conservatives» failure to invest in Royal Mail when they were in power in contrast with Labour's support for both Royal Mail and the Post Office; and notes that legislation on these issues will be subject to normal parliamentary procedures.»

Calling it an «oppressive unfunded mandate» that would impose $ 57 million in «near term obligations» on local governments across New York State, Governor Cuomo has vetoed a bill that would have allowed public employees to claim up to three years worth of pension service credit for time spent in military duty.

We have also seen the success of the pension fund industry as a text book example of where government policy set clear parameters for participation, led by example and enforced legal obligations.

He's continuing to utilize a program first enacted in 2010, when the state government and municipalities were socked with a spike in required pension obligations to make up for stock market losses related to the 2008 stock market crash.

Soaring pension obligations resulting from contracts won by politically influential public employees» unions have become a financial liability for state and many local governments.

Together with four of my colleagues, therefore, I proposed amendments to the budget that would have allowed us to pay for our full pension obligation by cutting expenses elsewhere.

Also, «for those defendants previously convicted and who have failed to satisfy the financial obligations imposed at sentencing, we will consider federal civil forfeiture actions against their pensions to satisfy criminal judgments,» the prosecutor said.

The city's unfunded obligation for post-employment benefits other than pensions grew by nearly $ 39 billion to $ 92.5 billion between fiscal years 2006 and 2013, and will likely continue to grow during the financial plan period

Illinois Gov. Rod R. Blagojevich should abandon his $ 45 million plans to provide preschool for all of the state's 3 - and 4 - year - olds and health coverage for all uninsured children in Illinois, and instead focus on paying for the state's pension obligations, according to a report from the Chicago - based Civic Federation.

Again, though, the new ESEA should allow states great latitude in structuring that right (for instance, they could give that choice to individual teachers, or allow a school - by - school vote); regardless, each state will have to figure out what to do with its pension obligations to teachers who switch to the new contract.

With individual states on the hook for tens or hundreds of millions in unfunded pension and health insurance obligations, state leaders are trying to determine the severity of the situation and the appropriate response.

Conversion specifics will vary by state; obviously, those with huge unfunded liabilities will have a tougher time finding an elegant solution to converting past pension obligations for teachers nearing vesting milestones.

For example, charters might gain access to facilities or special education supports, and would help contribute to a fund to buy down pension obligations in exchange.

This means for roughly every $ 7,000 allocated for a student, over $ 1,000 will go toward paying off pension obligations.

The pension obligations are not going away anytime soon, and there's no magic solution for paying down those past debts.

The bulk of this increase went to paying down debt on existing pension obligations, not to the direct costs of providing new benefits for current teachers.

North Carolina's move could also clear the way for other states to take similar steps, particularly as lawmakers look for ways to control spending in the face of increased pension, public safety and health care obligations.

The question remains of how will states pay for their existing pension obligations.

Stakeholders could actually check to see whether districts were prioritizing school sites or holding onto dollars intended for high - need students to spend on other obligations such as pension and benefit increases (as critics often claim).

A DfE spokesperson, while not able to direct Schools Week to specific advice for schools, said: «We know that academies face increasing costs to cover their pension obligations and we are working with colleagues across government to address this.

City, school and Chicago Teachers Union officials have looked to Springfield for a permanent fix that would address the weight of the district's pension obligations.

Atlanta Public Schools Chief Financial Officer Lisa Bracken said the school district has higher costs for several reasons: The expense of city living drives up teacher pay; the district has «low population» schools that lack economies of scale but are kept open «due to urban traffic constraints and community needs;» many students need extra services because they have learning problems or disabilities, don't speak English fluently or come from poverty; and the district has a large unfunded pension liability with growing obligations.

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.

A DOE spokeswoman said the city school system treats all public schools and students equally, but said the city school system is responsible for other costs, such as contractually negotiated obligations for salaries, benefits and pensions, that charter schools are not obligated to provide employees.

And, while not part of the budget for education, Illinois must also pay down the portion of the state's annual pension obligation bond payments (POBs) allotted to the Teachers» Retirement System, or TRS, which covers all Illinois elementary - and secondary - school teachers outside of Chicago.

Together, this would be a stronger approach that would increase funding for existing pension obligations, slow down debt accrual, and provide higher quality benefits to many public employees.

Here is a late entry for consideration: a study out of Georgetown examining the impact on pension obligations of substantial, late - career raises for teachers.

His goal of closing tax loopholes would secure significantly more revenue for the state to direct to its pension obligations and ensure that retirees receive the full benefits they earned.

And while that is good news for the state's own pension obligations, it will do nothing to help districts make their payments this year.

Even though, as my colleagues have pointed out, pensions are not an effective way for the majority of today's teachers to save for retirement, that isn't an acceptable reason to retreat on existing pension obligations that current teachers rely on and need in their retirement.