Sentences with phrase «funding pension obligations»

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

The fraud issue lies as far outside the scope of the financial committee meetings as does the question of how the economy should cope with its unpayably high mortgage, state and local debts in the face of its inadequately funded pension obligations.

And after a city actuarial analysis found New Yorkers are living longer than they used to, the city is now planning to spend an additional roughly $ 600 million a year to help fund its pension obligations.

Management stated that following the spinoff, both companies will have strong balance sheets and fully funded pension obligations.

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.

Connecticut has raised income taxes three times in the past decade, but now, struggling to meet its pension and healthcare obligations, it's going after hedge funds in Greenwich, the Financial Times reports.

But in 1996, Telmer enraged Hamilton workers by using pension holiday legislation to stop fully funding retiree obligations.

As tax revenues have shrunk, the city's financial obligations have grown — mainly to an ever - expanding pool of 30,000 retirees, promised life - time pensions and health benefits by short - sighted government officials over decades who consistently failed to fund those future obligations.

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»).

(a) Schedule 2.7 (a) of the Disclosure Schedule contains a list setting forth each employee benefit plan, program, policy or arrangement (including any «employee benefit plan» as defined in Section 3 (3) of the Employee Retirement Income Security Act of 1974, as amended («ERISA»)(«ERISA Plan»)-RRB-, including, without limitation, employee pension benefit plans, as defined in Section 3 (2) of ERISA, multi-employer plans, as defined in Section 3 (37) of ERISA, employee welfare benefit plans, as defined in Section 3 (1) of ERISA, deferred compensation plans, stock option plans, bonus plans, stock purchase plans, fringe benefit plans, life, hospitalization, disability and other insurance plans, severance or termination pay plans and policies, sick pay plans and vacation plans or arrangements, whether or not an ERISA Plan (including any funding mechanism therefore now in effect or required in the future as a result of the transactions contemplated by this Agreement or otherwise), whether formal or informal, oral or written, under which (i) any current or former employee, director or individual consultant of the Company (collectively, the «Company Employees») has any present or future right to benefits and which are contributed to, sponsored by or maintained by the Company or (ii) the Company or any ERISA Affiliate (as hereinafter defined) has had, has or may have any actual or contingent present or future liability or obligation.

The code allows the state's trustees, who manage the state pension fund, «to invest any funds of the trust in any instrument, obligation, security, or property that constitutes legal investments.»

The most important measure of our success is our fully funded status, meaning that we have enough assets to deliver on all our pension obligations, now and in the future.

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.

That argument simply does not hold water as the under - funded amount, $ 2.6 billion, represents the present value of all future obligations less the value of the assets EK's dedicates to the pension obligations.

The Illinois Pension Fund needs to borrow up to $ 107 billion to meet its payment obligations.

Concerns focused on the profitability of banks, insurance companies and pension funds, as well as on the increase in corporate pension obligations.

«Underfunded» is a socially polite way to say «the pension fund has a big debt obligation to future beneficiaries.»

Regarding public funds, we're getting older and broker as we speak in terms of public obligations toward pensions (and other expenses), and meanwhile our bridges and electric grids rot.

«The city does have a plan to slowly, over 22 years, catch up the funding in its pension obligations.

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

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.

Says that the Pew Center identifies NY as the best funded pension plan in the country, but unlike other states NY will meet obligations.

Liz asks DiNapoli to clarify that pushing off pension fund obligations with interest isn't borrowing.

In fact GASB 45 is a recent accounting requirement put in place because private sector employers routinely under funded and misstated their own pension and health insurance obligations.

The mayor's proposed budget sets aside $ 600 million to help fully fund the city's pension obligations.

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.

The district's rapidly increasing obligations to the Chicago Teachers» Pension Fund represent one of its biggest liabilities, putting enormous stress on the school system's budget as it makes hundreds of millions of dollars worth of annual pension paPension Fund represent one of its biggest liabilities, putting enormous stress on the school system's budget as it makes hundreds of millions of dollars worth of annual pension papension payments.

Pennsylvania took over Philadelphia's public schools in 2001, and test scores have dropped while the district wrestles with the debt it incurred from pension obligations and funding new charter schools.

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.

In its research report, the Fordham Foundation uses the PSERS system's projections of future contribution rates to estimate what Philadelphia's school system will need to pay in coming years to adequately cover its obligations within the state's teacher pension funds.

MEA lost 6.7 percent of its active members in 2015, but the real problem is its failure to fund obligations to staff pensions and post-retirement health care.

Walker, however, didn't have to worry about that, because he inherited the nation's strongest state pension system, with 99.8 percent of its obligations funded.

It needs to earn high returns so that pension funds can pay down debts and meet burgeoning financial obligations to their members.

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.

The Legislature laid out districts» obligations through 2020 - 21 in a deal three years ago to rescue CalSTRS, the state teachers pension fund, and CalPERS, the pension fund that covers state, municipal and non-credentialed school employees.

Even when terminal funding was permitted (back in the 1980s to early 90s)-- where plan sponsors could buy annuities from insurers to free themselves from their pension obligations, it typically wasn't a big business, and what did get done transferred credit risk from the plan sponsor to the participant.

@footnoted Pension and healthcare systems will not be able to fund the obligations; lesser benefits will be paid.

Public pension funds have come under pressure in recent years as funding concerns and declining returns have led many pension plans to reexamine the role of risk and investment returns in meeting the fund obligations.

Pension funds, insurance companies, banks, and corporations are the biggest customers, buying bonds to have stable sources of cash flows to meet predictable obligations.

The AVC is a neat option at OMERS: you can treat them like a mutual fund or ETF and invest in the same investment portfolio they're using to try to meet their members» pension obligations, on top of what they're investing for you for your pension.

Every pension plan is required to undergo regular valuations, whereby actuaries determine whether it has enough assets to fund its obligations.

As this occurred, the value of all outstanding collateralized debt obligations also declined, creating huge losses for investors, including pension funds, mutual funds, hedge funds, and other types of investment vehicles.

I'm merely stating that after funding the pension (in line with mgmt comments) and paying the expected dividend (while not an obligation to shareholders, mgmt knows the company's relative valuation is at least partially based on its yield relative to peers and will not likely cut it) there is no capital left for growth, share repurchaes or to raise the dividend.

For instance, coupon payments for muni bonds sold to fund those activities are federally taxed, with one common example is a bond issued to fund a state's pension plan obligation.

For example, if workers are given a rebate of their Social Security taxes in order to fund their new individual retirement accounts, the Social Security system will be deprived of revenues that are needed to pay current pension obligations.

Other highly rated institutions, including pension funds and government sponsored entities, also offer third - party credit enhancement on asset - backed and municipal obligations.

State pension funds have been impacted by underfunding of obligations and by the severe economic recession.

To meet their obligations to retirees, pension funds tend to assume they will earn an eight percent return on investments each year.

Post Employment Obligations (This is the line of pension funding, and it is also where a lot of companies are getting into trouble, so pay attention here)