Sentences with phrase «further pension cuts»

The Greek government, elected early this year on a platform of ending years of austerity imposed by Germany and other lenders, is pushing back against further pension cuts and higher taxes, saying they would further weaken an already crippled economy.

Not exact matches

They called for immediate steps to reopen banks and said any deal must address debt sustainability - code for reducing Athens» crushing debt - but gave no hint of concessions from the Greek side towards its creditors» demands for deep spending cuts and far - reaching reforms of pensions and labour markets.

But later this month the Greek parliament is going to have to vote on whether or not to shrink the economy further and cut pensions even more.

Bailout inspectors resumed talks in Athens on Wednesday, pressing Athens for further cost - cutting reforms that include an overhaul of the country's pension system.

Or it wouldn't, had not the government added two further conditions to its «no tax hikes» pledge: that it would make no cuts in transfers to provinces, or to persons (notably old age pensions and employment insurance).

«Britain's generous defined benefit pensions have plumbed further depths during August, reaching another record - breaking deficit of # 459.4 bn as the scramble for bond assets and the interest rate cut sent their liabilities soaring -LSB-...]

The retirement age, pension cuts, privatizations and the government's intention to reinstate collective bargaining restrictions in the labor market are all areas where Greece and and its creditors remain far apart, the official said.

If this wasn't enough, Cameron's government wants to further punish those on poverty wages by cutting the benefits that they have to claim, through reforms overseen by Work and Pensions secretary Iain Duncan Smith.

«The Department of Work and Pensions has a long track record of misusing statistics when it comes to the benefits system, and it's clear this was a tactic to vindicate further welfare cuts,» Parkinson's UK policy advisor Donna O'Brien said.

Further, Miner has made it clear that even with this temporary reduction in pension payments, the city still can not balance its budget and faces cuts that would compromise the gains made in the last decade.

Labour's spokesman on Work and Pensions, Liam Byrne, recently set out some of Labour's ideas for welfare reform, and declared that if Labour was elected in 2015, there would have to be further cuts in the amount spent on welfare.

But reducing the overall tax «burden» meant going much further, and funding additional cuts in taxation by reducing the money that the government is able to spend on the things that, it might be argued, are best provided collectively: schools, hospitals, pensions, unemployment benefits, disability allowances, the police and the armed forces.

Rising anger over the cuts, though the pensions dispute has nothing whatever to do with the budget deficit, will reinforce the resistance, thus far and no further, on an issue where the Government is seen to be acting manifestly unfairly.

The Green Party candidate cites Cuomo's budget cuts, enacting lowered pension benefits for new state workers, and the governor's refusal, so far, to ban hydro fracking.

Our pensions have already been reformed to cut costs and the agreements already exist to limit any further cost increases.

«Pension fund managers across the country have cut or eliminated exposure to these overpriced and underperforming investments, while the Office of the New York State Comptroller has stood still and spent pension system funds chasing performance that continues to fall far short,» said Financial Services Superintendent MariaPension fund managers across the country have cut or eliminated exposure to these overpriced and underperforming investments, while the Office of the New York State Comptroller has stood still and spent pension system funds chasing performance that continues to fall far short,» said Financial Services Superintendent Mariapension system funds chasing performance that continues to fall far short,» said Financial Services Superintendent Maria Vullo.

Senior elected representatives of the Public and Commercial Services union, by far the largest union in the civil service, today (11) confirmed a rejection of the government's planned cuts to public sector pensions.

The Green Party candidate cites Cuomo's budget cuts, enacting lowered pension benefits for new state workers and refusal, so far, to ban hydrofracking.

In a sobering announcement, the chancellor revealed that the state pension age would increase to 70 by the 2060s and unveiled a further # 1 billion in additional spending cuts.

93 % of NUT members agree that the NUT is right not to sign up to the Government's proposals to cut teachers» pensions and agree that the NUT must continue to seek further improvements.

Duncan Smith resigned as work and pensions secretary on Friday, citing the cuts to disability benefits contained in the Budget as «a compromise too far».

Even its longtime work and pensions secretary, Iain Duncan Smith, eventually broke ranks and resigned after a budget that proposed still further cuts to disabled people's benefits.

That this House declines to give a Second Reading to the Welfare Benefits Up - rating Bill because it fails to address the reasons why the cost of benefits is exceeding the Government's plans; notes that the Resolution Foundation has calculated that 68 per cent of households affected by these measures are in work and that figures from the Institute for Fiscal Studies show that all the measures announced in the Autumn Statement, including those in the Bill, will mean a single - earner family with children on average will be # 534 worse off by 2015; further notes that the Bill does not include anything to remedy the deficiencies in the Government's work programme or the slipped timetable for universal credit; believes that a comprehensive plan to reduce the benefits bill must include measures to create economic growth and help the 129,400 adults over the age of 25 out of work for 24 months or more, but that the Bill does not do so; further believes that the Bill should introduce a compulsory jobs guarantee, which would give long - term unemployed adults a job they would have to take up or lose benefits, funded by limiting tax relief on pension contributions for people earning over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate of income tax is being reduced, which will result in those earning over a million pounds per year receiving an average tax cut of over # 100,000 a year.

Firstly, IDS stresses the difficulty of cutting welfare, in light of George Osborne's call for further cuts to the Work and Pensions budget.

It's not too late, but Louisiana must reform its teacher pension plan as well as its funding policy to prevent further cuts and preserve the financial health and security of its communities.

Recent reforms have further whittled away at pensions by cutting benefits and imposing greater restrictions for new hires in an attempt to pay down liabilities accrued over years of inadequate funding and poor returns in the stock market.

However, the injection comes in the context of further significant cuts faced by schools as a result of unfunded cost pressures like salary, pension and national insurance rises and other unexpected costs like the apprenticeship levy.