NPS is administered on behalf of
the government by the Pension Fund Regulatory and Development Authority India (PFRDA).
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.
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.
«Many people do not know this but there's an entire program
funded by the
government trying to find people who have
pensions — the money is just sitting there,» Salisbury says.
On the heels of plans
by the
Government Pension Investment
Fund -LRB-
On the heels of plans
by the
Government Pension Investment
Fund (GPIF) to double its investment into Japanese equities, other institutional investors have committed approximately $ 250 billion.
The days are gone when family breadwinners could expect to work for one employer throughout their entire career, retire on generous defined benefit
pensions provided
by that employer, with the comfort of knowing that expenses in their golden years would be securely
funded by the deep pockets of
government.
Some 70 % of shares in U.S. - listed companies today are held
by mutual
funds,
pension funds, insurance companies, sovereign
funds, and other institutional investors, which manage them on behalf of beneficiaries such as households, pensioners, policy holders, and
governments.
And better yet, if the Fed can keep the
pensions thinly solvent
by pumping up the stock market, Congress and State
Governments can defer the inevitable taxpayer bailout of public
pension funds — for now.
In 37 states,
pension contributions plus state -
funded Medicaid grew
by more than state and local
government tax revenue between 2007 and 2014, in real per - capita terms.
The
government could facilitate this simply
by restricting investors in some projects to Canadian
pension funds.
Ultimately,
Government of Canada marketable securities are mostly held
by Canadians, and can be found in retail and institutional investment portfolios, insurance and
pension funds, as well as a variety of other investment vehicles.
This cutback will accelerate the point at which the program moves into supposed «negative equity» — a calculation that ignores the option of restoring
pension funding to the
government's general budget, where it would be paid out of progressively levied income tax and hence borne mainly
by the wealthy, not
by lower - income wage earners as a «user fee.»
And it doesn't even begin to address the real problem — the $ 7 trillion
funding gap faced
by the
government's own
pensions.
Financial repression includes directed lending to
government by captive domestic audiences (such as
pension funds), explicit or implicit caps on interest rates, regulation of cross-border capital movements, and (generally) a tighter connection between
government and banks.
This $ 300 - million budget deficit is not paid for
by additional
government debt, but
by union members who must increase their contributions to the
pension fund.
Cuomo will be joined this morning on a telephone press conference
by good
government advocates who will add their voices to his call for
pension fund reform that would change management of the
fund from a sole trusteeship to a board system.
The New York Times, for example, reported that Cuomo plans to
fund the new Tappan Zee Bridge with $ 3 billion in bonds backed
by toll revenue and $ 2.2 billion with loans from union
pension funds and the federal
government.
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.
The ethics bill was the latest attempt
by Cuomo and legislators to respond to the wave of investigations, arrests and convictions that have tainted state
government for nearly a decade, starting with the arrest of former state Comptroller Alan Hevesi in a probe that revealed state
pension fund bribes and kickbacks.
A recent survey of 97 sovereign investors — which include sovereign wealth
funds, state
pension funds, central banks and
government ministries collectively holding # 9 trillion of assets -
by Invesco found they see the UK as a less attractive destination for investment.
· Allowing counties an option to modify how they
fund state mandated
pension contributions · Providing counties more audit authority in the special education preschool program · Improving
government efficiency and streamlining state and local legislative operations
by removing the need for counties to pursue home rule legislative requests every two years with the state legislature in order to extend current local sales tax authority · Reducing administrative and reporting requirements for counties under Article 6 public health programs · Reforming the Workers Compensation system · Renewing Binding Arbitration, which is scheduled to sunset in June 2013, with a new definition of «ability to pay» for municipalities under fiscal distress, making it subject to the property tax cap (does not apply to NYC) where «ability to pay» will be defined as no more than 2 percent growth in the contract.
They accused
government of unduly delaying the payment of their tier two
pension funds being held
by the National
Pensions Regulatory Authority in the last three years.
Similarly, the amount state and local
governments will have to pay into the state's main
pension fund for other public employees would double to nearly $ 4 billion — even if most localities opt into a borrowing scheme approved this year
by lawmakers to soften the blow.
The statement read in part, «The commission, which preferred 24 charges against the ex-banker before Justice Babatunde Quadri of the Federal High Court, Maitama, Abuja, accused him of transferring N78, 521, 431.61 from the Federal
Government Pension funds into private accounts held
by nonpensioners in contravention of Section 15 (2)(b) of the Money Laundering Act 2011.
From the President who has refused to act on investigative reports submitted to him on grievous allegations of diverting over a billion naira meant for resettlement of Internal Displaced Persons (IDPs)
by the Secretary to the
Government of the Federation, Babachir Lawal under the Presidential Initiative for the North East (PINE) and the miraculous discovery of 13billion naira in an apartment at Ikoyi, Lagos under the supervision of the Director of the Nigerian Intelligence Agency (NIA), Ayodele Oke, to the Head of Service of the Federation, Oyo - Ita Winifred Ekanem, who connived with others to reinstate into active duty and promote Abdulrasheed Maina, the former Chairman of the
Pension Reform Task Team, who allegedly stole over 6billion naira pension fund; the Chief of Staff to President Buhari now renamed the «Thief of Staff», Abba Kyari, who allegedly received a bribe of 500million naira to negotiate a fine reduction for MTN Nigeria, and has continuously been in the heart of every sharp practices in the Presidency; the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu who allegedly received a kickback of 3.8 billion naira in exchange for marginal oilfield using his brother, Dumebi Kachikwu as front; the Minister of Justice, Abubakar Malami, who was the brain behind the reinstatement of Abdulrasheed Maina; the Chief of Army Staff, General Tukur Buratai who during his time as the Director of Procurement at the Army Headquarters allegedly diverted funds meant to equip the Military into buying choice properties worth millions of dollar in Dubai; the Minister for Solid Minerals, Dr. Kayode Fayemi who allegedly embezled State Universal Education Board (SUBEB) funds as the Governor of Ekiti State; the Minister for Interior, Abdulrahman Bello Dambazau who was indicted by a Presidential investigative committee probing Arm procurement for awarding ghost contracts worth $ 930,500,690 with others while as the Chief of Army Staff between 2008 - 2010 and one of the brains behind the reinstatement of Abdulrasheed Maina; the Minister of Transportation, Rotimi Amaechi alleged to have stolent 142billion naira as the Governor of Rivers
Pension Reform Task Team, who allegedly stole over 6billion naira
pension fund; the Chief of Staff to President Buhari now renamed the «Thief of Staff», Abba Kyari, who allegedly received a bribe of 500million naira to negotiate a fine reduction for MTN Nigeria, and has continuously been in the heart of every sharp practices in the Presidency; the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu who allegedly received a kickback of 3.8 billion naira in exchange for marginal oilfield using his brother, Dumebi Kachikwu as front; the Minister of Justice, Abubakar Malami, who was the brain behind the reinstatement of Abdulrasheed Maina; the Chief of Army Staff, General Tukur Buratai who during his time as the Director of Procurement at the Army Headquarters allegedly diverted funds meant to equip the Military into buying choice properties worth millions of dollar in Dubai; the Minister for Solid Minerals, Dr. Kayode Fayemi who allegedly embezled State Universal Education Board (SUBEB) funds as the Governor of Ekiti State; the Minister for Interior, Abdulrahman Bello Dambazau who was indicted by a Presidential investigative committee probing Arm procurement for awarding ghost contracts worth $ 930,500,690 with others while as the Chief of Army Staff between 2008 - 2010 and one of the brains behind the reinstatement of Abdulrasheed Maina; the Minister of Transportation, Rotimi Amaechi alleged to have stolent 142billion naira as the Governor of Rivers
pension fund; the Chief of Staff to President Buhari now renamed the «Thief of Staff», Abba Kyari, who allegedly received a bribe of 500million naira to negotiate a fine reduction for MTN Nigeria, and has continuously been in the heart of every sharp practices in the Presidency; the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu who allegedly received a kickback of 3.8 billion naira in exchange for marginal oilfield using his brother, Dumebi Kachikwu as front; the Minister of Justice, Abubakar Malami, who was the brain behind the reinstatement of Abdulrasheed Maina; the Chief of Army Staff, General Tukur Buratai who during his time as the Director of Procurement at the Army Headquarters allegedly diverted
funds meant to equip the Military into buying choice properties worth millions of dollar in Dubai; the Minister for Solid Minerals, Dr. Kayode Fayemi who allegedly embezled State Universal Education Board (SUBEB)
funds as the Governor of Ekiti State; the Minister for Interior, Abdulrahman Bello Dambazau who was indicted
by a Presidential investigative committee probing Arm procurement for awarding ghost contracts worth $ 930,500,690 with others while as the Chief of Army Staff between 2008 - 2010 and one of the brains behind the reinstatement of Abdulrasheed Maina; the Minister of Transportation, Rotimi Amaechi alleged to have stolent 142billion naira as the Governor of Rivers State.
He added: «
Pension funds and other investors will be encouraged
by the
government's attempt to reduce risk
by using its
funding power to boost the investment grade of a range of projects.»
So presumably, the less wealthy, after being told what to spend their money on
by «society» for all their working years, reach pensionable age fully moulded
by a paternalistic
government into financially responsible citizens who will commit a significant amount of their time to research where they want to invest their
pensions, and subsequently enjoy «regular updates on how their
pension fund was growing» — because of course, like house prices,
pension funds can only rise in value.
Cuomo's veto message on Friday said the bill would create $ 57 million in «near - term commitments» for local
governments by failing to establish a state
funding stream for the added
pension time.
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.
Aregbesola said the harmonisation of 2012 retires
by theFederal
Government through the
Pension Transitional Arrangement will serve as a relief to states who were hitherto affected
by the shortfall in the
funds accruable to states.
I am being stripped of my
pension funds and assets
by a
government that thinks redistributing the toils of my hard work is somehow beneficial, and because no positive changes ever happen I am getting out while I can.
The vote comes on the heels of last week's historic day of industrial action
by the NHS, whereby doctors boycotted non-acute care as a way of expressing their dissatisfaction with the
government's proposed changes to their
pension funds.
He said the
fund was also used as it was directed
by the CBN to pay salary of local
government workers, primary school teachers and
pension arrears.
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.
The duo engaged each other on discussions bothering on the aleged misappropriation of
fund by the Suswam administration to the tune of N107 billion; the rate of underdevelopment
by his administration as well as neglect of the people
by the same
government in terms of payment of salaries and
pensions.
Basic
pensions, long squeezed
by successive
governments, were treated well, but child benefit was frozen, housing and invalidity benefit battered, child trust
funds abolished, tweaks and tougher testing imposed elsewhere.
The adjusted data reflect the value of actual
pension benefits accrued each year
by teachers, not merely what the
governments happen to contribute to their
pension funds each year.
Malcolm Trobe, interim general secretary of the Association of School and College Leaders, commented on the longer school day saying: «While we welcome any additional
funding for schools, the reality is that the
government has already made savings
by requiring schools to pay increased employer National Insurance and
pension contributions from existing budgets.
Rising
pension and national insurance costs, coupled with new pressures such as the apprenticeship levy and hiring targets, mean schools are losing money despite a pledge
by the
government to protect core schools
funding in this Parliament.
Teachers»
pensions are
funded to some extent
by teachers themselves but the bulk of the payment is supplied
by the school district (the taxpayer) and the local and state
government (the taxpayer).
But it's really not as sensible as Rampell says: Taxpayers in plenty of states have fully
funded teachers»
pensions at a huge cost already, at least
by highly optimistic
government accounting rules.
On the heels of plans
by the
Government Pension Investment
Fund (GPIF) to double its investment into Japanese equities, other institutional investors have committed approximately $ 250 billion.
On the heels of plans
by the
Government Pension Investment
Fund -LRB-
One good strategy is to do both: you can
fund your retirement from your own portfolio, but also purchase an annuity to provide cash flow for non-discretionary expenses that aren't covered
by government and employer
pensions.
You may have missed a recent piece
by Jason Zweig that appeared in the new WSJ.Money section a couple weeks ago that highlight the investment strategy (and relative success) of the country's
Government Pension Fund Global that invests the country's money globally.
The main differences are that PRPPs can be set up
by small businesses so that contributions automatically come off an employee's paycheque (employees would be allowed to opt out); the
government also promises that PRPPs would have lower management fees because contributions would be «pooled» with others in large
pension funds, creating economies of scale.
More info The Basic State
Pension is a
Government - administered scheme,
funded by National Insurance contributions, to give those who have reached the
Government - defined retirement age a guaranteed weekly income.
A veiled attempt to raid
pension assets to
fund the US
Government by those aligned with the Obama Administration.
(The study noted the $ 1.5 trillion in assets owned
by government and employer
pension funds are not allocated to the household sector, although they are ultimately held for the benefit of households.)