Thus, even though 30 of the service years were accrued under the old pension formula, all 31 years are rewarded at
the higher pension rate.
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.
Hickey contends the markets were ripe for a sell - off, which was sparked by converging factors including worries that rising wages will spur
higher interest
rates,
pension fund re-balancing and short volatility ETFs blowing up.
They allow lower and middle income families to shield their retirement savings from
high rates of taxation and clawbacks of public
pensions, leveling the tax «playing field» compared to
high income families with access to many tax - planning strategies.
These benefits would (i) largely go to developers and contractors for infrastructure projects like new pipelines that would happen even without new incentives and so be highly regressive; (ii) raise costs by failing to reach the tax - free
pension funds, sovereign wealth funds and international investors who are the most plausible sources of incremental infrastructure finance; (iii) not encourage at all the
highest return maintenance projects like fixing potholes that do not yield a pecuniary return for investors; and (iv) by offering credits at an unprecedented 82 percent
rate, invite all kinds of tax shelter abuse.
The Institute's rationale for increasing the overall contribution
rate from 20 per cent of pay to 24 per cent is their claim that the use of «fair - value» calculations reveals that the
pension liabilities are much
higher than reported, due to the use of a too
high discount
rate.
These benefits would (i) largely go to developers and contractors for infrastructure projects like new pipelines that would happen even without new incentives and so be highly regressive; (ii) raise costs by failing to reach the tax - free
pension funds, sovereign wealth funds and international investors that are the most plausible sources of incremental infrastructure finance; (iii) not encourage at all the
highest return maintenance projects like fixing potholes that do not yield a pecuniary return for investors; and (iv) by offering credits at an unprecedented 82 per cent
rate, invite all kinds of tax - shelter abuse.
The idea is for Wall Street to sell all these bad debts to
pension funds and say you'll make a
high rate of return, and then you'll be left holding the bag when it all collapses.
Some investors, including
pension funds, can only buy securities that carry
high credit
ratings.
I should think I'll be able to withdraw at a
higher rate than 3 or 4 % for the first 12 years because after that our State
Pensions will turn up, provide a fair whack of our income and take a load off our capital.
It's going to take
higher interest
rates to bring
pension capital to the Treasury market.
Why does Canada have a youth unemployment
rate of over 15 per cent; a federal debt $ 150 billion
higher than when the they took office in 2006; a federation weakened by federal - provincial squabbling over health, training and
pensions; greater uncertainty about retirement; widening income inequality?
* A letter from the Department of Works and
Pensions confirming your entitlement to the
higher or middle
rate
In a blog post for the think - tank's website, McMahon takes issue with AFL / CIO President Denis Hughes» statement that with the
high rate of return on the state employee
pension fund during the last fiscal year, the need for an overhaul of the system (i.e. less generous benefits, is unnecessary).
We find that public
pensions are vital to ensuring a decent standard of living for black retirees: the poverty
rate among black retirees without public
pensions is nearly 20 percent
higher than the poverty
rate among black retirees with public
pensions — almost double the difference in poverty
rates between all retirees with and without public
pensions.
But as the AFL - CIO points out, Comptroller Tom DiNapoli announced the same day as the Times piece that the
pension fund is running at a
higher rate of return than initially forecast, making them wonder why Cuomo is persuing the reform at all.
We will fund this by a repeat of the tax on bank bonuses and by restricting
pension tax relief for the very
highest earners to the same
rate as the average taxpayer.
Moody's pointed to four state budgets that have kept spending under a 2 percent year - over-year growth
rate and a
pension system that helps mitigate
high debt burdens.
The limit on property tax hikes is 2 percent or the
rate of inflation, whichever is lower, and includes some exceptions for municipalities with
high litigation or
pension contribution costs, or for staying under the cap before.
Options include an end to tax relief on
pension contributions for
higher -
rate taxpayers, an «accessions tax» to replace inheritance tax, and further increases in capital gains tax.»
A Cable chancellorship with Labour backing could be bold in redistributing the tax burden - ending
higher -
rate tax relief on
pensions, closing tax loopholes at the top and reducing the share paid by lower earners.
«Sweeping simplification of the state
pension system is needed so that everyone can expect a decent, flat -
rate pension, set at a level
high enough to help most people avoid poverty without recourse to means - tested benefits.
Westchester County, the New York suburb where household income is 53 percent above the U.S. average, wants to use its top credit
rating to sell taxable bonds to finance
pension contributions and avoid increasing the
highest taxes in the country... It faces a $ 54 million payment to the state retirement plan in 2011, $ 78 million in 2012 and $ 163 million in 2015, said County Executive Robert Astorino, who's working to close a $ 166 million budget gap next year.
Universal Credit was originally designed to increase work incentives, but the chairman of the work and
pensions select committee, Frank Field, said these figures suggested the original purpose of the credit — fixing
high marginal tax
rates — is much harder to sell.
Recent CentreForum reports, «Tax and the coalition» (pdf) and «A relief for some» (pdf), proposed limiting tax relief on contributions to
pensions to the standard 20p
rate and restricting the lump sum which can be taken tax - free on retirement to # 42,475 (the
rate at which
higher rate tax starts) rather than the current # 450,000.
The Conservative Party's favourite Liberal Democrat will recommend a mansions tax and cutting
pension relief for
higher -
rate taxpayers.
«In the Budget I set out the tax increases we were prepared to make, including on capital gains at the
higher rate,
pension relief on the largest contributions and... a permanent levy on banks.
Frank Field is one of these people who lots of people say is great until he is actually given any power, he manages both to agitate Labour MPs favourable towards welfare by coming out with solutions to time limit benefits and add workfare requirements, equally he is constantly saying that JSA
rates are far too low as well as demanding
pensions at
high rates for all, Tony Blair and Gordon Brown both came to the conclusion that his proposals on the State
Pension would have been hugely expensive - his pension plans could not all be funded by savings on the unemployed and would probably lead to a huge swelling in the welfare
Pension would have been hugely expensive - his
pension plans could not all be funded by savings on the unemployed and would probably lead to a huge swelling in the welfare
pension plans could not all be funded by savings on the unemployed and would probably lead to a huge swelling in the welfare budget.
Raising the retirement age might be sensible with an ageing population, but it is a gimmick unless age discrimination and inequality are seriously tackled; because if the
rate of unemployment is
high among the elderly then a raised retirement age simply defers the point where working age benefits are replaced by
pension benefits.
Abolishing
higher rate tax relief on
pension contributions was much less so — 42 % supported and 31 % opposed.
Costs of teacher
pensions and health insurance are accelerating at a far
higher rate, they noted.
While governments generally favor
higher birth
rates to maintain the workforce and tax base needed to fund
pensions, health care and other benefits for the elderly, it is typically families that bear the brunt of the cost of having children, the study found.
High mobility
rates and a 10 - year service requirement for teachers to qualify ensure that less than half of Michigan's new teachers will remain long enough to earn a
pension
Most importantly, Greene makes a big mistake when he writes that charters can avoid
pension or other benefit costs through
high turnover
rates.
Indeed,
pension benefits for full - career far workers typically have a
higher rate of investment return than Social Security.
But in a new article for Education Next, Chad Aldeman and Kelly Robson of Bellwether Education Partners find that despite the widely held belief that
pensions entice teachers to stay on the job, states base the financial health of their
pension plans on the opposite assumption: they rely on
high rates of teacher turnover in order to balance the books.
A career educator can work and pay into the retirement system with lower teacher or principal contribution
rates for the majority of their working years and still qualify for a
pension for the rest of their life based on their much
higher superintendent's salary.
In terms of
pensions, though, rising retention
rates mean
higher costs.
As CPS has faced surging
pension costs and a plummeting credit
rating — the district borrowed $ 725 million Wednesday at an extraordinarily
high interest
rate to stay afloat this year — Emanuel has sought budget relief from the state.
In all three of these situations, proponents of
pensions as retirement incentives would expect
higher turnover
rates from those teachers enrolled in TRS3, the hybrid plan.
Among associations representing
pension managers, for instance, much debate has focused on whether the 8 percent
rate of return assumed over the valuation period is too
high.
But charters also have
higher annual turnover
rates, suggesting that fewer of their teachers will ever truly benefit from existing
pension systems.
Yes, the
pension debt is much
higher than CalPERS has declared, and its assumed
rate of return on its investments is much more optimistic than it should be.
That is,
higher contribution
rates offset any gains a new teacher might make from the
pension enhancements.
The 2016 budget is currently $ 4 billion out - of - balance, the state's credit
rating has fallen to within four notches of junk status, and the state's
pension shortfall has reached an all - time
high of $ 111 billion.
There are lots of reasons for this — there weren't that many factory jobs to go around, those
pensions required long vesting periods of 10 or 20 years, and lower - income workers have
higher turnover
rates — but suffice it to say that the NPPC's history is overly rosy on this front.
The state has greater resources and almost always contributes to the
pension fund at a
higher rate.
For a
pension plan or endowment, forecast needed withdrawals over the next ten years, and calculate the present value at a conservative discount
rate, no
higher than 1 % above the ten - year Treasury yield.
In general, you have more control and easier access with an ISA, whereas
pensions offer wider scope for contributions and can be more tax - efficient, especially for
higher rate tax payers.
This is similar to a defined benefit
pension in that if this money puts you at a reasonably
high tax
rate then any RRSP withdrawals will be taxed at a
high rate and you lose part of the benefits of the RRSP.