Sentences with phrase «in pension credits»

The NAO finds the Department for Work and Pensions (DWP) has made «real and substantial progress» since its last report in 2002, noting that # 6 billion was given out in pension credits to 2.7 million pensioner households last year - a take up rate of about 69 per cent.

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.

Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.

The city is weighed down with debt, billions in unfunded pension obligations, declining credit ratings, a police department often accused of using excessive force against African - Americans, a rising tide of murders, and a host of other troubles.

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.

The recent stock market and real estate bubbles are much like pyramid schemes in the sense that what is bidding up stock and property prices is an exponential inflow of new money from pension plans and mutual funds (for shares) and bank credit (for real estate).

Dominion Lending Centres Commercial has established excellent relationships in the lending community with pension funds, banks, credit unions, life insurance companies, trust companies, private institutions and individual investors.

On hand will be several of our Sector Leads and analysts to review and discuss S&P Global's research related to credit pressures facing U.S. states and local governments, with a focus on pension issues and emerging risks / trends in public finance.

But according to Credit - rating agency Moody's, state, federal and local government pension plans are also $ 7 trillion short in funding.

Classic bank services in Denmark, primarily to retail clients, including bank accounts and debit / credit cards, mortgage credit, bank advice services and pension products.

Verizon recorded a $ 6 billion pretax gain in its fourth - quarter earnings for «severance, pension and benefit» credits — largely due to a gain from «mark - to - market» accounting for its pension plan, the method to which Verizon switched in 2011.

«We would like the Department for Work and Pensions to look at ways in which they can reduce the 6 - week wait to be made and also increase the amount of information available locally so people who are moving onto Universal Credit are well informed about the process.

There should also be a gradual shift towards raising the basic state pension in line with earnings, and, while he would maintain the pensioner's credit, he would freeze the maximum level of payments to limit means - testing as much as possible.

Any leaving of the State Consitutional Merit Hiring category should result in the leaving of the Common Pension System (with credits and Final Average Salary or FAS frozen at that time and amount).

In December, the House of Commons Work and Pensions Committee supported LITRG's call for an independent review of tax credit compliance processes following significant delays and difficulties faced by tax credit claimants trying to deal with Concentrix, the private company hired by HMRC to carry out tax credit checks on their behalf.

Budgets have turned into raffles when major U-turns on everything from tax credits and pension relief, disability payments and police cuts, and of course the crumbling of the notorious pasty tax, mean a group of angry MPs, led by disrespectful rebels in the Tory ranks, will pick big ticket items and batter a once unassailable Chancellor into another humiliating change of direction.

However, Labour has pointed out that there will be much lower in - work benefit payments for new claimants put on universal credit — the system championed by the work and pensions secretary, Duncan Smith.

An interesting finding in this work is that through interaction with Universal Credit, childcare policy and automatic enrolment in workplace pensions, a higher personal allowance could well be of little benefit for many low earners — and indeed could damage future prospects in terms of their pensions.

The Work and Pensions Department has accepted that # 34 million was wasted during the implementation of the Universal Credit system, before a technical support was called in to redesign the IT.

In response to Cabinet Office minister Francis Maude's admission that the implementation of the Universal Credit system has been «pretty lamentable», the Department for Work and Pensions has told ITV News Iain Duncan Smith has «not shied away from any tough decisions» over the policy:

«As I researched the idea of promoting savings in our sector, the idea of credit union came into mind and I said that's it because it dawned on me that majority of the people don't have savings accounts, insurance cover or even pension schemes and since I became the Chairman of GHAMRO I really felt the pinch because every now and then I get calls from members asking for advance payment of their royalty to either pay school fees, settle medical bills or to even solve other financial problems then I've realized that this vacuum has to be filled because GHAMRO doesn't have a policy to pay this type of monies».

After vetoing a similar measure only weeks ago, Gov. Andrew Cuomo and state lawmakers have agreed in advance on legislation to expand a pension credit for veterans.

The legislation agreed to would expand the number of veterans that were not previously covered in the current law and remove barriers that prevented women who served in the military from additional pension credits due to now - discarded policy that barred women from being deployed in combat.

Paul Cann, director of policy at Help the Aged, said: «Someone who claims pension credit over the phone will in future get council tax benefit and housing benefit as a matter of course, without the need to fill in any forms at all.

In addition, to address the fact that just 30 per cent of women are entitled to the full state pension, Mr Hutton announced a new credit system to ensure everybody's contribution to society - including those who care for children or the elderly - counted towards their pension.

To his credit, Prime Minister David Cameron and his ministers have been robust in defending the reforms, saying that the changes are designed to make public sector pensions affordable for the long term and failure to reform will bankrupt the whole system, a point even many on the Labour benches recognise.

Current state law allows veterans who served in only certain conflicts, including World War II, the Korean War and the Vietnam War, to purchase pension credits.

In addition, any lawmakers serving as constitutional convention delegates would get more credits toward their state pensions from the extra earnings.

Current law prescribes only veterans who have served in specific conflicts receive up to additional three years of service credit in the pension system.

· you received income support, income - based jobseeker's allowance, income related employment and support allowance or pension credit for the whole 2013 - 14 tax year, or according to HMRC data, you only have employment or occupational pension (unless you only have a temporary national insurance number or made a fresh claim in 2013 - 14 but did not provide your actual previous year income at the time)

Twice before, the state Legislature has passed a bill that would allow all veterans to get a three - year service credit in the state's pension system, regardless of when and where they served.

After multiple vetoes in recent years, Gov. Andrew Cuomo on Tuesday night approved a measure designed to expand pension credits for those public employees who served in the military.

From 2011 - with the exception of state pensions and pension credits - benefits, tax credits and public service pensions will rise in line with the consumer price index (CPI) rather than the generally higher retail price index (RPI).

But others didn't make the final cut, including the governor's education tax credit, a hike in the state's minimum wage, and an agreement on pension forfeiture.

Maximum pension benefits averaged $ 68,676 for the 2,495 members of the New York State Teachers Retirement System who retired in school year 2016 - 17 with at least 30 years of credited service time, according to data posted today on SeeThroughNY, the Empire Center's transparency website.

In a speech at the Open University in Milton Keynes this morning, Mr Smith said: «I'll reform pension tax relief so that the richest pay more and low - paid workers see the benefit through higher pensions, a real living wage and reversing the Tories cuts to universal crediIn a speech at the Open University in Milton Keynes this morning, Mr Smith said: «I'll reform pension tax relief so that the richest pay more and low - paid workers see the benefit through higher pensions, a real living wage and reversing the Tories cuts to universal crediin Milton Keynes this morning, Mr Smith said: «I'll reform pension tax relief so that the richest pay more and low - paid workers see the benefit through higher pensions, a real living wage and reversing the Tories cuts to universal credit.

But there in last week's weekly mailing was two - and - a-half-term minority party assemblyman and sate Senate candidate George Amedore Jr. taking credit for capping property taxes, repealing the MTA payroll tax, passing pension reform, enacting ethics reform and balancing not one but two budgets «delivered on time.»

Cuomo credits the budget, as well as agreements approved in mid-March, for implementing new teacher evaluations, pension changes that create a new tier of lowered benefits for public employees, and helping local governments with Medicaid costs.

He said from now on all benefits, except state pensions and pension credits, will rise in line with consumer prices, rather than retail prices, to reflect every day prices better.

The already intense pressure on a shrinking network of jobcentres will increase further in 2019 when the Department for Work and Pensions (DWP) will begin moving millions of existing benefit claimants onto Universal Credit.

After holding it for four months, the state Senate has just sent Governor Andrew Cuomo a bill that would add hundreds of millions of dollars * to state and local pension costs by allowing public employees to claim pension service credit for time spent in peacetime military duty.

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.

Under current law, [state and local government] employees are eligible to purchase credited pension service time for up to three years of military service, providing they were in the military during the World War II, Korean War and Vietnam eras, or served in specified theaters of combat operations in Grenada, Panama or the Middle East since the 1980s.

The work and pensions secretary insisted the money spent on the system, which is intended to manage the implementation of universal credit, was roughly in line with what the private sector would expect to lose on a major IT project.

Speaking with reporters at a news conference in his office, DiNapoli said the convention would have to spend money on pay for delegates and staff and their pension credits.

Veterans who served during World War II, the Korean War, the War in Vietnam are eligible for the pension credit, as are workers who served in the military during a variety of conflicts in the 1980s and 1990s.

«Today's report from the public accounts committee is a shocking confirmation of David Cameron's failure and another nail in the coffin of his government's promise to deliver universal credit on time and on budget,» shadow work and pensions secretary Rachel Reeves said.

If he retired on that salary and the 22 years of credit for serving in the legislature, he would have made an annual pension of about $ 11,260.

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.