In April, ministers intend to impose an increase
in pensions contributions for public servants that will hit living standards even more.
Not exact matches
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.
Retirees are facing problems very similar to the average
pension fund:
In addition to not having enough cash
contributions to keep up with the costs of aging, their returns have been hurt by interest rates that have been too low
for too long.
Thus, the path dependency that political scientist Paul Pierson, 1997 has observed
in pension reforms is not just an observed fact, but a desired characteristic.21 Threats to sustainability are typically identified as expenditures rising above an acceptable level, and especially
in prefunded DB plans, volatility of
pension contributions or accounting expenses
for pensions.
In the 23rd Actuarial Report on the Canada Pension Plan (OCA, 2007), the Office of the Chief Actuary (OCA) certified that, in spite of the substantial increase in CPP benefit payments that would result from the retirement of the baby boom generation, the current legislated contribution rate of 9.9 per cent for employers and employees combined would be more than enough to pay for benefits through 207
In the 23rd Actuarial Report on the Canada
Pension Plan (OCA, 2007), the Office of the Chief Actuary (OCA) certified that,
in spite of the substantial increase in CPP benefit payments that would result from the retirement of the baby boom generation, the current legislated contribution rate of 9.9 per cent for employers and employees combined would be more than enough to pay for benefits through 207
in spite of the substantial increase
in CPP benefit payments that would result from the retirement of the baby boom generation, the current legislated contribution rate of 9.9 per cent for employers and employees combined would be more than enough to pay for benefits through 207
in CPP benefit payments that would result from the retirement of the baby boom generation, the current legislated
contribution rate of 9.9 per cent
for employers and employees combined would be more than enough to pay
for benefits through 2075.
In the beginning,
for an individual to qualify
for a full
pension, he or she had to have made
contributions for at least ten years.
Cumulative employer
contributions in excess of accrued net
pension cost
for plans based
in the company's home country.
In addition,
for all eligible participants, IBM makes automatic
contributions equal to a certain percentage of eligible compensation, which generally depends on the participant's
pension plan eligibility on December 31, 2007.
The automatic
contribution percentage generally depends on the participant's
pension plan eligibility on December 31, 2007, and
in 2015, the automatic
contribution percentage was 4 %
for Mrs. Rometty; 2 %
for Mr. Rhodin, Mrs. van Kralingen and Dr. Kelly; and 1 %
for Mr. Schroeter.
We do support, however, changes to the funding and management of the federal employees»
pension plans, including the move to more equitable
contribution rates, changes
in retirement provisions
for new employees, among others.
A report
in February last year from the
Pensions and Lifetime Savings Association suggested default funds for defined contribution (DC) pensions - which 90 per cent of DC savers subscribe to - are vulnerable to a range of environmental, social and governance risks (ESG), including substantial clima
Pensions and Lifetime Savings Association suggested default funds
for defined
contribution (DC)
pensions - which 90 per cent of DC savers subscribe to - are vulnerable to a range of environmental, social and governance risks (ESG), including substantial clima
pensions - which 90 per cent of DC savers subscribe to - are vulnerable to a range of environmental, social and governance risks (ESG), including substantial climate risk.
For single taxpayers without access to an employer - sponsored pension, and for married couples in which neither spouse participates in such a pension plan, there are no income restrictions on the deductibility of traditional IRA contributio
For single taxpayers without access to an employer - sponsored
pension, and
for married couples in which neither spouse participates in such a pension plan, there are no income restrictions on the deductibility of traditional IRA contributio
for married couples
in which neither spouse participates
in such a
pension plan, there are no income restrictions on the deductibility of traditional IRA
contributions.
Watch out
for a cut
in your income as the workplace
pension contribution increases next tax year
This is all the more important
in a defined
contribution (DC) world, where the individual - with help from employer
contributions and tax rebates - is responsible
for accumulating sufficient funds to supplement the UK state
pension.
It is visible also to those who work
in companies that provide
pensions for which employee
contributions are required.
PCS says the government's announcement this morning about public sector
pension contributions makes a mockery of the ongoing negotiations and proves that the government is determined to make people pay more and work longer
in return
for smaller
pensions.
The party plans to make up the money by restricting tax relief on
pension contributions to the basic rate, taxing capital gains at marginal income tax rates, allowing
for indexation and retirement relief, tackling stamp duty land tax avoidance and corporation tax avoidance and by subjecting benefits
in kind to national insurance
contributions as well as income tax and applying national insurance to multiple jobs.
They think the government is covering up the real reason
for the proposed increase
in pension contributions, from 6.4 % to 9.5 %.
The two campaigns have traded barbs
in recent weeks over a controversial amortization plan that Wilson characterizes as borrowing from the
pension fund and DiNapoli's camp insists is merely «smoothing» to provide predictability
for local governments and the state when it comes to
contributions.
As I explained
in the post below, city residents may also be paying state taxes to cover the
pension contributions of localities elsewhere
in the state, even as city residents pay more than anyone anywhere
for the city's own
pension contributions.
State Senate Democrats have reaped $ 85,000
in election - year campaign
contributions from the state teachers union since they skipped last month's vote to cut
pension benefits
for new teachers and other public employees.
The stable
pension contribution rate
for local governments and schools, submitted as part of the Executive Budget, will provide a new tool
for local governments to access the long - term savings from Tier VI and have greater predictability
in their fiscal planning.
Barney Keller, a spokesman
for GOP gubernatorial rival Rick Lazio, said, «The last thing we need
in Albany is another liberal Democrat like Steve Levy, who has taken over $ 400,000
in campaign
contributions from the very same special interests that are stretching New York's
pension system beyond the breaking point.»
What: Forced out of office
in 2006
for trading access to New York's $ 124 billion public employee
pension fund
for $ 1 million
in benefits — including campaign
contributions and luxury trips to Israel and Italy.
In recent years, Comptroller Tom DiNapoli has sought to reduce overall
pension contribution rates
for local governments and taxing districts, which are squeezed amid a cap on property tax increases.
Following the submission today of the NASUWT response to the Department
for Education consultation on «Proposed Increases to
Contributions for Members of the Teachers»
Pension Scheme», Chris Keates, General Secretary of the NASUWT, the largest teachers» union
in the UK, said: «The Coalition Government should tell the public the truth about why it is seeking to raid the
pensions of millions of ordinary public service workers and why it is taxing public sector workers who are acting responsibly by trying to save
for their retirement.
Following the submission today of the NASUWT response to the Department
for Education consultation on «Proposed Increases to
Contributions for Members of the Teachers»
Pension Scheme», Chris Keates, General Secretary of the NASUWT, the largest teachers» union
in the UK, said:
Mr Hammond welcomed the effort to tackle the problem of women's
pensions, but warned that under the government's plans,
in which only 30 years of NI
contributions were needed
for a full state
pension, many women would still lose out.
During the next term our members will really see the effects of a protracted pay freeze, a rise
in pension contributions, see their pay fall, look at the prospect of a pay freeze and draconian curbs on pay
for 3 further years, the scrapping of national pay rates on top of the mounting assaults on our professionalism you witness every day.
The
pension liabilities
for New York state and New York City have been kept
in check over the years by hiking
contributions, but increasing costs could place pressure on future budgets, according to report released this week by Moody's.
«This is to prevent people benefiting from tax relief
in relation to
contributions made into self - directed
pension schemes
for the purpose of funding purchases of holiday or second homes and other prohibited assets
for their or their family's personal use.»
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.
· 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.
While it's true that the Town's bond rating was lowered from A + to A -, the report also stated that, «We understand that the deficit
in 2012 was due to a steep increase
in pension contributions and an unanticipated charge from Ulster County
for Safety Net (welfare) expenditures without an offsetting property tax levy increase.»
About 45,000 of the telecom giant's workers, represented by the Communications Workers of America and the International Brotherhood of Electrical Workers, walked off the job on Aug. 7
in protest against Draconian concessions demanded by the highly profitable company, including eliminating
pensions for new hires; slashing paid sick time and holidays; and increasing employees»
contributions to their health care costs.
The authority and the workers are fighting over differences
in base pay, health care costs and
contributions to
pensions for future workers.
Astorino advocates
for a change
in the
pension system
for new hires to use a hybrid system - the best of a defined benefit with the creation of a defined
contribution.
Among his recommendations, Astorino favors switching elected officials from the defined - benefit
pension plan to a defined -
contribution plan; replacing the per diem system
for lawmaker expenses to one requiring stricter bookkeeping; and scrapping the state Joint Commission on Public Ethics
in favor of a new independent ethics watchdog appointed by the judiciary.
The Comptroller shall review all revenue estimates and expenditure estimates
for Medicaid, public assistance and
pension contributions and health care insurance costs
for County employees to be used
in the proposed tentative budget prepared by the County Executive and submit to the Legislature
in writing by the 15th of October a report indicating whether or not such estimates are suitable estimates
for the upcoming fiscal year.
To set an example and end the connection between longevity
in office and
pension benefits, a first step could be adopting defined -
contribution plans (
in line with private - sector
pensions)
for future elected and appointed officials.
«Mr. Willetts: To ask the Secretary of State
for Work and
Pensions how many EU citizens working
in the UK paid sufficient national insurance
contributions to earn a potential entitlement to the state
pension in each year since 1997.
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.»
Hevesi admitted to using his control over the state's
pension fund, now at $ 130 billion, to steer $ 250 million
in investments to a private equity fund that paid him handsomely: $ 75,000
in trips to Israel and Italy
for him, his adult children, and people from his staff; $ 500,000
in campaign
contributions, and $ 380,000
in make - believe consulting fees to a lobbyist allied with Hank Morris, Hevesi's political guru.
On or before the 1st day of October the County Executive shall submit to the Comptroller all revenue estimates and expenditure estimates
for Medicaid, public assistance, and
pension contributions and health care insurance costs
for County employees to be used
in the proposed budget.
DiNapoli did not initially respond when the Times first reported over the weekend of a tenative agreement between legislative leaders and the governor that would essentially float a loan to the state and municipalities to reduce their
pension contributions in exchange
for higher payments
in the future.
Cuomo wants to close a loophole
in election law that allows
for unlimited
contributions through LLCs, as well as a bill to block those convicted of corruption from receiving
pension benefits through a constitutional amendment's first passage.
He pleaded guilty
in October to accepting campaign
contributions and free travel
in exchange
for investing state
pension money with a certain firm.
While making some limited concessions, this offer confirms
contributions would rise from April, the retirement age would be linked to the rising state
pension age meaning people would have to work up to eight years longer, and the imposed switch
in indexation
for pensions would remain - amounting to a cut
in the value of
pensions of around 15 % to 20 %.
The
pension costs
for the state's nearly 700 school districts will decline by 11.6 percent next year, the second year
in a row
contribution rates have fallen.
Public employees unions have opted
for the
pension contributions in lieu of some higher wages.