Much of that is unavoidable, for things
like pension costs.
Not exact matches
Two changes in particular are desperately required: the launch of a low -
cost carrier that can compete with upstarts
like Air Transat and Sunwing, and relief for the
pension woes.
It reports about $ 2 million in assets and $ 63 million in liabilities
like pension and royalty
costs.
Much
like a
pension fund that buys securities with the money that flows in from paycheque deductions, retail investors can contribute equal amounts of money at regular intervals (say, monthly) in a strategy called dollar -
cost averaging.
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.
thanks, and yes, a pittance of a
pension and regular checkups keep us on budget and head off any problems — best decision i ever made (financial or otherwise) was serving our country doing search - and - rescue, oil and chemical spill remediation, etc. (you can guess the branch of service)-- along the way, frugal living, along with dollar -
cost averaging, asset allocation, and diversification allowed us to retire early — Vanguard has been very good over the years, despite the Dot Bomb, 2002, and the recession (where we actually came out better with a modest but bargain retirement home purchase)... it's not easy building additional «legs» on a retirement platform, but now that we're here, cash, real estate, investments and insurance products, along with a small
pension all help to avoid any real dependence on social security (we won't even need it at full retirement age)-- however,
like nearly everybody, we're headed for Medicare in several years, albeit with a nice supplemental and pharmacy benefits — but our main concern is staying fit, active, and healthy!
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.
Maziarz says there are some expenses that are exempt to the cap
like employee
pension and health insurance
costs.
Cuomo has long sought to consolidate and scale back the size of local governments in New York, which he has blamed for the state's high property taxes — an assertion budget watchdogs say is more tied to the
cost of programs
like Medicaid or employee
pensions.
The conversation also addressed the criticism that this process fails to address major
cost drivers,
like pensions, and whether the analysis has been too political.
Like Comptroller Thomas DiNapoli, who recently adjusted his own actuarial assumptions in a manner calculated to reduce
pension costs in the short term, the NYSTRS board is blowing a golden opportunity to go further in the right direction.
Many of the city's expenses —
like health care,
pension costs and debt service — are difficult to control, Walsh said.
Because if we want to protect those things we care about,
like generous
pensions and decent healthcare, and buy the best equipment for the brave men and women who fight in our armed forces, all of us are going to have to confront the
costs of modern government — and cap working age welfare bills.
The Educational Conference Board, a coalition of school boards, teachers unions, and school administrators, say the state's schools need and additional $ 1.5 billion next year just to keep up with rising
costs like health insurance premiums and
pensions.
Cuomo and other state officials acknowledged this predicament and omitted a few
costs,
like a portion of escalating
pension bills, from counting against the 2 percent ceiling.
The Educational Conference Board, a coalition of school boards, teachers unions and school administrators, said the state's schools need an additional $ 1.5 billion next year just to keep up with rising
costs like health insurance premiums and
pensions.
To combat ballooning
pension costs a few years ago, Cuomo offered cities
like Syracuse the ability to finance
pension costs to push part of those high
costs into the future.
Reforming the state's
pension plan for new employees will put our
costs in line with other states across the nation and preserve the invaluable services,
like education and public safety, that make New York the best place to live, do business and raise a family.»
We need repeal of union give - aways
like the Triborough Amendment which rigs union contracts and benefits, repeal of the Wicks Law which raises public construction
costs, reform of binding arbitration rules affecting police and fire contracts, and movement toward defined contribution
pension plans for public employees.»
When Arbetter explained what she was asking about — mandated spending being items
like pension and health care
costs — Serino said greater Medicaid
costs should be assumed by the state from the county level.
Like all other communities, Beacon faces reduced revenues in sales taxes and mortgage taxes, but at the same time, employee
pension costs will rise 15 percent, at $ 66,000.
Budget hawks, and county leaders, contend the
cost of property taxes isn't driven by the proliferation of governments or taxing districts, but fixed and increasing
costs like pensions, health care and Medicaid services.
Let me say this to the unions: to go on strike in economic times
like this, when you're being offered
pensions far more generous than most other people could ever afford, will hit growth, will
cost jobs.
Ulster's budget - making,
like all towns and school districts, is an annual exercise in frustration, juggling rising healthcare and
pension costs against a state - mandated tax cap which next year will restrict property - tax increases to less than 1 percent.
He said that he believes that the Town Board can do this for several reasons, despite increasing
costs like pensions and insurance rates that are out of their control: «We're getting ready to sit down and negotiate with the CSEA [Civil Service Employees» Union, which represents most Town employees].
Like other Upstate cities, Syracuse faces budget deficits as the
cost of
pensions and health care climb and tax revenues remain flat.
The Educational Conference Board, a coalition of school boards, teachers unions, and school administrators, say the state's schools need an additional $ 1.5 billion next year just to keep up with rising
costs like health insurance premiums and
pensions.
The feeling was that if we talk about doing mandate relief [defraying
costs the state dictates to the town,
like pension contributions], and people aren't feeling the reality of the recession and economic scarcity, they won't want to talk about changing the way they do business.
She attributed that to things
like higher
pension and healthcare
costs.
Silver wants to exclude from a cap some government
costs — such as
pension and health care
costs — meaning town governments and school districts would only apply the tax limit to other parts of their budgets,
like payroll or equipment, according to Brian Sampson, of Unshackle Upstate, a group that supports the tax cap.
The two have not talked to each other since October, but they have had a public exchange all spring over the governor's proposal to help cities
like Syracuse with a plan to smooth
pension costs over time.
The
cost of living is about four times lower than in Europe, although some financial issues,
like the prohibitive
cost of international schools and provisions for a suitable
pension, can be difficult for foreign researchers working long - term in China.
All in all, the service eligibility rules for early retirement,
pension bumps, and the
like — little known to the general public (and, we suspect, to many young teachers)-- can impose large
costs on teachers who move.
If you add the «roll - up» expenses (the so - called fixed
costs associated with items
like contracts and
pensions), you suddenly, have a budget «gap» of over $ 3 million.
Aldeman: Recently there have been some high - profile cases of cities declaring bankruptcy in part from rising
pension costs: Detroit, Californian cities
like Vallejo, Stockton, and San Bernardino, as well as cities in Alabama and Rhode Island.
Even when districts do try to achieve this balance, some
costs like pensions and health care can actually increase, becoming more concentrated and dependent on the funding of students who remain.
Like most states, Nevada faces challenges with rising
pension costs.
But just
like other forms of debt,
pension debt carries real
costs for schools and teachers.
In some places where states do currently pay the
pension costs,
like in Illinois, legislators are even trying to unload their
pension obligations right back onto the backs of local districts.
Nevada,
like most states, reports the portion of total
pension contributions that is normal
cost and the proportion that is amortization
cost.
«School payrolls were cut by almost $ 500 million last year, but mandated increases in
costs like pensions offset some of the savings.»
In our new report, «The
Pension Pac - Man: How
Pension Debt Eats Away at Teacher Salaries,» we show that,
like the proverbial Pac - Man, the rapidly rising
costs of teacher retirement and insurance benefits are pushing out money that could be spent on salaries (Figure 1 from the paper).
Maryland,
like most states, reports the portion of total
pension contributions that is normal
cost and the proportion that is amortization
cost.
That's due in large part to rising
pension costs that,
like the proverbial Pac - Man, are eating further and further into teacher compensation.
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.
California may at first look
like it is increasing funding for school districts, but in reality this budget serves only to blunt the impact of rising
pension costs for a year.
I have been trying to compare the two holidays quantitatively using commute
costs (easy), salary (easy),
pensions (not sure how to address), as well as things
like commute time.
Some have expressed reservations that, in transitioning from
pensions to annuity payouts, they stand to lose the security of their payments because annuities are not secured by a federal authority
like the FDIC, and will have to forgo
cost - of - living adjustments.
For this reason Windeyer suggests the SPP is best suited to someone who already has locked - in assets,
like a
pension from a former employer, and who is looking for a low -
cost, turnkey solution.
Windeyer suggests the SPP is best suited to someone who already has locked - in assets,
like a
pension from a former employer, and who is looking for a low -
cost, turnkey solution.