Treating retiree health care
like a pension obligation, and making an annual contribution, yields investment earnings to help cover future costs.
Not exact matches
The microchips inside them are identical to Estonians» digital ID cards but come without citizens» rights,
like voting or public
pensions, and there is no
obligation to pay taxes in Estonia.
Labor, conversely, can not cut the creditor line, and the courts can discharge collective bargaining contracts and employee
pensions just
like any contractual
obligation that isn't an aircraft.
Without this constitutional protection, state and local
pension funds could be raided
like a piggybank to pay for other
obligations.
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.
After all, retirement symbolizes the end of standard work
obligations, and one's growing income is often replaced by a fixed income from sources
like social security and
pensions.
The AVC is a neat option at OMERS: you can treat them
like a mutual fund or ETF and invest in the same investment portfolio they're using to try to meet their members»
pension obligations, on top of what they're investing for you for your
pension.
Less spending is hard with existing
pension obligations, so there's a strong possibility that a state
like New York or Connecticut could enter a «death spiral» where residents leave, the state raises taxes, more leave, and so on.