Sentences with phrase «of early retirement incentive»

negotiating fundamental changes to pension, benefits and executive compensation plan designs and designing and implementation of early retirement incentive plans

The aging of the nation's teacher workforce underscores the importance of studying the impact of early retirement incentive programs on student learning.

1999)(equitable distribution of early retirement incentives).

Not exact matches

One reason the proportion of working seniors fell between the 1970s and 1990s, said Nyce, is that earlier generations enjoyed defined benefit plans loaded with early retirement incentives.

Incentives for early and late retirement will be modified to decrease the attractiveness of early retirement and increase the attractiveness of late retirement; phased retirement will be facilitated by allowing people to collect benefits while contributing and earning new claims on CPP retirement benefits; and the number of years of low earnings that can be deducted from the calculation of a CPP retirement benefit will be increased.

A lot of it has to do with those extraordinary retirement incentives I mentioned earlier....

The company is using layoffs and early retirement incentives to reach its goal by the end of next year.

Jacobs said she is taking advantage of the Illinois Municipal Retirement Fund's Early Retirement Incentive program, through which she will receive credit for an additional five years of service and five years toward the retirement age of 62.

But after the district's 2004 budget was adopted, the state legislature passed an early retirement incentive law that gave the district a reprieve of $ 5 million a year for the 2004 and 2005 fiscal years.

Fruscher ominously notes that a «much more significant downsizing of our entire workforce lies ahead,» but the OTB is awaiting legislative approval for an early - retirement incentive program and a joint effort with the union that represents most of the operation's workforce in accordance with a MOU.

Gov. David Paterson today sent the Legislature a program bill to provide another temporary early retirement incentive for public employees in hopes of reducing the workforce to trim the budget deficit.

Paterson is also proposing an early retirement incentive program in hopes of luring older and higher - paid public employees out of the system.

Meanwhile, the number of people taking early retirement became a bit clearer on Wednesday with the state comptrollers office saying 5,906 former employees have taken the incentive.

The Star - Gazette is losing more than 100 years of collective experience as six Elmira staff members are accepting the optional early - retirement incentive from parent Gannett.

-- The Judiciary opted into the early retirement incentive for public employees for a projected savings of $ 10 million in SFY 2010 - 11.

The cost of health care services and health insurance plans have increased after the introduction of the Affordable Care Act, and Ulster County government has responded by downsizing its staff through early retirement incentives and attrition.

Mr. Cuomo will also seek a cut in state operations of roughly 10 percent, a move that would require reductions of as many as 15,000 jobs, through layoffs, attrition or early retirement incentives, unless other savings can be found.

Given all that Governor Malloy has done to clean up the financial wreck he inherited from Rep. Cafero, Sen. McKinney, Governor Rowland, and Governor Rell — a $ 3.5 billion deficit, early retirement incentives, borrowing for operations, underfunding pension payments, etc. — the criticism is kind of ironic.

Their findings indicate that although early retirement incentives lead to the replacement of experienced educators with novice teachers, they do not result in reduced test scores.

At a time when millions of babyboomer teachers are nearing retirement, their decisions on when to leave the classroom are guided more by the early - retirement incentives built into state pension plans than by educational considerations, according to new research by a pair of economists.

When we combine these concerns with the lack of any financial incentive to perform extra duties, we find that many are unmotivated to continue in their role and we have seen less teachers applying for roles with many educators opting to take early retirement or leave the profession altogether.

After the early retirement incentive program, Illinois had a dramatic influx of new teachers and a rapid decline in average teacher experience.

Reemployment provisions such as these are not found in the private sector, where early retirement incentives are usually part of a downsizing effort.

The retirement age for Social Security is being raised, but there is little discussion of the incentives to retire early from teaching.

Ohio's, the first of the state charts and the one below, has two such spikes, one for an early retirement incentive and again at the «normal retirement age.»

Although that pension system ended in 1984, a number of state employees, many of whom took one of the recent early retirement incentives, benefited or will benefit from that old pension system.

Over a two - year period, Illinois lost 10 percent of its teachers, most of whom were experienced teachers, as the early retirement incentive led to a threefold increase in the retirement of experienced teachers in the 1994 and 1995 school years.

Mayoral spokeswoman Melissa Withers said 52 of 160 eligible teachers had agreed to take the $ 5,000 early retirement incentive.

If the vast majority of workers remained in one pension plan for the life of their career, the back - loaded nature of defined benefits would create some perverse incentives around the normal retirement age (where pension wealth comes to a steep spike), but it wouldn't matter that the employee was accumulating very little early in their career.

Many school administrators have been asking about using some of the so - called school jobs money» as incentive for early retirement and the official word is that it's an approved expense.

With little side wagers, not only do you have the excitement of early retirement, but you also develop an added incentive and competition among your friends.

State incentives could «discourage premature retirement» and «encourage deployment of nuclear unit designs that reflect advances over earlier designs,» wrote the EPA in its proposed carbon dioxide rule, issued by the Obama administration on Monday.