Sentences with phrase «of federal pension»

If the Government Pension Offset applies, the spousal Social Security benefit will be reduced by two - thirds of any Federal pension based on employment not covered by Social Security.

The Employee Benefits Security Administration of the DOL shares administration and enforcement of the federal pension law — the Employee Retirement Income Security Act — with PBGC and the Internal Revenue Service of the U.S. Department of the Treasury.

EBSA shares administration and enforcement of the federal pension law — the Employee Retirement Income Security Act — with PBGC and the Internal Revenue Service of the U.S. Department of the Treasury.

Wilson, who was raised in upstate Johnstown, once served on President Obama's automobile - industry restructuring task force and was recently made a member of the advisory committee of the federal Pension Benefit Guaranty Corp., an independent agency that insures private pension plans.

Not exact matches

After a multi-year round of negotiations between the federal and provincial governments, a deal was reached to increase contributions still further, limit benefits, and accumulate a surplus to be invested in what is now the $ 280 billion Canada Pension Plan Investment Board.

The Canada Pension Plan Act says that once a sufficient number of provincial governments have indicated support, the federal government can move forward and lock in the reform with an Order in Council — no new Parliamentary debate or legislation is required.

Federal Finance Minister Jim Flaherty first commissioned his own study, authored by University of Calgary tax - policy expert Jack Mintz, then in March initiated a public consultation process, by which time talk of a government - run supplemental pension plan, whether regional or national, began to fade.

The Ontario Retirement Pension Plan is Premier Kathleen Wynne's response to the federal government's refusal in December to expand the CPP at the request of several provinces.

The federal government will begin cutting the age pension in three years, reduce disability and other welfare payments immediately, and slash back family tax payments, while holding out the prospect of income tax cuts within five years, Tony Abbott has pledged.

After warning the City of Stockton that its pension obligations did not enjoy a privileged position in federal bankruptcy court, U.S. Bankruptcy Judge Christopher Klein proceeded to confirm the city's plan of adjustment.

A simple warning to all companies that provide employees with some type of pension plan or health, welfare, or fringe benefits: don't mess up federal reporting requirements or you'll face hefty late - filing penalties.

Bonds issued to finance things like stadiums, replenishment of a municipality's underfunded pension plan, or investor - led housing are a few examples of issues that would not qualify for federal tax exemption.

In addition to the Canada Pension Plan Account, there was a Canada Pension Plan Investment Fund that would take the surplus that accumulated over and above administration costs and the amount of money required to pay immediate benefits (i.e. three months» worth) and invest it in provincial and federal securities.

It is assumed that part of this increase is offset by the changes to the federal and members of Parliament pension plans, although one would have expected these savings to be included under «Policy Decisions».

Total government net debt includes the debt of the federal, provincial - territorial and municipal governments, along with that of the Canada and Quebec Pension Plans.

The other provinces would have access to Canada Pension Plan surpluses, in proportion to the contributions made by their residents, through the sale of provincial bonds and provincially guaranteed securities on 20 year terms at the long - term federal bond rate.

He's gotten agreement from two big creditors, the federal pension regulator Pension Benefit Guaranty Corporation (owed $ 15 million), and Silverpoint (owed $ 22 million), the company's main lender on the structure of this pre-packaged, bankruptcy pension regulator Pension Benefit Guaranty Corporation (owed $ 15 million), and Silverpoint (owed $ 22 million), the company's main lender on the structure of this pre-packaged, bankruptcy Pension Benefit Guaranty Corporation (owed $ 15 million), and Silverpoint (owed $ 22 million), the company's main lender on the structure of this pre-packaged, bankruptcy filing.

Direct program expenses were up $ 1.0 billion (5.5 %), primarily due to the timing of payments as well as an increase in federal government employee pension and other future benefit liabilities, reflecting the impact of lower interest rates.

In 1994, among the G - 7 countries, total general government debt in Canada (including federal, provincial - territorial and municipal governments and the activities of the Canada and Quebec Pension Plans) was the second highest (Table 2).

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.

In 1997 the federal government raised CPP contribution rates to meet the challenge of paying a pension when there are fewer Canadians paying into the fund.

Should the federal government continue to abdicate leadership in key policy issues of health care, pension reform, Aboriginal issues, education and research, and modernizing Canada's infrastructure?

Past achievements include building the case for deficit reduction in the 1980s and early 1990s, for consolidation of the Canada and Quebec Pension Plans in the late 1990s, a series of shadow federal budgets and fiscal accountability reports in that began in the 2000s, and work on marginal effective tax rates on personal incomes and business investment, which has laid the foundation for such key changes as sales tax reform, elimination of capital taxes, and corporate income tax rate reductions.

Total government sector net debt consists not only of the net debt of the federal government but also that of the provinces, territories, local governments and the Canada and Quebec Pension Plans.

It is a bit stunning to discover that Jack Mintz — former head of the CD Howe Institute and now at the University of Calgary — has been appointed research director of the federal — provincial review of pensions.

However, at the end of 2009 - 10, the Government booked the full liability ($ 5.9 billion) for the one - time HST harmonization costs for Ontario and British Columbia and an increase in accrual liabilities for federal employee pensions of about $ 3 billion.

In the 2006 Budget, the government promised to reduce the deficit by $ 3 billion per year; to reduce the federal debt - to - GDP ratio to 25 per cent by 2012 - 13; to eliminate the total government sector debt (which includes the federal, provincial and local governments as well as the Canada and Quebec pension plans) by 2021; and finally, to keep the growth in program expenses below the rate of growth in nominal GDP.

Federal Government MPs who support a constitutional monarchy question an address by the Prime Minister to the Australian Republican Movement, criticising the timing of the speech amid debate about power prices, pensions, and the economy.

Here are some of the options on the table as the Federal Reserve Bank and Civic Federation assemble top experts to devise ways to deal with a pension crisis that is eating Illinois alive.

Expansion of the Canada Pension Plan and the Unintended Effect on Domestic Investment finds that by increasing the Canada Pension Plan payroll tax, the federal and provincial governments will inadvertently shrink the pool of money available for investments in Canada — potentially up to $ 114 billion by 2030.

75, the federal government also introduced virtually all of the major policy innovations that make up Canada's system of social programs: Canada - wide Medicare, universal pensions, the modern unemployment insurance system, and cost - sharing with the provinces for higher education and welfare.

Other direct program spending, consisting of operating expenses for Crown corporation, defence and all other departments and agencies, increased $ 2.3 billion (4.2 %), primarily reflecting increases in federal government employee pension and other future benefit liabilities, reflecting the impact of lower interest rates.

These changes are not significantly affected by economic developments, with the exception of changes in the interest rate forecast on federal employees» future benefits, such as pensions, death benefits, etc..

It shows that assertions questioning the capacity of the FEDERAL government to pay for programs, usually prefaced with the call for â $ ˜â $ ˜adult conversationsâ $ ™ â $ ™, and couched in terms such as fiscal sustainability, solvency, and unfunded liabilities, are red - herrings that will lead to needless reductions and privatizations of public programs in health care, elder care, pensions and so on.»

When federal candidates knock on your door in the next few weeks, we should all try raising the topic of public pensions to see what commitments they will make.

DEBT Pension Deficits: While Private plans have an estimated deficit of just $ 465 billion, Public plans of local, state and the federal government in the US are estimated to have something like $ 1.6 trillion!

The Mining Association of Canada has also prepared a prebudget submission for the federal government that asks for interest charges on tax payments due this year to be waived and more time for miners to make pension plan payments.

The Mining Association of Canada has also prepared a prebudget submission for the federal government that asks for interest charges on tax payments due next year to be waived and more time for miners to make pension plan payments.

Specific policies include opting out of the Canada Employment Insurance Program and replacing it with an Alberta Employment Insurance Program; withdrawing from the Canada Pension Plan and creating an Alberta Pension Plan; assuming provincial control over national parks in Alberta; and asserting provincial (as opposed to federal) control over immigration.

The federal government is not responsible for the liabilities of the Canada Pension Plan or that of the provinces, nor should it be.

These included the introduction of the Canada Child Benefit and the restoration of the age of eligibility for federal pensions to 65 from 67, coupled with increased infrastructure spending in the March 2016 Budget.

Mr. Macdonald singled out five federal tax measures as being the most inequitable to lower income people based on 2011 data — the dividend tax credit, partial inclusion of capital gains, the foreign tax credit, employee stock options and pension income splitting.

Why does Canada have a youth unemployment rate of over 15 per cent; a federal debt $ 150 billion higher than when the they took office in 2006; a federation weakened by federal - provincial squabbling over health, training and pensions; greater uncertainty about retirement; widening income inequality?

You can add another $ 800 billion a year if you budget for future commitments, such as the future cost of pensions for our current standing military, so while the Defense appropriation is $ 640 billion, the actual cost to tax payers has been estimated at $ 1.7 trillion dollars each year — about 40 % of the annual Federal budget.

But to the extent that it ignores the finger Lincoln points at the Civil War — to the extent that it forgets the decimation of a generation of young Americans at the beginnings of manhood; to the extent that it forgets the windrows of corpses at Shiloh, the odor of death in the Wilderness, the walking skeletons of Andersonville, 623,000 dead all told, not to mention the interminable list of those crippled, orphaned, and widowed whose pensions became the single largest bill paid by the federal government for the following half - century; to the extent that it ignores how the war cost the United States $ 6.6 billion, rocketed the national debt from $ 65 million to $ 2.7 billion, retarded commodity growth for the next thirty years, and devalued its currency — then the call for reparations opens itself up to a charge of willful forgetfulness so massive that resentment, anger, and bitterness, rather than justice, will (I fear) be its real legacy.

Former Suffolk Conservative chairman Edward Walsh, recently convicted on federal corruption charges, has failed to qualify for an immediate state pension in a ruling that could cost the former corrections lieutenant thousands of dollars in lost benefits.

Thousands of upstate retired Teamsters have dodged a potential pension cut — at least for now — thanks to a recent decision by the federal government.

Not only that, but the company was accused by the federal Pension Benefit Guaranty Corporation (PBGC) just a few months ago of intentionally pushing a company into bankruptcy in order to avoid paying workers» pensions.

What Mr. Silver didn't say: He is trying to keep his taxpayer - financed pension, trying to stay out of prison and trying to forfeit as little cash as possible from the schemes that the federal government says netted him more than $ 5 million over the decades.

A recent decision by the federal Department of Justice to scale back and eventually end the use of private prisons indirectly impacted New York City's pension funds, reducing holding values by millions of dollars and leading to renewed calls from activists for the city to divest from the for - profit corporations that operate these prisons.