Sentences with phrase «of pension benefits»

If the general rule applies, that doesn't mean that the dismissed employee must receive the value of pension benefits for the entire period of common law notice.

His workers have fought and lost against cuts in the state workforce and a reduction of pension benefits for newly hired workers.

It is no surprise that one of the key issues regarding emergence from bankruptcy in the steel industry involves reduction of pension benefits.

Last year, the state created a different tier of pension benefits for new public employees, savings for taxpayers that will be realized decades from now.

We work closely with employment lawyers on contract interpretation and also on executive termination issues where compensation for loss of pension benefits may be a significant factor.

The amendment is aimed at stripping public officials convicted of corruption of their pension benefits.

The promise of a pension benefit pays off for only the 15 to 20 percent of teachers who remain as educators in one state for their entire career.

Will either spouse be entitled to any of the marital portion of a pension benefit, retirement fund, profit sharing plan, or 401k?

The plan was praised by educators as the first step toward creation of a national system allowing transfers of pension benefits.

We now extend this line of research by focusing on the distribution of pension benefits among teachers of varying career lengths and the penalties for those who switch systems.

This large jump (44 percent) in the value of her pension benefit occurs because she would collect 25 years worth of pension payments, up from 18.

Both you and your partner should have a good understanding of your pension benefits.

I then take the ratio of the value of the pension benefit to lifetime earnings, which is the gross pension benefit rate.

This means she must have adequate resources to cover it, which usually are a portion of the pension benefit.

IBM filed an appeal, claiming that the judge should have deducted the amount of pension benefits paid during the notice period from the damages award, which the Court of Appeal dismissed.

The chances of any measure for IE reform passing in the final days appears to be slim, however, as lawmakers are yet to come to an agreement on matters generally considered to be lower - hanging fruit, such as the first passage of a constitutional amendment to require the forfeiting of pension benefits from public officials convicted of corruption.

A PA represents the value of any pension benefits accruing from participation in a registered pension plan or deferred profit sharing plan)

In situations outside a formal bankruptcy proceeding, this could result in different treatment of pension benefits in different provinces depending on the wording of the provincial legislation, so long as it is not inconsistent with the interim financing provisions in the CCAA.

A dismissed employee could sign a release and accept a severance arrangement that doesn't include the accrual of pension benefits through the period of common law notice (as long as all statutory obligations are met).

In recent weeks, Cuomo has pointed two potential reforms: Closing the «loophole» in election law that allows unlimited campaign donations through limited liability companies and passing a constitutional amendment for the forfeiture of pension benefits for those convicted of corruption.

Comptroller Tom DiNapoli is proposing legislation that would strip public officials of their pension benefits if they are convicted of a felony.

(c) if the pension plan so permits, for the purchase for the former member of a life annuity that will not commence before the earliest date on which the former member would have been entitled to receive payment of pension benefits under the pension plan.

An employer in a former employee's challenge of his pension benefit calculation; case resolved favorably to the employer

Casino workers wanted was a restoration of pension benefits and health insurance that were promised to them during bankruptcy proceedings before Icahn took over.

Nearly four in five (78 per cent) of workers and retirees with pension plans said the availability of pension benefits is a critical factor in deciding whether or not to accept a job, found a survey of 2,750 people in the United States and Canada.

In an accompanying press release, the CFIB links any CPP / QPP improvements to «reform» of public sector pensions — meaning a good old - fashioned slashing of pension benefits for municipal, provincial and federal public workers.

The Corporate Affairs Manager of SSNIT, Eva Amegashie has explained that the 18 % increment of pension benefits was arrived at by using the average salary of 2016 plus other economic indicators.

State Comptroller Thomas DiNapoli, who in 2007 ascended to his post as a most political appointee of the Legislature in the wake of the bad acts of Alan Hevesi, has proposed that public officials who commit felonies on the job should be stripped of their pension benefits.

Hevesi is just one of many state officials who has spent time in prison, but the State Constitution guarantees the continued flow of pension benefits.

The mayor also believes he can get a better pension deal by restoring direct collective bargaining of pension benefits between the city and its labor unions, which state law has prohibited for nearly 40 years.

Our approach to valuing pensions, which considers both the generosity and the risk of pension benefits, is entirely consistent with economic theory, the way in which liabilities of all types are valued in the private sector, public - sector accounting standards in Canada and Western Europe, academic writings, and the judgments of officials at nonpartisan government agencies such as the Congressional Budget Office, the Federal Reserve, and the Bureau of Economic Analysis.

The unions are perceived to be standing in the way of badly needed reforms, protecting incompetent teachers, and putting up barricades to prevent the erosion of pension benefits the public can no longer afford.

Compounding the rising generosity of pension benefit formulas is the decline of interest rates on low - risk investments, which raises the cost of providing teachers with a fixed, guaranteed pension benefit.

The new EPI study on teachers never acknowledges the ECEC's undervaluation of pension benefits and does not cite any of the above papers.

For each respondent, I calculate the present discounted value of their pension benefit at a given age of separation from teaching based on the pension plan description in Costrell and Podgursky (particularly Table 2, which shows the replacement factor for each combination of years of service and age).

My analysis is a simulation of pension benefits based on the parameters of Ohio's defined - benefit pension plan for teachers (as described by Costrell and Podgursky) applied to workforce participation histories in the National Longitudinal Survey of Youth (NLSY).

Teachers typically earn relatively little in the way of pension benefits until they reach their early fifties, when much larger benefits start to accrue.

Every year that an employee chooses to work after reaching the normal retirement age is a forgone year of pension benefits.

Indirectly, they sometimes tap the taxpayer, because of the Pension Benefit Guaranty Corporation, which guarantees defined benefit pensions up to a limit.

PBGC uses the plan termination date when calculating the present value of pension benefits owed to participants in a PBGC - trusteed single - employer plan.

Social Security Leveling Option - An optional type of pension benefit in some plans that provides higher monthly payments to retirees before a specified age (for example, before age 62 or 65) and lower payments thereafter.

Finally, the Court examined the policy considerations raised in Sylvester, finding that in Mr. Waterman's case, non-deduction of pension benefits promoted equal treatment of employees.

The question before the Court is whether his receipt of those pension benefits reduces the damages otherwise payable by IBM for wrongful dismissal.

Coming in just under the wire, the Supreme Court of Canada's mid-December 2013 decision concerning the deductibility of pension benefits from wrongful dismissal damages will have far - reaching effects to be sure.