Sentences with phrase «of pension plan members»

The Court upheld the lower courts in finding that reducing a supplementary death benefit to a surviving spouse according to the age of the pension plan member at death... [more]

The Court declined to determine whether the owner of a survivorship interest could effectively waive that interest to create a trust in favour of the pension plan member's beneficiaries.

Administrators will have to rely on experts to determine whether an individual is a spouse of a pension plan member, if the two individuals have been living together for less than three years, but may qualify as «spouses» because there is a child.

Not exact matches

Harford was also a member of Citi's Pension Plan Investment Committee and a director on the board of Citibank Canada.

For instance, he has collaborated closely with Mark Wiseman, the former Canada Pension Plan Investment Board head, now a top executive at the global investment giant BlackRock — and a member of Barton's council.

Restrictions on Individual Pension Plans (IPPs) The June 6 budget reiterates a proposal to require a member of an IPP, once they turn 72, to make minimum annual withdraws similar to what's required for Registered Retirement Income Funds (RRIFs).

(DBS, 1967) As of 2008, data from Statistics Canada's Pension Plans in Canada (PPIC) data base suggest there were no less than 19,185 EPPs in Canada with 5,908,633 active members.

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».

In a story buried in the business section of the February 18th NY Times, it was reported that the spending budget passed by Congress included a provision that creates a 16 - member bipartisan congressional committee to craft legislation that would provide for the potential bailout of as many as 200 multi-employer» pension plans.

We are an independent organization that pays defined benefit pensions and invests plan assets on behalf of 323,000 active and retired members.

Prior to the payment of a survivor benefit, survivors of Combined Plan members must agree to transfer both the deceased member's employer contributions and individual defined contribution account to the Traditional pension Plan for payment of benefits.

And approximately 90 % of members reported having retirement savings plans in addition to the ESOP including the use of 401 (k) plans, pension plans, stock purchase plans, and stock options.

Members are required to contribute 0.75 percent more of their salary in years when the actual investment returns on the pension plan are 1 percent or more below the assumed rate of return.

If that happens, the subsidy Tier 2 members provide to older workers and retirees would end, and the unfunded liabilities of Illinois» pension plans would jump by billions.

Set up in October 2003 the group has secured some notable parliamentary successes, including stopping the privatisation of the Forensic Science Service, helping solve a long running pay dispute in the Department for Work and Pensions and more recently opposing the government's plans to reduce the redundancy rights of our members.

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 pensionPension Benefit Guaranty Corp., an independent agency that insures private pensionpension plans.

Tedisco said the Majority's plan does not contain provisions for pension forfeiture for convicted felon elected officials who betray their oath of office, term limits for leaders, truth in spending to bring sunlight to state spending in the shadows to end quid pro-quos, or giving rank and file members the ability to bring legislation to the Floor for a vote and diminish the unbridled power that's been given to legislative leaders.

(CNN)- Sen. Patty Murray, co-crafter of the bipartisan budget agreement and member of the veterans affair committee, said Wednesday cuts to pension benefits for some military veterans under the spending plan was a part of a compromise to avoid billions in cuts to the defense industry.

Legislative leaders spoke to a large gathering of AFSCME union members at the Capitol Tuesday who are opposed to Governor Cuomo's pension reform plans.

On government plans for a flat - rate state pension, simplicity was good in principle, but NEC members pointed out that government plans would cost public sector workers and employers more in national insurance, with the end of the lower opted - out rate.

However, the VDC plan also has several significant advantages: members vest in a year, compared to 10 years years for any current DB pension plan; they can control their own investment profile with the advice of experts; and the DC plan is portable, meaning it follows employees when they change jobs in the public or private sectors, in or out of New York.

Thousands of union members will take part in a series of protests today against controversial plans to reform public sector pension reforms.

At the same time, he's consolidated the support of influential groups and members within the business community, which has generally backed his proposals, including the tax code overhaul and the Tier Six pension plan from March.

Members of the Hotel Trades Council started picketing outside the Lodge Street hotel on Thursday to protest contract demands being made by United Capital Corp. of Great Neck, L.I., that call for elimination of the pension plan and other concessions.

The plan, which preserves the age 55 retirement benefit for UFT members, raises the years of service needed before pensions are vested from five to 10 years.

A slew of council members who originally supported the bill backed by the unions and introduced by Councilwoman Elizabeth Crowley today changed their votes to back the mayor's plan — they said because of a change that will provide the most seriously wounded workers, who qualify for Social Security disability, with a pension equal to 75 percent of their salary.

THAT NYSUT establish a task force which shall include member - participants in each of the public retirement systems, including the retirement plan trustees, if applicable, to discuss possible methods, including legislation, to harness and use public pension plan resources to improve poor labor practices and to provide workers the right to organize and bargain collectively in enterprises controlled by private equity funds, as well as other corporate interests; and

Their website is worth exploring and their «member profiles» illustrate how current state pension plans disadvantage different types of teachers.

We also reviewed individual state pension - plan information, in the form of either a list of schools that participated or annual financial audits that list the members of the plan.

There are better and worse choices on this list, and states could choose to pursue more than one of them at a time, but regardless of which path a state chooses, none of them are permanent solutions unless they're also paired with broader structural changes that close existing defined benefit pension plans to new members.

Retirement planning can be daunting, and in order to alleviate the uncertainty and stress and make the best personal decisions at the right time, NJPSA members can count on the expertise of the Retirement and Benefits Department to provide a clear understanding of the complex elements of the New Jersey public pension system.

1912: NEA endorses Women's Suffrage 1919: NEA members in New Jersey lead the way to the nation's first state pension; by 1945, every state had a pension plan in effect 1941: NEA successfully lobbied Congress for special funding for public schools near military bases 1945: NEA lobbied for the G.I. Bill of Rights to help returning soldiers continue their education 1958: NEA helps gain passage of the National Defense Education Act 1964: NEA lobbies to pass the Civil Rights Act 1968: NEA leads an effort to establish the Bilingual Education Act 1974: NEA backs a case heard before the U.S. Supreme Court that proposes to make unlawful the firing of pregnant teachers or forced maternity leave 1984: NEA fights for and wins passage of a federal retirement equity law that provides the means to end sex discrimination against women in retirement funds 2000s: NEA has lobbied for changes to the No Child Left Behind Act 2009: NEA delegates to the Representative Assembly pass a resolution that opposes the discriminatory treatment of same - sex couple

At the end of last week, police pepper sprayed members of the Puerto Rican teachers union (FMPR) as they protested against the Fiscal Oversight Board's plan to close nearly another 300 schools, lay off thousands of teachers, cut their pensions, and impose charter schools.

«When Secretary [Betsy] DeVos's own Department's independent research office tells her that siphoning taxpayer dollars into private schools has a negative impact on students, it's time for her to finally abandon her reckless plans to privatize public schools across the country,» Democratic Senator Patty Murray, the ranking member of the Health, Education, Labor, and Pensions (HELP) committee, said in a statement.

In Pennsylvania, Philadelphia Federation of Teachers president Jerry Jordan has long railed against using 401 (k) retirement plans for his union's members as a way to curb skyrocketing pension costs.

«Caledon was founded in 2006 by David Rogers, the former head of the private equity group of the Ontario Municipal Employees Retirement System («OMERS») pension plan and a member of the Board of Directors of the parent company for OMERS» direct infrastructure investment arm — Borealis Infrastructure.»

We work collaboratively with pension plans to think about the big questions: how to deliver reliable, consistent income options; how to close a personal funding gap or protect against excessive investment risk; how to generate greater certainty for members around the type of retirement they can expect.

When you roll over all or part of your member's super to a super plan with another fund from which an income stream will be paid (for example, when they move from an accumulation phase in your fund to a pension phase in another).

If you are a member of a pension plan, do you also need to save in RRSPs?

If I transfer RRSP funds into a RRIF before age 71, may I take advantage of the credit if I am a member of a DB pension plan although I am not drawing a pension as yet?

Immediately after our interview, Paul got a job with the B.C. government, and has been a member of its defined benefit pension plan for 10 years.

Ontario is the only province to insure the pensions of bankrupt companies through its Pension Benefits Guarantee Fund (PBGF), which backstops the first $ 1,000 per month in pension benefits per plan member if a company goPension Benefits Guarantee Fund (PBGF), which backstops the first $ 1,000 per month in pension benefits per plan member if a company gopension benefits per plan member if a company goes bust

Record keepers on average roll over about 30 % of defined contribution pension assets at the retirement of the members of those plans.

Pension plan members also face the risk of having their employer close the plan while they are still working.

Reduce exposure to stocks as you get older Pension funds typically reduce exposure to stocks to make the fund less volatile as the average age of plan members increases, says Sinclare.

As a 59 - year - old training administrator for a mining company, Heather is a member of her company's defined contribution pension plan.

OMERS has a great management team, the portfolio is diversified, and has competitive past performance relative to a passive index fund portfolio... but you're already depending on them to come through for your DB pension, which is likely a big part of any member's retirement plans.

Members of a Defined Benefit Pension Plan (DBPP) that is indexed to inflation are hugely lucky.

A LIF provides the pension plan member with the flexibility to defer the purchase of a life annuity until the end of the year in which he or she turns 80.

However, for service contributions made after March 22, 2011, the cost of the past service must first be satisfied by transfers from RRSP assets (as well as money purchase registered pension plan assets) belonging to the IPP member or a reduction in the member's unused RRSP contribution room before new past service contributions are permitted.