Sentences with phrase «of pension provision»

The background to the changes, Sales J said, was the «growing cost of pension provision as life expectation increases... constraints upon the public finances in current circumstances and a desire on the part of the government to reduce the costs of redundancy through restructuring of government departments».

Partial retirement would enable more elderly people to support themselves and continue contributing, and reduce the cost of pension provision during a demographic transition.

Conference asserts that public sector pensions are a significant element of the remuneration package for five million public service workers and are, therefore, a substantial part of pension provision in the UK.

Not exact matches

Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.

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 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.

After all, there are all sorts of unfair tax rules and abuses, including large corporations shifting income overseas to avoid Canadian taxes, the ability to deduct and split the fat pensions of government employees and even the ability for some to set up fake private companies to benefit from small business tax provisions.

In 2006, the Pension Protection Act made the retirement savings provisions of EGTRRA permanent and In 2010, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act extended the Bush tax cuts through 2012 (along with several new tax cuts created by the American Recovery and Reinvestment Tax Act of 2009).

The longtime House majority leader will benefit from a sweetener provision that grants massive pension spikes to career lawmakers after one year of retirement.

On Aug. 16, three U.S. public pension funds sued six major investment banks alleging collusion in the provision of stock lending services.

In recent years the clergy have found their place in the greater security of a welfare society, as shown by the provision of Pension Funds for the clergy (such as the efficient Church Pension Fund in America, organized in 1917) in lieu of earlier efforts to relieve their distressed widows and orphans.

Away from the City's boardrooms and the secure confines of Westminster, many individuals and companies are struggling to reconcile the need for adequate pension provision with the challenge of running a sound business.

Lawmakers are also considering an extension of a tax break for lower Manhattan real - estate that is favored by the Real Estate Board of New York and a provision to bolster New York City police and firefighter pensions.

Chris Keates, General Secretary of the NASUWT, said: «Only the NASUWT has continued to challenge governments across the UK on the unacceptable changes made to teachers» pension provision.

Instead, the employees will keep their pension plan, and have won significant wage increases, improvements in health and other benefits, and additional rights and protections including new anti-discrimination provisions and the installation of a «panic button» system which will protect the safety of employees from harassment and assault.

Subsequently he championed the state provision of education, pensions, industrial injury compensation and industrial arbitration.

In 2011, the Government announced planned changes to the TPS following a fundamental review of public service pension provision by the independent Public Service Pensions Commission chaired by Lord Hutton.

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.

The majority leader observed that though the 1999 Constitution (as amended), made a provision for the review of pension every five years, it was silent on the review of wages.

The plea agreement contained a provision under which Matthews would make voluntary restitution payments out of his $ 28,000 - per - year pension.

The members of the state Legislature who pass such reforms would be conveniently exempt from the pension provision, as the state Constitution prohibits reduction of pension benefits for current beneficiaries.

In effect, it was four years of not rocking the boat after his appointment by fellow legislators, his primary qualification having been being well - liked among some of the very people such a pension - stripping provision could most affect.

«Similarly, the Kano State Pension Rights of Governor and Deputy Governor Law 2007 provides for 100 percent of annual basic salaries for former governor and deputy; furnished and equipped office; a 6 - bedroom house; well - furnished 4 - bedroom for deputy, plus an office; free medical treatment along with immediate families within and outside Nigeria where necessary; two drivers; and a provision for a 30 - day vacation within and outside Nigeria.»

Police Officers and pensioners deserve to have a high degree of certainty about pension provisions.

We believe that this publicity generally gives an entirely wrong impression of both the value and costs of public sector pension provision.

Key issues ASUU demands the federal government to address includes: Non Payment of Salaries; Non Payment of Earned Academic Allowances; Non release of operational License of NUPEMCO; Non Implementation of the provisions of the 2014 Pension Reform Act with respect to Retired Professors; Removal of the University Staff School from government funding; funds for the revitalization of Public Universities amongst others.

Mr Cameron cited fiscal responsibility, welfare and pension reform, corporation tax cuts and government provisions to help with the rising cost - of - living as election pledges that were being fulfilled.

There hasn't been a lot of movement on ethics reform in Albany, as the legislative leaders remain at odds on key provisions like banning outside income and stripping pensions from convicted former public officials.

As promised, Gov. Andrew Cuomo announced today he was vetoing the last - minute pension borrowing plan for schools, a provision that slipped through the state Legislature in the final week of the extended session.

The TUC warned that attacks on public sector pensions by opposition leaders and employers» groups in recent months threatened to undermine what was left of «decent» retirement provision in Britain in favour of a «race to the bottom».

-- Lawmakers who took office after 2011 can now have their pensions stripped upon the conviction of a public corruption offense; under the agreement, those provisions would be extended to any sitting lawmaker.

«The Minister has just said that the Government proposals would provide greater security for postal workers» pensions, but can he confirm that clause 19 (6)(b) of the Postal Services Bill provides that this or a future Government could waive the pension guarantee and vary the terms of the postal workers» pensions without the approval of the trustees, who will lose their power to protect the pensions under the provisions of the Bill?

In additional to the pension provisions, the governor said he would work to advance constitutional amendments to limit outside income, impose term limits for elected officials and advance legislation that would close the so - called «LLC loophole» that allows LLCs to give large sums of money to political campaigns.

Indeed, he said he had agreed with top lawmakers to come back to Albany for a narrow deal to only extend mayoral control, which was to expire Friday, and to adopt of a New York City first - responder pension provision.

· Increase of the Retirement Age: The pension reform law includes an increase in the retirement age from 62 to 63 and includes provisions allowing early retirement with penalties.

«In Akwa Ibom, state law provides for N200m annual pay to ex-governors, deputies; pension for life at a rate equivalent to the salary of the incumbent governor / deputy governor respectively; a new official car and utility - vehicle every four years; one personal aide and provision of adequate security; a cook, chauffeurs and security guards for the governor at a sum not exceeding N5m per month and N2.5 m for the deputy governor.

He argued that what the people needed was the provision of the basic necessities of life, youth employment, functional hospitals, well equipped schools, regular payment of workers, salaries, pensions and gratuities as well as an environment conducive for investors.

«There are those who contest that the UK has historically set far too much store by home - ownership and that we should be unconcerned that the average age of the first - time buyer is approaching forty but taken together, this trend, the spread of means - tested benefits, the regime for long term care, the damage done to private pension provision by one of Gordon Brown's earliest misjudgements, compounded by the current squeeze on household finances which has seen over a million people forced to abandon contributions to their pension funds, all amount to a massive turn away from a culture of property ownership with the responsibility and independence that goes with it.»

And while there was an agreement that lawmakers who are convicted of felonies could lose their pensions, that provision only includes those who weren't in the pension system prior to passage of the law.

If passed, the measure would dramatically expand on a pension forfeiture provision of a 2011 ethics reform package that only applied to public officials not already in the state pension system at the time — that is to say, no sitting lawmakers.

The cost of living is about four times lower than in Europe, although some financial issues, like the prohibitive cost of international schools and provisions for a suitable pension, can be difficult for foreign researchers working long - term in China.

The curve becomes steeper at age 46 because of a provision that allows teachers to begin collecting a pension when their age and years of service sum to 80, which brings her pension forward to age 59 and earlier.

This includes the provision of children's allowances, disability payments and pensions to 15.6 million people — more than 30 % of the population.

HR PROVISION The success of both RTI and pension submissions are reliant on the speedy transfer of information from HR to the payroll department.

Illinois recently passed pension reform legislation with a number of complex provisions (read the full bill here).

i've done ten surveys on the impact of the recession, and looking at and modifying the provision of benefits (pension or health) is something that came on the radar in the last two or so iterations of the surveys.

Not surprisingly, all of these teacher pension systems have provisions that allow educators to continue to teach and collect their pension in certain circumstances (a practice called «double dipping»).

«Military families serve our country in so many ways, so I'm proud that our education bill to fix No Child Left Behind takes important steps to better serve military - connected kids,» said Sen. Patty Murray, D - Wash., ranking member of the Senate Health, Education, Labor and Pensions Committee, and a driving force behind the provision for the military student identifier.

These teachers face two provisions on any Social Security benefits they may have earned outside of the classroom: the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO).

A few things are clear after today's Senate Health Education Labor & Pensions Committee hearing on the Obama administration's move to eviscerate the accountability provisions of the No Child Left Behind Act.