The introduction
of pension sharing legislation nearly 17 years ago triggered a number of initial enquiries.
Pensions in divorce cases may be treated more flexibly than under the current regime
of pension sharing, attachment orders and off - setting arrangements, in the wake of the Budget.
Not exact matches
the Company's
share repurchase plans depend on a variety
of factors, including the Company's financial position, earnings,
share price, catastrophe losses, maintaining capital levels commensurate with the Company's desired ratings from independent rating agencies, funding
of the Company's qualified
pension plan, capital requirements
of the Company's operating subsidiaries, legal requirements, regulatory constraints, other investment opportunities (including mergers and acquisitions and related financings), market conditions and other factors.
According to a 2016 study by the Broadbent Institute, only half
of Canadian couples aged 55 to 64 had an employer
pension to
share between them;
of those lacking a
pension, less than 20 % had saved enough to pad out government old - age payments.
During the summer
of 2012, the Norwegian chapter
of Amnesty International attacked Norway's national
pension fund for owning Nevsun
shares.
During the call, Peladeau said Quebecor would review
of its dividend policy after the repurchase
of the minority
share of Quebecor Media Inc. that's currently owned by the Caisse de depot
pension fund, but he didn't provide timing.
The reason: The biggest investors, like mutual funds and
pension funds that held more than half
of all outstanding
shares, showed no interest in quibbling with boards» compensation committees.
But, Jason said, for the next decade they plan to restrict themselves to just living on the cash flowing from investments and ignore any capital or market increases in the value
of properties,
pensions, and
shares.
So workers could be pushed into unsafe conditions, their wages ripped off, their
pensions dismissed, etc., all without fuss — as long as the Party bigshots received a
share of the profits.
If that situation sounds familiar, consider an increasingly popular way to maximize your retirement savings: stacking what's called a cash - balance
pension on top
of your company's profit -
sharing 401 (k) plan.
The likes
of the Ontario Teachers»
Pension Plan, Canada
Pension Plan Investment Board and British Columbia Investment Management Corp. have policies favouring the principle
of one
share, one vote.
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.
Stringer, who is leading the effort to vote down Mylan's current board, oversees New York City
pensions that together own more than 1.1 million
shares of Mylan stock.
Since CPP is not eligible for retroactive
pension income splitting on your tax return like other forms
of eligible
pension income,
pension sharing is something to consider proactively when applying for your
pension.
These risks and uncertainties include competition and other economic conditions including fragmentation
of the media landscape and competition from other media alternatives; changes in advertising demand, circulation levels and audience
shares; the Company's ability to develop and grow its online businesses; the Company's reliance on revenue from printing and distributing third - party publications; changes in newsprint prices; macroeconomic trends and conditions; the Company's ability to adapt to technological changes; the Company's ability to realize benefits or synergies from acquisitions or divestitures or to operate its businesses effectively following acquisitions or divestitures; the Company's success in implementing expense mitigation efforts; the Company's reliance on third - party vendors for various services; adverse results from litigation, governmental investigations or tax - related proceedings or audits; the Company's ability to attract and retain employees; the Company's ability to satisfy
pension and other postretirement employee benefit obligations; changes in accounting standards; the effect
of labor strikes, lockouts and labor negotiations; regulatory and judicial rulings; the Company's indebtedness and ability to comply with debt covenants applicable to its debt facilities; the Company's ability to satisfy future capital and liquidity requirements; the Company's ability to access the credit and capital markets at the times and in the amounts needed and on acceptable terms; and other events beyond the Company's control that may result in unexpected adverse operating results.
Total direct compensation does not include the value
of a CEO's
pension, as well as the employer's contribution to
share ownership plans.
The OECPs mandate directed it away from this field
of inquiry.35 The inquiries in Alberta and BC and in Nova Scotia devote less consideration to plans that involve joint cost
sharing and governance than does the OECP, and this may reflect the fact that their mandates exclude provincial employee
pension plans.
I
shared with you earlier in the month that the State
of Illinois's unfunded
pensions could be as high as $ 250 billion, putting each Illinoisan on the hook for $ 56,000.
Pension Investment Association
of Canada (PIAC) PIAC provides a forum for member investment funds to
share information and knowledge.
The recent stock market and real estate bubbles are much like pyramid schemes in the sense that what is bidding up stock and property prices is an exponential inflow
of new money from
pension plans and mutual funds (for
shares) and bank credit (for real estate).
The Firefighters»
Pension System
of the City
of Kansas City, Missouri, Trust, 414 East 12th Street, Kansas City, MO 64106, which held 100
shares of our common stock on November 7, 2008; along with the following co-filers: Miami Fire Fighters» Relief and
Pension Fund, 2980 N.W. South River Drive, Miami, FL 33125 - 1146, which held 10,785
shares of our common stock on November 8, 2008; and the City
of Philadelphia Public Employees Retirement System, Two Penn Center Plaza, 16th Floor,
The defined contribution plan category contains a broad range
of plans including profit -
sharing plans, money purchase plans, 401 (k) plans, employee stock ownership (ESOP) plans and two types
of plans especially popular with small businesses: SIMPLE plans and SEPs (simplified employee
pensions).
For example, it could
share responsibility with the provinces for the management
of the EI program, as it currently does with the Canada
Pension Plan program.
A number
of public
pension funds, like those in the state
of Connecticut, have discussed the prospect
of selling their
shares.
The New York City Employees» Retirement System; the New York City Fire Department
Pension Fund; the New York City Teachers» Retirement System; the New York City Police
Pension Fund; and the New York Board
of Education Retirement System, as joint filers (NYC Retirement System), c / o The City
of New York, Officer
of the Comptroller, 633 Third Avenue, 31st Floor, New York, New York 10017, which in the aggregate held 12,707,578
shares of common stock on November 15, 2011, the New York State Common Retirement Fund, whose address is the same as that
of the NYC Retirement System, which held 19,560,008
shares of common stock on November 22, 2011, and the Illinois State Board
of Investment on behalf
of the State Employees» Retirement System
of Illinois, c / o 180 N. LaSalle Street, Suite 2015, Chicago, Illinois 60601, which in the aggregate held 928,927
shares of common stock on November 18, 2011, the Judges» Retirement System
of Illinois and the General Assembly Retirement System
of Illinois, as co-filers, intend to submit a resolution to stockholders for approval at the annual meeting.
Some 70 %
of shares in U.S. - listed companies today are held by mutual funds,
pension funds, insurance companies, sovereign funds, and other institutional investors, which manage them on behalf
of beneficiaries such as households, pensioners, policy holders, and governments.
Bitcoin might seem like an odd retirement asset: Most investors lack real knowledge
of it, and it holds only a minuscule
share of the $ 24 trillion U.S. retirement and
pension fund asset market.
Since the largest
share of operating costs relate to employee compensation (wages, salaries,
pensions, sickness benefits, etc.), there will need to be major structural reforms in this area.
That opportunity is to attract or retain the business
of public
pension funds and union related funds (which control approximately $ 3 trillion in assets), the institutional leaders in the shareholder empowerment movement, which are shifting their portfolios away from high cost, actively managed mutual funds and hedge funds to low cost indexed funds, the kind
of funds that the top 10 largest mutual fund advisors dominate in terms
of market
share.
Legislators in New Jersey and teachers in Florida are now calling for public employee
pension funds to sell their
shares of firearms companies.
It also has been a sometime tool
of activist hedge and
pension funds for legitimate corporate governance changes, but left - leaning state and local
pension funds and union
pension funds have often used it to achieve political or social ends not
shared by other investors.
Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to, increased competition; the Company's ability to maintain, extend and expand its reputation and brand image; the Company's ability to differentiate its products from other brands; the consolidation
of retail customers; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue growth in its key product categories, increase its market
share, or add products; an impairment
of the carrying value
of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's inability to realize the anticipated benefits from the Company's cost savings initiatives; changes in relationships with significant customers and suppliers; execution
of the Company's international expansion strategy; changes in laws and regulations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; failure to successfully integrate the Company; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions in the nations in which the Company operates; the volatility
of capital markets; increased
pension, labor and people - related expenses; volatility in the market value
of all or a portion
of the derivatives that the Company uses; exchange rate fluctuations; disruptions in information technology networks and systems; the Company's inability to protect intellectual property rights; impacts
of natural events in the locations in which the Company or its customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's dividend payments on its Series A Preferred Stock; tax law changes or interpretations; pricing actions; and other factors.
Combine that with the purchasing power we achieve through
sharing our trading system with high volume hedge funds,
pension funds, institutional investors and high - net - worth brokerage clients, and we're able to offer our clients some
of the most competitive prices in the world.
In the six - month period
of fiscal 2018, the company incurred gains
of $ 14 million in Other expenses / (income)($ 10 million after tax, or $.03 per
share) associated with mark - to - market adjustments for defined benefit
pension and postretirement plans.
For the year ended July 30, 2017, the company incurred gains
of $ 178 million in Other expenses / (income)($ 116 million after tax, or $.38 per
share) associated with mark - to - market adjustments for defined benefit
pension and postretirement plans.
Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to, operating in a highly competitive industry; changes in the retail landscape or the loss
of key retail customers; the Company's ability to maintain, extend and expand its reputation and brand image; the impacts
of the Company's international operations; the Company's ability to leverage its brand value; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue growth in its key product categories, increase its market
share, or add products; an impairment
of the carrying value
of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's ability to realize the anticipated benefits from its cost savings initiatives; changes in relationships with significant customers and suppliers; the execution
of the Company's international expansion strategy; tax law changes or interpretations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions in the United States and in various other nations in which we operate; the volatility
of capital markets; increased
pension, labor and people - related expenses; volatility in the market value
of all or a portion
of the derivatives we use; exchange rate fluctuations; risks associated with information technology and systems, including service interruptions, misappropriation
of data or breaches
of security; the Company's ability to protect intellectual property rights; impacts
of natural events in the locations in which we or the Company's customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's ownership structure; the impact
of future sales
of its common stock in the public markets; the Company's ability to continue to pay a regular dividend; changes in laws and regulations; restatements
of the Company's consolidated financial statements; and other factors.
Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to, increased competition; the Company's ability to maintain, extend and expand its reputation and brand image; the Company's ability to differentiate its products from other brands; the consolidation
of retail customers; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue growth in its key product categories, increase its market
share or add products; an impairment
of the carrying value
of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's inability to realize the anticipated benefits from the Company's cost savings initiatives; changes in relationships with significant customers and suppliers; execution
of the Company's international expansion strategy; changes in laws and regulations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; failure to successfully integrate the business and operations
of the Company in the expected time frame; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions in the nations in which the Company operates; the volatility
of capital markets; increased
pension, labor and people - related expenses; volatility in the market value
of all or a portion
of the derivatives that the Company uses; exchange rate fluctuations; risks associated with information technology and systems, including service interruptions, misappropriation
of data or breaches
of security; the Company's inability to protect intellectual property rights; impacts
of natural events in the locations in which the Company or its customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; tax law changes or interpretations; and other factors.
In addition, at the end
of September, Graham's
pension plan held $ 228.6 million worth
of Berkshire Hathaway
shares.
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.
Kinnaras has been pushing the Board to «take advantage
of the robust M&A market for both newspaper and broadcast television and to sell all operating units
of MEG in order to retire existing corporate and
pension debt and achieve a
share price shareholders have rarely seen in recent years.»
Interestingly, while previous research had established that the CPS doesn't fully capture irregular withdrawals from IRAs and DC plans, the authors find that the CPS also seems to miss a substantial
share of traditional defined benefit (DB)
pension income.
Tribune agreed to pay $ 85 million (with $ 12 million
of that in TPub
shares), docking the standard multiple, largely because
of growing
pension obligations.
The
pension fund claims Diller threatened to block «value - enhancing deals» requiring new common - stock issuance that would dilute his voting stake if the board refused to approve the new class
of shares.
In addition, mergers and acquisitions within the financial services sector, relaxation
of regulations to permit a wide range
of «specialized» exchanges (including some which are set up to allow computers to trade with each other), and systems allowing big institutional investors like banks, mutual funds,
pension funds and money managers to exchange
shares directly have pretty much eliminated the differences between the exchanges.
That was a major turnaround from the fourth quarter
of 2012, when Verizon reported a severance,
pension and benefit loss
of $ 7.2 billion pretax, or $ 1.55 a
share after taxes, that weighed down its earnings.
It is perhaps best thought
of as a movement
of peoples, some
of whom define themselves doctrinally, some by polity, but who cohere often on the basis
of shared memories, practical necessity (e.g., clerical
pension plans) and — more than one might have expected — ethnicity.
Third, it is no longer clear in many cases just who the owners are, with millions
of shares of stock being held by the public, many by individuals but also many by
pension funds, insurance companies and other investment concerns.
David C. Rich, Director
of Education and Communications for the Board
of Pensions, invited me to
share some theological musings about retirement and engage in discussion about what is our calling when we don't have a call as retired pastors.
Care was taken to isolate the Arabian conquerors in garrison towns and to provide them with regular
pensions and their
share of the spoils
of war.
The value
of shares in Uniq have fallen sharply after the UK chilled prepared foods group's long - term proposals for tackling its
pension fund deficit failed to gain clearance from the Pension Reg
pension fund deficit failed to gain clearance from the
Pension Reg
Pension Regulator.