Sentences with phrase «of rising pension costs»

California may at first look like it is increasing funding for school districts, but in reality this budget serves only to blunt the impact of rising pension costs for a year.

Because of rising pension costs, Louisiana's school districts have already made noticeable cuts to their expenditures on instructional programs, textbooks and other school supplies, and special education services.

Both Gov. Andrew M. Cuomo and his predecessor, David A. Paterson, dealt with the problem of rising pension costs by pushing systematic changes through the legislature, including hikes in the amounts of money that teachers and other pension plan participants must contribute from their paychecks.

The piece — a wonky exploration of rising pension costs and other big - city fiscal problems — concluded that Mr. Cuomo «has left cities strapped.»

Bloomberg said the city's financial condition is made worse because of rising pension costs.

Never mind that police and fire pensions are the biggest driver of rising pension costs for NYC.

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.

Rising housing prices raise the cost of living, while rising stock and bond prices increase the cost of buying a retirement income — leaving pension funds unable to make good on their proRising housing prices raise the cost of living, while rising stock and bond prices increase the cost of buying a retirement income — leaving pension funds unable to make good on their prorising stock and bond prices increase the cost of buying a retirement income — leaving pension funds unable to make good on their promises.

Cities and villages across the state are raising taxes or implementing new ones for a variety of functions, from attracting a fast - food restaurant to catching up on rising pension costs.

After Puerto Rico declared a form of bankruptcy May 3, The New York Times used these words to describe the U.S. territory's fiscal woes: «borrowing to pay operating expenses, year after year»; «unable to provide its citizens effective services»; and «rising pension costs, crumbling infrastructure, departing taxpayers and credit downgrades.»

The combined population of more - developed countries other than the U.S. is projected to decline beginning in 2016, raising the prospect of prolonged budget crises as the number of working - age citizens diminish, pension costs rise and tax revenues fall.

For what it's worth, Spitzer and Bloomberg are again disagreeing — this time over the mayor's warning that NYC could very well go the way of Detroit if his successor fails to control the city's rapidly rising health care and pension costs.

Tax - funded public - pension costs for every level of state government rose from absolutely minimal levels in 2000 to a grand total of more than $ 16 billion last year, half of it in New York City alone.

The Educational Conference Board, a coalition of school boards, teachers unions, and school administrators, say the state's schools need and additional $ 1.5 billion next year just to keep up with rising costs like health insurance premiums and pensions.

The city's budget comes due in the summer, but Miner already has said the city will run out of money in the next few years — even without the tax cap — because of sharply rising pension and health care costs.

That's enough to cover about one - fourth of overall school spending in the two - county region, but experts said it is not sufficient to fully meet rising costs of teacher pensions and other high expenses.

But he then explained that the rising costs of health care, pensions and contractually - obligated raises, all play a part in increased overall spending.

The Educational Conference Board, a coalition of school boards, teachers unions and school administrators, said the state's schools need an additional $ 1.5 billion next year just to keep up with rising costs like health insurance premiums and pensions.

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.

Towns, cities, counties and other local governments will see another year of sharply rising pension costs to make up for the previous shortfalls created by the recession.

They are a pastel symbol of Easter joy, but behind the wax - eyed candy is a company at war with its union workforce over rising pension costs - an escalating legal tangle that could soon upend the retirement plans of 10 million Americans.

Bloomberg administration officials attribute increased cost in uniformed services to the rising cost of health care and pension benefits.

Negotiations with the public employee unions on contracts will have a dramatic impact on the budget as the county grapples with the rising cost of health insurance and rapidly escalating costs of paying into the public employee retirement and pension system.

Pension costs for teachers and other professional school staffers are expected to rise about 10 percent in the 2018 - 19 school year for districts on Long Island and statewide after three years of reductions, according to estimates by the New York State Teachers» Retirement System.

In upstate NY, local governments are in trouble because of rising pension and health insurance costs.

The Educational Conference Board, a coalition of school boards, teachers unions, and school administrators, say the state's schools need an additional $ 1.5 billion next year just to keep up with rising costs like health insurance premiums and pensions.

Still, while the City of Corning is thriving compared to many others in the Southern Tier, it's not immune to the economic pressures facing local governments across upstate: a stagnant tax base, rising pension costs and a limited ability to increase revenues due to the state property tax cap.

State Senate Majority Leader John J. Flanagan (R - East Northport) also disappointed some educators attending a breakfast conference in Middle Island, when he declined to offer help in authorizing reserve funds to pay rising costs of teacher pensions.

Pension costs are expected to rise about 10 percent next year, after three years of reductions, because analysts project lower growth in future pension stock eaPension costs are expected to rise about 10 percent next year, after three years of reductions, because analysts project lower growth in future pension stock eapension stock earnings.

Bloomberg has said the layoffs are necessary because of budget cuts from the state and federal governments, as well as rising healthcare and pension costs.

Still, Cuomo remains proud of the property tax relief enacted under his administration, including the property tax cap that, while good for taxpayers, has left some local governments and school districts scrambling to constrain spending despite rising health care and pension costs.

It points out that although the Western economies have difficulties with the rising costs of pension entitlement for its aging populations, societies are adapting through increases in retirement age and other measures.

He claims costs will rise for decades because entering cohorts have a different time pattern of pension wealth accrual than previous cohorts.

«ASCL urges the STRB to press the DfE to fully fund pay rises so that the government meets the additional costs rather than again expecting them to be met from existing school budgets which are already under huge pressure because of unfunded increases to employers» contributions to teacher pensions and National Insurance costs.»

Rising retention means more teachers will qualify for some level of a pension, but it still won't be very large and will actually cost the state more money.

Costs can not rise unless some cohort enjoys higher benefits and, hence, higher lifetime accruals of pension wealth.

A natural measure of the rise in costs is the rise in real per pupil expenditures for employer pension contributions.

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.

In the area of teacher pension reform, however, it is important to recognize that school administrators reap the largest net benefits from the current system, which has rising costs and clear inefficiencies.

Between 2004 and 2012, data on fringe benefits from the Bureau of Labor Statistics show that pension costs for public educators rose from 11.9 to 16.7 percent of salaries.

With schools facing increased costs amounting to 4.5 per cent due to pay rises, National Insurance contributions and pension deficits, it's no wonder that more than 90 per cent of 1,000 head teachers surveyed by the Association of School and College Leaders (ASCL) say that their finances are going to be critically under pressure for 2015/2016.

The National Audit Office has found, however, that schools are facing budget cuts of # 3 billion by 2020 because funding was not keeping pace with an increased number of pupils and rising costs of national insurance and pension contributions.

Aldeman: Recently there have been some high - profile cases of cities declaring bankruptcy in part from rising pension costs: Detroit, Californian cities like Vallejo, Stockton, and San Bernardino, as well as cities in Alabama and Rhode Island.

Though the Chinese government is currently trying to expand health insurance and pension programs for its citizens, it faces challenges given the rising cost of living and health care.

As a result of inaction from the state to address this unfair burden on CPS, the District had to take money from the classroom to cover rising teacher pension costs.

Professor Marty West mentions that largely lost in the debate about teacher pay, meanwhile, is that state education budgets are increasingly being allocated to the rising costs of health care and pensions, putting downward pressure on salaries.

Between 2004 and 2012, pension costs for public educators rose from 11.9 to 16.7 percent of salaries.

In addition to the non-fiscal benefits attached to educational choice, the program can relieve pressure for district budgets from rising pension costs (for each one million dollars spent on the program, I estimated that the state would save almost half of that amount, while school districts would save almost $ 700,000).

The district wants to cut base salaries by 5 % to 13 % to offset the rising cost of pensions and for teachers to contribute to their health benefits.

In terms of pensions, though, rising retention rates mean higher costs.