The court will also consider whether more information is required
on pension assets, if they are available.
(When a higher rate of return
on pension assets is assumed companies can set less money aside, boosting earnings.
This may result in income tax consequences for the fund, including that income earned
on pension assets will not be exempt from income tax.
significant changes in discount rates, rates of return
on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses
on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect
on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions
on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact
on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact
on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns
on pension plan
assets and the impact of future discount rate changes
on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco
on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted
on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence
on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments
on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest
on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
The 11 billion pound merger triggered the right for Lloyds and Scottish Widows, which is part of the British bank, to review an agreement struck in 2014 for Aberdeen to manage
pension assets on behalf of Lloyds» insurance and wealth units as Standard Life is a «material competitor» to both.
Semi-liquid
assets here refers to equity in a principal residence (also broken out
on its own), locked - in retirement savings and
pension assets — financial
assets that are imperfectly liquid.
TORONTO — The 2013 - 14 financial year was an unusually strong one for the Canada
Pension Plan Investment Board, which earned a 16.5 per cent annual return
on the billions of dollars in
assets it manages for the national retirement system, but its CEO cautions that level of growth likely won't soon be repeated.
Wiseman says the CPPIB takes no position
on whether the Canada
Pension Plan is sufficient given overall retirement needs or what changes may be required, but says it has the organization has a «platform» of people, relationships and
assets that can be expanded if policy - makers decide that's necessary.
True,
on the financial disclosure forms Sanders released after announcing his entrance into the presidential race, he lists no
assets of his own, other than a $ 5,000 annual
pension payment from his stint as mayor of Burlington, Vt..
As a result,
pension funds have had to go out
on the risk curve, taking more risk to glean more return by investing, in part, in
assets that are not as liquid as stocks or bonds.
If fewer than 100 people are covered by a
pension plan, benefits plan (including medical, dental, life - insurance, scholarship, and disability), or fringe benefit, file Form 5500 C / R annually, listing details
on membership,
assets, and so
on.
At OTPP, Leech went
on to have an impressive tenure in his own right, growing the organization to $ 140.8 billion in
assets (as of the end of 2013) and co-authoring a book
on the country's collective
pension deficit before stepping down this year.
The deal, agreed to
on Monday after 17 hours of talks with eurozone leaders, contains tough conditions including
pension cuts, tax increases and the movement of public
assets into a trust fund to pay for the recapitalisation of Greek banks.
The introductory clause is amended to reflect the June 9, 2017 applicability date of that section, as follows: «
On or after June 9, 2017, if the insurance agent or broker,
pension consultant, insurance company or investment company Principal Underwriter is a fiduciary within the meaning of ERISA section 3 (21)(A)(ii) or Code section 4975 (e)(3)(B) with respect to the
assets involved in the transaction, the following conditions must be satisfied, with respect to the transaction to the extent they are applicable to the fiduciary's actions -LSB-.]»
The
Assets and Debts of Canadians: Focus
on private
pension savings.
Other Post-Retirement, Net represents the other components of net periodic
pension costs not classified as Service Costs, Interest Costs, Expected Return
on Plan
Assets, Actuarial Gains \ Losses, Amortization of Unrecognized Prior Service Costs, Settlements, Curtailments, or Transition Costs.
thanks, and yes, a pittance of a
pension and regular checkups keep us
on budget and head off any problems — best decision i ever made (financial or otherwise) was serving our country doing search - and - rescue, oil and chemical spill remediation, etc. (you can guess the branch of service)-- along the way, frugal living, along with dollar - cost averaging,
asset allocation, and diversification allowed us to retire early — Vanguard has been very good over the years, despite the Dot Bomb, 2002, and the recession (where we actually came out better with a modest but bargain retirement home purchase)... it's not easy building additional «legs»
on a retirement platform, but now that we're here, cash, real estate, investments and insurance products, along with a small
pension all help to avoid any real dependence
on social security (we won't even need it at full retirement age)-- however, like nearly everybody, we're headed for Medicare in several years, albeit with a nice supplemental and pharmacy benefits — but our main concern is staying fit, active, and healthy!
The Comptroller serves as investment advisor, custodian and a trustee to the New York City
Pension Funds, which have more than $ 160 billion in
assets and a long history of active ownership
on issues of corporate governance and sustainability.
All it will take is an extended 10 - 20 % draw - down in the stock market to trigger a massive run
on custodial
assets —
pensions, banks and brokerages.
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.
Every
pension fund he studied is a monthly net seller of
assets in order to fund beneficiary payouts — i.e. the cash contributions from current payees into the fund plus investment returns
on capital is not enough to fund current beneficiary payouts.
We are an independent organization that pays defined benefit
pensions and invests plan
assets on behalf of 323,000 active and retired members.
«The biggest winners are likely to be Asian and global financial sector firms with intra-Asia regional capabilities and a focus
on securities markets,
pensions, insurance,
asset management, and cross-border banking,» says Anil Agarwal, head of Asian financial research.
The most important measure of our success is our fully funded status, meaning that we have enough
assets to deliver
on all our
pension obligations, now and in the future.
On the same day, the Government
Pension Investment Fund (GPIF) announced a rise in domestic equity weights and an increase in foreign
asset holdings for its portfolio.
In recent years,
asset managers,
pension funds and investment companies have been burned too many times using traditional investment analysis that identified investment opportunities that were, based
on the models, rock solid.
All other department and agency expenses increased by $ 1.6 billion (3.2 %), largely reflecting an increase in actuarial liabilities for claims and employees»
pension and other future benefit costs, the latter reflecting the impact of low interest rates
on plan
assets.
And EK is already stretching the limits
on how it values its
pension assets by assuming the long - term return
on plan
assets will be 8.73 % for the life of the plan.
In retirement, my salary income will be eliminated and I'll be living
on pension income, Social Security, and our invested
assets.
For specific company examples, see my articles
on Eastman Kodak's (EK — dangerous rating)
pension accounting manipulation and Citigroup's (C — dangerous rating) overstated deferred tax
assets.
It seems more Americans are taking responsibility for managing their own retirement
assets instead of relying solely
on a
pension.
The Bush plan to privatize Social Security is basically Pinochet's and Thatcher's «
pension fund capitalism» expanded to orchestrate bubbles by inflating
asset prices
on credit.
In fact, the company's assumed return
on plan
assets is so high that it allowed EK to book income from its
pension plan equal to 2.2 % of its revenue last year.
Public
pensions are allowed to fund
on the basis that their
assets magically return their expected assumption.
He primarily works
on behalf of family offices,
pensions, endowments and foundations to manage distressed situations, recover legacy investments, and optimize underperforming
assets.
Although CEO Tidjane Thiam warned that fourth - quarter earnings would be weak, some one - off expenses related to litigation,
pension true - up charges and write - downs
on certain credit
assets were negative surprises during the period.
Absent an exemption, if a
pension plan subject to ERISA is a limited partner in a venture fund, then all of the venture fund's
assets are subject to regulations that require the venture fund
assets to be held in trust, prohibit certain transactions and place fiduciary duties
on fund managers.
Greater demand for Asian fixed income, both from within and without With a growing emphasis
on individual responsibility for
pensions, education and health care, Asia is likely to see growing demand for all types of financial
assets — and fixed - income securities top the list.
He served for many years
on the Investment Committee of the
Pension Board for the United Church of Canada, a successful pension plan managing assets in excess of $ 1.3 b
Pension Board for the United Church of Canada, a successful
pension plan managing assets in excess of $ 1.3 b
pension plan managing
assets in excess of $ 1.3 billion.
Changes in actuarial assumptions (i.e. the discount rate and expected return
on plan
assets) can cause big swings in total reported net
pension liabilities.
Mr. Moysiuk has served for many years
on the Investment Committee of the
Pension Board for the United Church of Canada, a successful pension plan managing assets in excess of $ 1.2 b
Pension Board for the United Church of Canada, a successful
pension plan managing assets in excess of $ 1.2 b
pension plan managing
assets in excess of $ 1.2 billion.
Remember, most of these
assets should go
on producing income forever (with ups and downs), so you'd have a fair - sized
pension on quitting work, too.
Asset and
pension fund managers also face increased incentives to take
on more risk with a lower neutral rate.
That deal was the largest since Swiss fund Adveq Real
Assets, joined by US - based Municipal Employees» Retirement System of Michigan and the Danish Danica
Pension Fund, purchased 18,000 hectares of almond orchards
on the Murray River near Robinvale for $ 211 million in 2013.
According to our calculations, which draw
on data from the International Monetary Fund (IMF) and other public sources, central governments hold significantly more commercial
assets than private equity firms, hedge funds,
pension funds, sovereign wealth funds, or the super-rich (see figure 1 below).
Case in point: New York state, where Comptroller Thomas DiNapoli announced last week that the $ 178 billion state and local
pension fund ended its fiscal year March 31 with a minuscule return
on assets of 0.19 percent, well short of its 7 percent long - term target.
Among those myths is the notion — oft - repeated by DiNapoli — that public -
pension funds are «long - term investors» that can stick with their assumptions through thick and thin, riding out the kind of market volatility that saw the state funds» return
on assets veer from a 26 percent loss in 2009 to a 26 percent gain in 2010.
WAS is the most authoritative source of micro-data
on household wealth holdings in Britain and collects detailed information
on four groups of
assets: property, private
pensions, financial
assets and physical
assets.
Under new rules, savers could include property and other collectible
assets to their self - invested
pension plans (Sipps), and receive tax relief
on these investments.