Sentences with phrase «over pension costs»

The City has no control over pension costs.

The latest was Cuomo's statement to the Associated Press that he stands with the police and firefighter unions in their fight with the de Blasio administration over pension costs.

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.

In addition to the Canada Pension Plan Account, there was a Canada Pension Plan Investment Fund that would take the surplus that accumulated over and above administration costs and the amount of money required to pay immediate benefits (i.e. three months» worth) and invest it in provincial and federal securities.

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!

It also must commit to cutting back pensions and public spending by enough to step up its NATO spending to finance the bombing and destabilization of Syria and the Near East, and over and above this, to accept the cost of supporting all the refugees caused by US policy and its foreign legion in the form of ISIS, Al quaeda and Al Nusra.

The premium hikes would be spread over at least five years (Addition — the CLC has proposed seven), and those employers already offering generous workplace pensions will likely reduce their pension costs to reflect increased CPP benefits.

The 401 (k) was originally developed as a supplement to traditional defined - contribution (pension) plans, but company cost - cutting over the years means that the 401 (k) has become one of the primary ways Americans save for retirement.

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.

Managers earning over # 50,000 cost councils # 1.9 billion, while over # 4.3 billion on employer pension contributions.

Cuomo's long - term goal for the pension fund could be to scale - back costs over years.

The pension liabilities for New York state and New York City have been kept in check over the years by hiking contributions, but increasing costs could place pressure on future budgets, according to report released this week by Moody's.

Cuomo convened the mandate relief council in 2011, and during his first three years in office has helped localities by capturing cost increases in the Medicaid program and taking over its administration from counties, giving school districts more flexibility in how they set up bus transportation and imposing a less - generous pension plan for newly hired workers.

They've clashed over city contracts, teacher layoffs, and pension costs, and Bloomberg's team thinks that Liu is basically using City Hall as a foil to make himself look good for a 2013 mayoral run.

The authority and the workers are fighting over differences in base pay, health care costs and contributions to pensions for future workers.

Last week in a hearing before state lawmakers, Syracuse Mayor Stephanie Miner said pension costs are among those expenditure lines that the city has no control over, and is one of the reasons why the city's financial picture looks bleak.

But pension padding alone is big money: if just 5 percent of the workforce engaged in the practice, Mr. Cuomo estimates, it would cost the system $ 300 million extra over the next 20 years.

Chief Judge Jonathan Lippman at several points spoke of the «salutary» effect of making names and pensions available, given the concern over public pensions and their cost.

Last, since pension costs are an expensive mandate for local governments, Governor Cuomo has created a new tier in the state pension system that would save local government's $ 79 billion over the next thirty years.

The measure would have allowed schools to borrow more than $ 1 billion in bonds in order to cover pension costs plus interest over 15 years.

The Tory rebel, who resigned as work and pensions minister over the ex-Chancellor's budget, is speaking out publicly against the planned cut to Universal Credit, which he says will cost three million people more than # 1,000 a year each.

SYRACUSE, N.Y. — Pension smoothing would cost Syracuse at least $ 124 million in extra pension payments over the next 25 years, according to an analysis prepared by the city budget depaPension smoothing would cost Syracuse at least $ 124 million in extra pension payments over the next 25 years, according to an analysis prepared by the city budget depapension payments over the next 25 years, according to an analysis prepared by the city budget department.

The distinction in disability pensions was created by former governor David Paterson as a cost - saving measure in 2009, and has become a flashpoint in a broader feud between de Blasio and the city's police and fire unions — one that Cuomo has seized on as he and the mayor fight over a host of other issues.

A fight over disability pension benefits escalated on Friday, with the de Blasio administration defending its proposal and police and fire unions and members of the City Council claiming it short - changes uniformed workers, forcing them to choose between a better line - of - duty pension or a higher cost - of - living increase after retirement.

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.

He argued that such a policy would provide huge gains to the exchequer by (over time) removing the cost of both means - tested benefits and tax incentives for pensions.

New York's state government pension costs could be nearly $ 1.6 billion above previously projected levels over the next four years, according to the Mid-Year Financial Plan Update that was finally issued today — 11 days behind schedule, and nearly a week after Election Day — by Governor Andrew Cuomo's Division of the Budget (DOB).

«Net investment losses» by the five city pension funds get the blame for $ 15.2 billion in added costs, or about 48 percent of the total increase over the 10 - year period.

And spokesman Rich Azzopardi says Cuomo has already created a new pension tier for retired workers with reduced benefits and taken over the costs for the growth of Medicaid.

That this House declines to give a Second Reading to the Welfare Benefits Up - rating Bill because it fails to address the reasons why the cost of benefits is exceeding the Government's plans; notes that the Resolution Foundation has calculated that 68 per cent of households affected by these measures are in work and that figures from the Institute for Fiscal Studies show that all the measures announced in the Autumn Statement, including those in the Bill, will mean a single - earner family with children on average will be # 534 worse off by 2015; further notes that the Bill does not include anything to remedy the deficiencies in the Government's work programme or the slipped timetable for universal credit; believes that a comprehensive plan to reduce the benefits bill must include measures to create economic growth and help the 129,400 adults over the age of 25 out of work for 24 months or more, but that the Bill does not do so; further believes that the Bill should introduce a compulsory jobs guarantee, which would give long - term unemployed adults a job they would have to take up or lose benefits, funded by limiting tax relief on pension contributions for people earning over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate of income tax is being reduced, which will result in those earning over a million pounds per year receiving an average tax cut of over # 100,000 a year.

The pension change would cost the city an estimated $ 5 billion over 30 years.

S&P cited the County's «strong budgetary flexibility that has remained consistent over time,» «very strong liquidity, with strong access to external liquidity,» «strong management, with good financial policies and practices in place,» and the County's «strong debt and contingent liability profile, with limited exposure to fixed costs associated with pension and other postemployment benefit libation (OPEB) liabilities.»

Our city's pension costs have grown by 36 % since 2010 and over the last decade our health care costs have grown by 84 % to approximately $ 44 million.

O'Reilly then sought to turn the tables on DiNapoli, asking «Albany Tom» to answer how much the «DiNapoli Tax» in the just - enacted «pension borrowing plan» will cost New Yorkers over the next six years.

Ulster County, according to Legislator Dave Donaldson, will see its pension costs reduced by over $ 3 million next year.

The report this week by the nonpartisan Office of Budget Review said sales tax revenue is expected to come in $ 23 million over budget, while the county deferred $ 57.6 million in pension costs.

One of those tough decisions, says Miner, came two years ago, when she broke with the Cuomo administration, and refused to let the city take part in the governor's plan to reduce skyrocketing pension costs by letting municipalities pay them off over a long period of time.

• When Tier 6 was adopted two years ago, the governor's Division of Budget projected it would reduce pension costs for state and local government by more than $ 35 billion over 30 years; and

Gelinas has been warning about growing personnel costs over the course of de Blasio's tenure, especially with regard to healthcare and pension bills.

«Over the years they have not put in enough money to meet the cost of new pension promises — they have put money into equities rather than bonds and that risk has not paid off.

They highlighted the remarkable achievements of the governor that have impacted positively on their lives such as «prompt payment of monthly salaries / pensions, other allowances to state public and civil servants; absorption of 54 % of total cost of 100 housing units at Elim Estate allocated to workers; payment of outstanding arrears of salaries / pensions / allowances to Local Government Staff, through prudent utilization of 100 % of LG share of the Paris Club Refunds; promotion of teachers and recruitment of over 4000 school teachers as well as elongation of terminal grade of qualified primary school teachers to level 16».

The two have not talked to each other since October, but they have had a public exchange all spring over the governor's proposal to help cities like Syracuse with a plan to smooth pension costs over time.

This means that contributions include both the «normal cost» of pension liabilities accruing to current employees and the legacy costs of amortizing unfunded liabilities accrued previously (due to a variety of reasons, including the original pay - as - you go nature of most plans, as well as unfunded benefit enhancements over the years).

In contrast, pension costs for professionals in private firms were relatively flat, at about 10 percent of salaries, over the same period.

If you add the «roll - up» expenses (the so - called fixed costs associated with items like contracts and pensions), you suddenly, have a budget «gap» of over $ 3 million.

When you call this «reducing pension costs,» you're misleading readers into believing it's about budget concerns and screwing over workers, not about helping design something that might be better for teachers.

It will add new funding streams to the state's woefully under - funded pension plans, limit pension «spiking» whereby employees cash out vacation and sick leave to artificially inflate their benefits, raise the retirement age for current workers, limit annual cost - of - living adjustments, and allow a limited number of employees to choose a defined contribution plan over the traditional defined benefit.

Since FY14, when the pension payment jumped by $ 400 million to a total of over $ 600 million, CPS has turned to a series of one - time fixes to pay for pension costs and prevent significant school budget reductions.

Over the last twelve years, employer pension costs have more than doubled, from $ 500 per pupil in 2004 to over $ 1,100 per pupil in 2Over the last twelve years, employer pension costs have more than doubled, from $ 500 per pupil in 2004 to over $ 1,100 per pupil in 2over $ 1,100 per pupil in 2016.

As Governor Malloy sits on top of one of the largest unfunded state and teacher pension systems in the country, an unfunded liability that will cost Connecticut taxpayers more than $ 20 billion to resolve over the next two decades, leave it to back room politics of the Malloy administration to wheel and deal a way for Steven Adamowski to boost his pension at taxpayer expense.