Sentences with phrase «over the state pension»

Currently those aged over the state pension age do not pay national insurance contributions, even if they are working.

«To do otherwise would be to give carte blanche to any for profit enterprise intent on running roughshod over our state pension fund.»

Huge inequalities are prevalent within each generation, with poverty and ill health rife even among the so - called lucky generation of baby - boomers: 1.8 million people over state pension age are currently living below the poverty line and three quarters of NHS clients are aged 65 and over.

The controller previously raised concerns over state pension fund investments when the strike loomed.

Some 85 % of people not working and over the state pension age say greater availability of part - time or flexible jobs would help them gain a job.

Not exact matches

Over the past few years, public pensions including California Public Employee's Retirement System (CalPERs) and California State Teacher's Retirement System (Calstrs)-- the largest in the country by assets — have posting mediocre returns due to low interest rates and growing retirement obligations.

Other top pension PE players over the same period were the Teacher Retirement System of Texas (15.5 percent); the Houston Firefighters» Relief and Retirement Fund (13.6 percent); the Minnesota State Board of Investment (14.4 percent); and the Iowa Public Employees» Retirement System (14.1 percent).

Illinois» move earlier this year to withhold state money from cities over pension underfunding has raised a red flag that the practice could endanger bond payments.

In the last decade, the Bush Administration, seeking a Trojan Horse to privatize Social Security in the United States, applauded Chile's disastrous privatization of pension accounts (turning many over to US financial institutions) even as that nation's voters rejected the Pinochetistas largely out of anger at the vast pension rip - off by high finance.

The public awareness of the degree to which State pension funds are underfunded has risen considerably over the past year.

He concluded that, based on the current stated amount of underfunding at every big pension fund, if the Dow / SPX declined 10 % or more over a sustained period of time — where «sustained period» is defined as 3 - 4 month — every public pension fund in the country would collapse.

A recent study, published on Market Watch of over 15,000 consumers found that the average American will run out of retirement funds, other than state and occupational pensions, around 14 years into retirement.

If we look at the past, the National Association of State Retirement Administrators has stated that, over the last 10 years, the return for public pension funds has been 5.7 %.

Looking at the actuarial funded ratio for state and local pension plans, the aggregate funded status of these plans has significantly declined over the last 15 years despite equities attaining all - time highs in recent periods.

«While we welcome the decision to end the arbitrary retirement age, raising the state pension age over this short timescale is clearly driven by a desire to cut spending rather than a planned approach to introducing more flexible retirement,» he said.

The state Department of Financial Services has begun an investigation into pension advance firms, the lenders that woo retirees to sign over their monthly pension checks in return for cash.

In the email, which Murray forwarded to Capital Tonight, he points to DeFrancisco receiving both his pension and his salary as a state lawmaker — a legally allowed practice known as «double dipping» which good - government groups and newspaper editorial boards have decried over the years in state government.

The two campaigns have traded barbs in recent weeks over a controversial amortization plan that Wilson characterizes as borrowing from the pension fund and DiNapoli's camp insists is merely «smoothing» to provide predictability for local governments and the state when it comes to contributions.

Tens of thousands of teachers across the north - west will be taking strike action today (Thursday 27 June) as a further step in the NASUWT and NUT teacher unions» dispute with the Secretary of State for Education over pay, pensions, working conditions and jobs.

NYC Mayor Bill de Blasio and Comptroller Scott Stringer say the divestment of roughly $ 5 billion in fossil fuel investments out of a total of $ 189 billion over five NYC pension funds is the largest of any municipality in the United States to date.

This brief uses data from the Current Population Survey Annual Social and Economic Supplement5 to examine the importance of public pensions to black retirement security, and why the twin threats to public pensions — cuts to state pension benefits and the decline in public employment over the past two decades — particularly threaten the retirement security of African American workers.

On July 22, 2011, government Pension Defense Commissioner Selmeczi announced that 2.45 million of the 3.02 million employees who had relinquished their private pension funds to the state would receive average real yields of slightly over 76,000 forints on thesePension Defense Commissioner Selmeczi announced that 2.45 million of the 3.02 million employees who had relinquished their private pension funds to the state would receive average real yields of slightly over 76,000 forints on thesepension funds to the state would receive average real yields of slightly over 76,000 forints on these funds.

New York's state and city pension funds collectively have well over a million active and retired members.

Over half a million UK citizens world wide have their State Retirement Pension frozen at the rate it first becomes payable in the country of their retirement.

ALBANY, N.Y. (AP)- The New York state comptroller says the state's public pension fund is nearing $ 207 billion thanks to strong results from financial markets over the past year.

The New York state comptroller says the state's public pension fund is nearing $ 207 billion thanks to strong results from financial markets over the past year.

Only three in ten of the 12 million women over 45 have made sufficient NI payments to qualify for a full state pension on retirement.

They are also eligible for guaranteed career pensions and retiree health insurance, with the state paying for most of their health insurance premiums and reimbursing lawmakers over 65 for Medicare Part B premiums.

Wolfson did not comment directly on de Blasio, who is at odds with Cuomo over the issue and is favoring a more fiscally conservative pension plan, but his comments put him on the side of City Hall in its dispute with the state.

The state pension bill is due to rise from 5.6 % of GDP in 2016/17 and the price of the system is set to rise by # 40 billion over the next 50 years.

As Tory election strategist he is keen to make political ground over Labour's inclusion of the pension in the welfare cut, because it allows the party to highlight how the opposition plans to cut the basic state pension in real terms.

An obese acting state Supreme Court judge did not do his $ 193,000 - a-year job for over three years because he was too fat, and will still retire with a hefty pension even though an ethics panel found he milked the system.

Work and pensions secretary James Purnell proposed an amendment to the pensions bill which will allow people to buy up to an additional six years of voluntary national insurance contributions, over and above those permitted under the current time limits, in order to enjoy a higher state pension.

In Suffolk, our state - mandated pension - system payments have increased 1,000 percent over the last nine years.

One of the main problems with the state pension is that it is related to a person's earnings over their lifetime.

«One of Gov. David Paterson's five nominees to the state Parole Board is a Westchester County official who has improperly collected both his pension and his salary over the past 10 months and could owe up to $ 50,000,» The Journal News reports.

:: Urgently pay Edo State pensioners over 42 months outstanding pension benefits and entitlements from the over N29bn Paris Club refunds received by your government and meant for the payment of pension arrears and gratuities;:: Adopt a human rights policy of guaranteeing regular payment of pension benefits and entitlements so that pensioners and their families can live decently;:: Recognize the human rights of Edo State pensioners and ensure their full and effective enjoyment of those rights, as well as provide them with information to enable them to claim their rights;:: Treat all pensioners in Edo State as individuals with humanity and dignity and respect and promote their higher standard of living and improve economic and social conditions for all pensioners;:: Provide Edo State pensioners with proper support and assistance to alleviate their plight, including by ensuring informal, community - based and recreation - oriented programs for pensioners to help develop their sense of self - reliance and independence;:: Reduce opportunities for corruption in the spending of the Paris Club refunds

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.

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.

Osun state chapter of the Peoples Democratic Party (PDP) has threatened to drag the state government to court over the non-payment of workers» salaries and pensions...

Paterson's December 2009 pension measure reversed benefit sweeteners enacted by the State Legislature over the previous 25 years, while trimming police and fire pensions a bit more.

State employees would receive no general wage increases for three years and pay more for their pensions and health care benefits under a tentative deal with Gov. Dannel P. Malloy that would save the state more than $ 1.5 billion over the next two years, officials said MoState employees would receive no general wage increases for three years and pay more for their pensions and health care benefits under a tentative deal with Gov. Dannel P. Malloy that would save the state more than $ 1.5 billion over the next two years, officials said Mostate more than $ 1.5 billion over the next two years, officials said Monday.

The ex-state pension official busted in a sex - drugs - and - rock -»n' - roll bribery case completely flew under the radar of state Comptroller Tom DiNapoli — who on Thursday said Navnoor Kang was fired over...

Yegeri also explained the DA's desire for state officials also enact legislation stripping pension, retirement benefits and control over campaign funds from elected officials convicted of a crime, expelled from office, or resign due to a crime committed during their service.

The governor and the legislative leaders, meanwhile, announced an agreement on a budget scheme allowing the state and many local governments — but not New York City — to «borrow» nearly $ 6 billion over the next three years from the state pension system in order to use the funds to make required annual contributions back to the pension fund.

In the letter dated 14 July 2017 and signed by SERAP executive director Adetokunbo Mumuni the organization said that, «Public interest is not well served when government officials such as former governors, deputies supplement their emoluments in their current positions with life pensions and emoluments drawn from their states» meagre resources, and thereby prioritising their private or personal interests over and above the greatest happiness of the greatest number.»

Taxpayers on Long Island will ante up $ 1.25 billion for the New York State pension system during the next 12 months, a nearly 40 - percent increase over the previous yearlong period.

From the President who has refused to act on investigative reports submitted to him on grievous allegations of diverting over a billion naira meant for resettlement of Internal Displaced Persons (IDPs) by the Secretary to the Government of the Federation, Babachir Lawal under the Presidential Initiative for the North East (PINE) and the miraculous discovery of 13billion naira in an apartment at Ikoyi, Lagos under the supervision of the Director of the Nigerian Intelligence Agency (NIA), Ayodele Oke, to the Head of Service of the Federation, Oyo - Ita Winifred Ekanem, who connived with others to reinstate into active duty and promote Abdulrasheed Maina, the former Chairman of the Pension Reform Task Team, who allegedly stole over 6billion naira pension fund; the Chief of Staff to President Buhari now renamed the «Thief of Staff», Abba Kyari, who allegedly received a bribe of 500million naira to negotiate a fine reduction for MTN Nigeria, and has continuously been in the heart of every sharp practices in the Presidency; the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu who allegedly received a kickback of 3.8 billion naira in exchange for marginal oilfield using his brother, Dumebi Kachikwu as front; the Minister of Justice, Abubakar Malami, who was the brain behind the reinstatement of Abdulrasheed Maina; the Chief of Army Staff, General Tukur Buratai who during his time as the Director of Procurement at the Army Headquarters allegedly diverted funds meant to equip the Military into buying choice properties worth millions of dollar in Dubai; the Minister for Solid Minerals, Dr. Kayode Fayemi who allegedly embezled State Universal Education Board (SUBEB) funds as the Governor of Ekiti State; the Minister for Interior, Abdulrahman Bello Dambazau who was indicted by a Presidential investigative committee probing Arm procurement for awarding ghost contracts worth $ 930,500,690 with others while as the Chief of Army Staff between 2008 - 2010 and one of the brains behind the reinstatement of Abdulrasheed Maina; the Minister of Transportation, Rotimi Amaechi alleged to have stolent 142billion naira as the Governor of RiversPension Reform Task Team, who allegedly stole over 6billion naira pension fund; the Chief of Staff to President Buhari now renamed the «Thief of Staff», Abba Kyari, who allegedly received a bribe of 500million naira to negotiate a fine reduction for MTN Nigeria, and has continuously been in the heart of every sharp practices in the Presidency; the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu who allegedly received a kickback of 3.8 billion naira in exchange for marginal oilfield using his brother, Dumebi Kachikwu as front; the Minister of Justice, Abubakar Malami, who was the brain behind the reinstatement of Abdulrasheed Maina; the Chief of Army Staff, General Tukur Buratai who during his time as the Director of Procurement at the Army Headquarters allegedly diverted funds meant to equip the Military into buying choice properties worth millions of dollar in Dubai; the Minister for Solid Minerals, Dr. Kayode Fayemi who allegedly embezled State Universal Education Board (SUBEB) funds as the Governor of Ekiti State; the Minister for Interior, Abdulrahman Bello Dambazau who was indicted by a Presidential investigative committee probing Arm procurement for awarding ghost contracts worth $ 930,500,690 with others while as the Chief of Army Staff between 2008 - 2010 and one of the brains behind the reinstatement of Abdulrasheed Maina; the Minister of Transportation, Rotimi Amaechi alleged to have stolent 142billion naira as the Governor of Riverspension fund; the Chief of Staff to President Buhari now renamed the «Thief of Staff», Abba Kyari, who allegedly received a bribe of 500million naira to negotiate a fine reduction for MTN Nigeria, and has continuously been in the heart of every sharp practices in the Presidency; the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu who allegedly received a kickback of 3.8 billion naira in exchange for marginal oilfield using his brother, Dumebi Kachikwu as front; the Minister of Justice, Abubakar Malami, who was the brain behind the reinstatement of Abdulrasheed Maina; the Chief of Army Staff, General Tukur Buratai who during his time as the Director of Procurement at the Army Headquarters allegedly diverted funds meant to equip the Military into buying choice properties worth millions of dollar in Dubai; the Minister for Solid Minerals, Dr. Kayode Fayemi who allegedly embezled State Universal Education Board (SUBEB) funds as the Governor of Ekiti State; the Minister for Interior, Abdulrahman Bello Dambazau who was indicted by a Presidential investigative committee probing Arm procurement for awarding ghost contracts worth $ 930,500,690 with others while as the Chief of Army Staff between 2008 - 2010 and one of the brains behind the reinstatement of Abdulrasheed Maina; the Minister of Transportation, Rotimi Amaechi alleged to have stolent 142billion naira as the Governor of Rivers State.

Hevesi admitted to using his control over the state's pension fund, now at $ 130 billion, to steer $ 250 million in investments to a private equity fund that paid him handsomely: $ 75,000 in trips to Israel and Italy for him, his adult children, and people from his staff; $ 500,000 in campaign contributions, and $ 380,000 in make - believe consulting fees to a lobbyist allied with Hank Morris, Hevesi's political guru.

(CNN)- Gov. Chris Christie will cut planned pension payments for state employees by almost $ 2.5 billion over the next two fiscal years, the New Jersey Republican announced Tuesday.