Sentences with phrase «own pension programs»

This should give you an idea of how bad things are there: On top of the state pension program being utterly insolvent, Illinois can't even afford to pay lottery winners or feed prisoners.

$ 119.1 billion of those unfunded liabilities are tied to shortfalls in the state's failing pension program.

Of these, $ 119 billion are tied to shortfalls in the state's pension program.

We also offer complete support associated with various methods of financing, including third - party lenders, 401K and pension programs, and SBA offers.

CPP expansion will also insulate future generations of taxpayers from the burdens of financing growing numbers of seniors through tax - financed public pension programs.

They feared that upcoming bankruptcy proceedings would eliminate the pension program for future retirees.

Several denominations have made modest beginnings with pension programs, but most black pastors can not afford to retire.

Before the establishment of survivors» benefits, needy widowed mothers with children had to rely on state - run Mother's Pension programs.56 These programs scrutinized beneficiaries closely and were often administered to deny aid to women of color or women with objectionable morals or lifestyles.57 In contrast to discretionary (and often discriminatory) mother's pensions, survivors» benefits uniformly extended coverage to widows of insured workers who were caring for a child under the age of 18.58 There was no requirement of economic need.

Albert Teichman, Chief Assistant to Rice in her former position as Nassau County District Attorney, was accused of double - dipping in the state's public employee pension program.

A spurt of pension legislation was passed in the years immediately prior to passage of the Social Security Act, so that 30 states had some form of old - age pension program by 1935.

Many of the state - passed pension laws provided for counties within the state to opt to participate in the pension program.

In an interview with WCBS 880's Steve Scott, Paterson noted that he vetoed a bill in 2009 that would have extended a long - standing pension program for police, saying he believed pensions are «killing our economy» and didn't feel the police union was negotiating fairly with the state.

Overhauling the state's massive pension program has become a political priority in recent years as taxpayer costs exploded.

Traditional public employee pension programs in New York State have become unaffordable for taxpayers — while denying workers the ability to choose more flexible approaches to retirement planning.

While front - line workers now need 10 years of service to vest in their modest pension program, the politically favored few can literally take the money and run after just one year of service — so it's like getting a cash bonus windfall they didn't earn.

Changing the public employee pension program would clearly be a bold action.

Governor Paterson worked hard to create a more reasonable pension program for new state workers, but some of these bills undo that progress.

That was confirmed by the Office of the State Comptroller, which administers the pension program, in answer to Courant questions — first in 2014, and again this week.

The governor will likely also reveal details of a proposed new pension program for new public employees, another person familiar with plans said.

• Limit districts» practice of making long - term commitments that they may not be able to fulfill by, for example, encouraging them to shift to defined - contribution pension programs and modifying tenure systems to allow for staffing adaptations.

The State Teachers Retirement System of Ohio, one of the nation's largest pension programs for teachers, didn't make enough return on its investments in the last fiscal year to provide the bonus, said Herb Dyer, the fund's executive director.

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.

This reduced funding, argued proponents of the bill, could be offset at the district level by employee contributions to health - care and pension programs as well as savings gained by local school districts exercising greater autonomy over spending.

One group of public school teachers is not automatically locked into these pension programs: teachers working in charter schools.

The paper cited the «decision to sweeten an already lucrative pension program in 1998 [as] a classic example of how public employee benefits are enhanced, often with privileged insiders pushing for the deal, and little study in advance.»

While the plan called for a cut of 5.5 percent to education, dropping per - pupil funding by $ 550, funding limits could be offset at the district level by increased employee contributions to health care and pension programs, and by giving local school districts other tools such as wage freezes and adjustments in salary schedules.

Public sector teachers are generally better paid and have superior pension programs.

Amid the current economic uncertainty, myths are circulating about the pension programs and health insurance for municipal workers Municipal Labor Coalition Chairperson and Uniformed Sanitationmen's Association President Harry Nespoli and MLC Co-Chair and UFT President Randi Weingarten wrote in the Daily News on March 28, «These myths not only misrepresent the problems, they stand in the way of finding realistic solutions.»

In a bill that has 5,036 lines of text, one has to fast forward to line 3,573 to find the «technical» changes to the language of the state's Teacher Retirement Pension program.

Gangopadhyay says the absence of a traditional public pension program and lower salaries in New Orleans make attracting veteran teachers tough; the hiring pool is often limited to less experienced educators, he says.

Obtaining free checking at Citibank is easiest when you arrange direct deposits to your checking account, either from your employer, government benefits or a pension program.

On February 8, the Belgian parliament passed a law (Pensioenovereenkomst voor Zelfstandigen, or POZ) that introduces a voluntary second - pillar pension program for self - employed persons who are not company directors.

This is why most pension programs hold bonds or fixed income in their portfolios in order to «match - up» fixed liabilities associated with pension payments.

There is much debate over how safe our old - age pension programs will be over the next 20, 30 and 50 years.

Italy's state pension program used to offer generous benefits, but they've been gradually declining since 1995.

The PRPP (pooled registered pension plan) is a more recent workplace pension program that behaves more like a defined - contribution plan, but is by no means universal and places investment risk on the shoulders of plan participants.

If you do not qualify for an Old Age Security pension based on your years of residence in Canada, Canada will consider your periods of contributions to the pension program of the United States after the age of 18 and after January 1, 1952 as periods of residence in Canada.

«If you do not qualify for a Canada Pension Plan benefit, Canada will consider your periods of contribution to the pension program of the United States as periods of contribution to the Canada Pension Plan.

As pension programs have died, they have been replaced with good old American self - reliance and the survival of the fittest.

Corporate employers en mass largely have dumped defined benefit retirement pension programs.

If you have not contributed to the pension program of the United States for the minimum period, under the Agreement, the United States will consider periods of contribution to the Canada Pension Plan as periods of contribution under the pension program of the United States.»

1776 — The National Pension Program for Soldiers was passed even before the Declaration of Independence was signed.

The GIS is an income - tested pension program that, together with Old Age Security (OAS), helps low - income seniors avoid poverty.

And of course, they can also benefit from the government pension programs — CPP, OAS, and potentially GIS.

We support defined benefit pension programs that provide a stable and secure retirement for all government employees.

I was in a company that cancelled its pension program.

The government has a lot of work to do in simplifying Canada's pension system including harmonizing the retirement age across the OAS, CPP and occupational pension programs not to mention ensuring that those who will rely on GIS income in retirement won't pay a hefty penalty for participating in the forthcoming Pooled Registered Pension Plans (PRPPs).

Unless Canada changes, we're shaping a future in which a greying population will look to the young for financial support of its favorite medicare and pension programs — and the young won't be there.

Do not include: — Old Age Security Pension (Canadian), Guaranteed Income Supplement, Allowance or Allowance for the Survivor — War Veterans Allowance or Veterans Disability or Dependents Pension Program — Death Benefits from Canada Pension Plan or Quebec Pension Plan — Canada Child Tax Benefit payments — Assistance payments from a municipal, provincial or Canadian federal government — Support or gifts from relatives, registered charities or other organizations — Municipal tax rebates — Lottery winnings — Inheritances — GST credits or other such payments issued by the Canada Revenue Agency (CRA)-- Universal Child Care Benefit — Registered Disability Savings Plan payments

While the national OAS / CPP / GIS pension programs cover much of this risk for low income workers, that is generally not the case for middle - income workers without DB plans.