Sentences with phrase «past pension obligations»

Conversion specifics will vary by state; obviously, those with huge unfunded liabilities will have a tougher time finding an elegant solution to converting past pension obligations for teachers nearing vesting milestones.

Not exact matches

Connecticut has raised income taxes three times in the past decade, but now, struggling to meet its pension and healthcare obligations, it's going after hedge funds in Greenwich, the Financial Times reports.

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.

Torstar is investigating a merger of its pension plan assets with a multi-employer plan called CAAT, which would take over the obligation for paying past accrued benefits and future pension benefits of Torstar employees.

De Blasio and his representatives regularly say that reserves are at «historically» high levels, which is true, but the city budget is also higher than it has ever been, city personnel hiring has been expanded significantly over the past three years, and city pension obligations are greater than ever before.

The pension obligations are not going away anytime soon, and there's no magic solution for paying down those past debts.