Sentences with phrase «pay pensioners»

Although the provisions of Chapter 9 municipal bankruptcy technically shield the city from being forced to sell any asset, a mixture of alarmism and rational fear of a populist campaign — to find revenue wherever possible to pay pensioners and other creditors — has led a wide array of observers to wonder how much money, exactly, could be squeezed out of the encyclopedic museum's vast holdings.

The party expressed regrets that Fayose was owing one month salary of less than N2bn when he took N9.6 b bailout, but paid only one month salary and refused to pay pensioners, leave bonus and severance allowances of former political office holders as approved in the protocols of the bailout approval.

Socio - Economic Rights and Accountability Project has asked Governor Godwin Obaseki of Edo State to pay pensioners in the state their outstanding entitlements within the next 14 days or face legal action.

This shows that Fayose's insistence that he won't pay pensioners until all of them complete verification shows that Fayose does not intend to pay the pensioners.»

We don't have to spend 200 million like united and pay pensioners 250k -300 k a week to be competitive.

The first of two International Monetary Fund payments is due on May 6 and the government still doesn't know if it has enough money to pay pensioners and state employees this week.

The All Progressives Congress in Ekiti State has faulted Governor Ayodele Fayose for paying just one month salary to workers owed seven months in arrears and for not paying pensioners.

Not exact matches

Pierlot wrote a paper for the CD Howe Institute in 2011 showing that a person with a salary of $ 75,000 at the end of a 35 - year career would accumulate more than $ 1.4 million in savings through a defined - benefit plan (wherein the pensioner is paid a set income based on past earnings and years of service, mostly confined to the public sector these days) compared to $ 674,711 for someone with no pension but a maxed - out Registered Retirement Savings Plan.

The result: a falling stock and unhappy pensioners (whose retirement was paid in stock) who actively campaigned for McDonald's removal.

Canada Sears pensioners try to recoup missing money by going after billions paid to shareholders, CBC News Boushie's family meets federal ministers after acquittal in murder trial, Canadian Press

The target of the pensioners complaint is approximately $ 2.9 billion in special dividends paid out to Sears Canada's shareholders between 2005 and 2013 despite the company's failing business.

As the number of pensioners swells at a breakneck pace, funds will soon find themselves paying out more than they are taking in.

Asset Managers Must Adapt to Low - Fee World The shift to passive investing tools, namely ETFs, means investors pay less for performance — good for pensioners, not so much for asset managers.

Pensions were to be paid for not by saving, but by the taxes of the current workers — thus enabling the post-war pensioners to have higher pensions immediately.

Whereas 3.2 persons» payroll taxes now support each elderly pensioner, the decline in the birthrate ensures that for every pensioner only three or perhaps two persons will be paying into Social Security in the years when today's workers arrive at the age to collect their pensions.

The club prefers to pay injury wrecks and pensioners because big stars are hard to handle.

The Pensioners paid an eye - watering # 31m for the AC Milan star, the owner having become convinced that the man who was a legend in Italy and his native Ukraine would help his side to Champions League glory.

«There is that great argument that we need to have kids so that we can have a tax base so we can pay for you when you become pensioners,» says Roger Kingkade, a radio DJ in Calgary.

So at a time when the public services that pensioners and others rely on are under strain, it can no longer be a priority to continue paying the winter fuel allowance to the wealthiest pensioners.

The government has stepped over that mark - the switch is nothing but a cynical, multi-million pound raid on pensioners to pay down a deficit they did nothing to cause.

At that time, and when the pattern of pensioner incomes was different to today, we paid pay it to all pensioners.

# 65 billion in cuts or tax increases will be needed if the UK is to pay for its pensioners in 50 years» time, the Office for Budget Responsibility has warned.

By our calculations, Osun state pensioners alone got at least, N1, 539,227,442.75 out of the N14.2 billion paid to active and passive workers in the last two weeks as arrears of 4 months salaries and pensions excluding what the local government pensioners were paid for the same period.»

And in tough times it can not be a priority to continue paying the winter fuel allowance to the richest five per cent of pensioners.

If you look at the pensioner population half of them are too poor to pay income tax.

It may be that something's skewing it; a large number of asset - rich but income - poor pensioners, or people in long - term residential care who are paying VAT on home fees though getting it reimbursed.

Well - off pensioners should face cuts to their winter fuel allowance to help pay for «catastrophic» care costs, a former Liberal Democrat minister has said.

So, for example, a pensioner who has lived in a house since May 1970, moved into a care home in May 2007 and sold in May 2010 would only pay CGT on 1 / 444th of that capital gain.

Statistics from PTAD showed that during the three month period, N2.21 bn was paid in January to 111,525 civil service pensioners and 219 retired permanent secretaries and head of service; N2.2 bn was paid in February to 111,507 civil service pensioners and 218 retired permanent secretaries while N2.2 bn was paid in March to 111, 484 civil service pensioners.

He told the newspaper that the Conservatives would soon announce proposals to reduce National Insurance contributions, to cut the rate of tax paid on savings and to raise the threshold at which pensioners pay taxes.

If pensioners in work did pay national insurance, it could be used to provide extra funding for the NHS, something the older generations would be more likely to benefit from.

So Conference, at a time when the public services that pensioners rely on are under such pressure, we can not continue paying the winter fuel allowance to the richest five per cent of pensioners.

SSNIT also believes the 18 % increase is realistic as this will help sustain the fund into the future and enable the scheme to increase and pay the pensions of pensioners every year.

At a keynote speech at Age UK's conference two weeks ago, work and pensions secretary Iain Duncan Smith outlined his key principles for pension reform, with a focus on the next generation of pensioners and making it pay for current workers to save for retirement.

:: 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

Cutting the highest rate of income tax, lowering business taxes and shifting the balance of tax between low - paid workers and pensioners are all bound to be controversial.

Adelugba held that all pensioners have been paid their pension up to May, 2017 in line with the approved schedules, citing a reflection of the Memorandum of Understanding / Agreement signed by both government and Labour of which NUP was not left out.

The organization asked Obaseki to «spend the Paris Club refunds to pay all outstanding pension benefits within 14 days of the receipt and / or publication of this letter, failing which SERAP will institute appropriate international and regional legal proceedings to compel your state to discharge its constitutional and international human rights obligations to Edo pensioners.

You seem to think that people who do not earn - pensioners, disabled people and so on, should be refused enough to live on so as to «make work pay».

Of course there are technical differences between NI and income tax (the way it affects the self - employed, or isn't paid by pensioners, or is paid by people on lower pay than income tax is) and in theory they could contribute to the difference.

What then is the justification if pensioners are not paid while somebody who spends four or eight years gets an automatic entitlement that runs into property worth N200m or N100m?

Mr Livingstone said: «Boris Johnson's Tory tax cut for millionaires is being paid for by 400,000 ordinary London pensioners.

«The political leaders of Kogi State and the APC stakeholders have resolved unequivocally to give 4 weeks ultimatum to Governor Yahaya Bello, to reconcile the ongoing staff audit in the state with the realities on ground, pay our civil servants, the pensioners and others,» APC said.

On the alleged failure to pay state workers and pensioners, the party was furious with the Governor, stressing that such act has made the people of Kogi to start disliking the APC.

Alternatively he can say that he has had to change his position and is doing so for the great moral purpose of helping the low paid into work and to ensure better targeting of scarce resources on the very neediest, including poor pensioners.

The state chapter of the PDP added that, under Fayemi, pensioners and civil servants are subjected to poverty and penury since the government will not pay them salary arrears, with deductions to their co-operative societies being owed up to five months.

«Look at the massive expansion in apprenticeships pioneered by the Liberal Democrats since then, look at the huge cash increase for everybody on the state pension because of Steve Webb's Liberal Democrat reforms on pensioners, look at the way toddlers in schools now get a healthy meal at lunchtime because of what the Liberal Democrats have done and look at the way in which millions of working people in this country have received because of the Liberal Democrat flagship policy of raising the point at which you start paying income tax.

The Business Secretary also claims that David Cameron will seek to scrap or reduce the winter fuel allowance paid to pensioners from next year.

«Families and pensioners are struggling with the demands of yet another council tax rise, and councils owe it to them to cut back on executive pay hikes,» he said.

Yet I've been deemed fit to work so I think the labour party should look at why Freud and Purnell delivered an ESA and WCA medical so bad it has caused massive concern to disabled, people, why is it labour has hit the poorest in society, Blair gave the pensioners a 75 p pension rise while delivering a 60 % pay rise and pension rise and expenseses rise to MP's.