Sentences with phrase «pay retirees»

As long as the employer is operating, it is legally obligated to make up for any shortfalls needed to pay retirees.

Virtually all of the contributions made by current teachers go to pay retirees because the system will be bankrupt next year.

Collectively, the gap between what states have saved for teacher pensions and what they have promised to pay retirees totals almost $ 500 billion.

We have exceptionally expensive benefit systems that mean a big chunk of school funding is going to pay retirees rather than today's teachers.

«We have to pay retirees come hell or high water.»

«A rush for safe - haven bonds around the world has sent the yields on sovereign bonds through the floor — meaning a fall in the regular income that pension funds use to pay their retirees their defined benefits, sometimes known as final salary pensions.

Selling off stocks to pay retirees creates an outflow of funds from the stock market that reverses the initial price run - up.

After gradual progress rebuilding the funds they need to pay retirees, the average private...

From 2011 through 2017, Mr. Blumenthal was a Trustee of, and Chair of the Investment Committee of the UAW Retiree Medical Benefits Trust, a $ 60 billion fund that pays retiree health benefits for over 700,000 UAW employees of Ford, Chrysler and General Motors.

Without the waiver, a government can only pay the retiree a maximum of $ 30,000 annually.

«I wouldn't actually pay the retiree their pension until they reach [full] retirement age.»

In their contingency plan, L.A. Unified officials propose two ways to cancel out the three - year $ 72.2 million deficit if no solution presents itself by 2017 - 18: zero out the planned $ 101.3 million contribution to a trust fund that pays retiree health benefits, or implement $ 102.8 million worth of the cuts an independent financial review panel recommended in November.

The highest paid retiree was the superintendent of the Commack school district, who has an annual pension of $ 325,000 (based on a final salary of over $ 655,000), the lifetime equivalent of over $ 5.5 million (a true pension millionaire).

Keep a «liquid» cushion Pension funds try to ensure they can pay retiree pensions without having to sell long - term investments under duress.

Not exact matches

More from FA Playbook: The pros, cons of paying off mortgages before retirement Swelling ranks of retirees negatively impacting returns Retirement saving remains a challenge for many women

State pension funds, facing a potential multitrillion - dollar shortfall, find themselves in the center of a four - way battle: Employees and retirees expect to be paid their promised benefits; the pension systems have clear obligations but may not have the resources to pay them; politicians are looking for ways to resolve the underfunding and balance the burden among retirees and workers; and state taxpayers, challenged to provide for their own retirements, resent the additional tax load.

Should retirees have to pay taxes on that income?

More from FA Playbook: Reports of a retirement crisis are off the mark The pros, cons of paying off mortgages before retirement Swelling ranks of retirees negatively impacting returns

In fact, Buffett likes Bridge so much that he can sometimes be found in an Omaha strip mall, paying $ 7 to play against retirees.

With a 3.77 % yield, it's perfect for income - seeking retirees who want to own stable, divided - paying large - cap companies that have the potential of generating modest capital gains.

I like to see retirees attempt to smooth their income, paying as little tax over their entire retirement, rather than just in the first few years.

Their ties are intensified by the fact that P&G pays its North American retirees» pensions primarily in company stock.

Union officials, who have vowed to fight any effort to reduce benefits to retirees and vested workers, claim the city has undermined the pension fund by outsourcing city services to workers who don't pay into the system.

For retirees who are still paying off large loans (think failed business ventures or real estate deals), a guaranteed level - premium term life policy is ideal, said Scott Simmonds, a fee - only insurance consultant in Saco, Maine.

The most radical proposal, Proposal C, would take workers» pension savings accumulated over the past 35 years and pay the money to current retirees.

A retiree medical plan allows eligible employees a more affordable way of paying the cost of medical coverage after retirement.

The judge ordered that people who were still paying could stop their payments and the retirees would be repaid nearly $ 3 million.

Whether the Fiduciary Rule and PTEs is likely to cause an increase in litigation, and an increase in the prices that investors and retirees must pay to gain access to retirement services.

However, this may not turn out to be much of an increase for many retirees — Medicare Part B premiums are set to increase, and since these are typically paid out of beneficiaries» Social Security checks, there may not be much of an increase at all.

The smaller youth base has to pay higher taxes to support older retirees.

In the next fiscal year, New Jersey's pension system will reach a «tipping point» to where it will pay more for retiree health premiums than active employees, a first in the state's history and «unsustainable,» the governor said.

Retirees investing in dividend stocks can live off the cash that their dividend - paying stocks pay.

The money that doesn't go to the employee's take - home pay gradually accumulates, the balance earns interest from investments, and by the time retirement rolls around, it's grown into a substantial nest egg for the retiree.

Both poor Venezuelan retirees and wealthy business leaders are converting their bolivars into bitcoins online and then using the digital currency to pay for everything from doctor appointments and honeymoons to motorcycles and artisanal beer.

Companies with «defined benefit plans» are obliged contractually to set aside earnings in a special fund that will generate enough interest, dividends or capital gains to be paid out to a growing number of retirees.

Retirees who would be paying $ 1,250 a month or more — $ 15,00 a year — in the U.S. for health insurance with a high deductible say that in Panama, they're paying, on average, $ 3,240 a year for coverage — and that's with a deductible of just $ 250 a year.

Workers in the United States pay a portion of their paychecks to Medicare and Social Security, some of which ends up in the pockets of retirees each month.

For instance, we can (and assuredly will) radically change social security benefits to future retirees and stop limiting the income level at which taxes are paid into the system.

Thousands of retirees (and younger folks, too) are benefiting from a higher quality of life and a lower cost of living in places overseas where even a little goes a long, long way — whether it be filling a tank of gas, getting the week's groceries, paying for health insurance, or making all the other ends of a monthly budget meet.

Of course, when it comes time for the system to begin paying out — when the number of retirees exceeds the number of new employees contributing to the system — the result will be a stock - market outflow.

Let's look at Julie and Frank, retirees who live in a state with no income tax, have paid off their home, and have limited deductions.

While retirees in many other states have to pay state income taxes on 401 (k) income, IRA income and pension income, retirees in Washington do not.

«It's clear that the dividends from being an investor are paying off for retirees fortunate enough to have savings and investments,» said Fellowes.

Whether the rule is likely to cause an increase in litigation, and an increase in the prices that investors and retirees must pay to gain access to retirement services

Pay - as - you - go system: A retirement system in which benefits for current retirees are funded by taxes on today's workers in return for the implicit promise that those workers will receive retirement benefits funded by future workers.

[2](High - income retirees pay a surcharge that can drive the monthly premium up to $ 389.80 a month.)

Waiting to save enough to buy a house before retiring is no different than a traditional retiree trying to pay off a mortgage before retirement.

Then we calculated the taxes a typical retiree would pay on that income based on the state - specific Social Security tax rules.

Financial planner Benjamin S. Offit, partner with Clear Path Advisory in Pikesville, Maryland, said it is ideal for retirees to have all debt paid off by retirement, but especially «bad debt» such as high interest credit cards.

Someone who retired in the mid-1980s will tell you that keeping all their money in shares was a no - brainer, whereas a 2008 - vintage retiree may urge you to swap everything for gold the moment you've seen your last pay slip.