Sentences with phrase «pension benefits when»

The Michigan Constitution requires that governments set aside money to pay for pension benefits when they are earned by the employee.

Secretary of Labor Elizabeth H. Dole said last week that the Bush Administration is considering ways to make it easier for workers to transfer pension benefits when they change employment.

Not exact matches

Not only does the process tend to punt difficult decisions to future contracts, but arbitrators often prove sympathetic to union positions, as recently happened when Air Canada flight attendants won a pension that blends elements of the defined benefits and defined contributions models.

Had 401 (k) s existed when I began my career and had I been able to max out on contributions, the value of my retirement benefits and pensions would likely have exceeded the proposed limit.

Both of our jobs currently have defined benefit pension plans in place, both of which we are vested in — I don't put a dollar figure on those but figure those will provide 3k to 4k in retirement income when we retire, depending upon when we retire and then when we choose to draw it.

How much risk you can afford to take with your investment portfolio during retirement, or when approaching it, depends on your cash flow from available income streams — such as pensions, Social Security benefits or annuities — and doing a thorough cash - flow analysis is paramount.

For those in Corporate America, when that spending is devoted to mergers and acquisitions, it can result in a much larger domain and all that comes with it, usually stock options, restricted stock, higher salary, bonuses, pension benefits, and, perhaps, even a golden parachute.

Quite by chance, a supplier told Xu about IBEW and when he learned that unionized electricians were earning almost three times as much as he was — with benefits, a generous pension plan and an Employment Insurance top - up when they were between jobs, he was anxious to join.

In 1978, when the law authorizing the creation of the 401 (k) was passed, employers commonly attracted and retained talent by offering a secure retirement through a pension (a type of a defined benefit plan).

The days are gone when family breadwinners could expect to work for one employer throughout their entire career, retire on generous defined benefit pensions provided by that employer, with the comfort of knowing that expenses in their golden years would be securely funded by the deep pockets of government.

Saunders, the president of the Vancouver and District Labour Council, says that Canadian workers and their pensions are more exposed to risk during market trouble because of the successful campaign over the past decades to move from defined benefit pensions, which guarantee a certain monthly amount when you retire, to defined contribution plans, promoted by market enthusiasts.

When the process has run its course, they threaten their work force with bankruptcy that will wipe out its pension benefits if employees do not agree to «downsize» their claims and replace defined - benefit plans with defined - contribution plans (in which all that employees know is how much they pay in each month, not what they will get in the end).

Pension benefits are a major factor for most workers in North America when deciding whether to accept a job, according to results of an Accenture survey.

What we need to do is to estimate our retirement income, and decide when we should start our Canada Pension Plan benefits.»

Not surprisingly, pensions are also important when it comes to retaining employees, as nearly three - quarters (73 per cent) of respondents said they stayed with an employer due to pension benefits.

While they have faced considerable instability of late, pension benefits are still a major factor for many employees when deciding whether to accept a job.

The government has said the expanded Canada Pension Plan (CPP) will help smaller firms compete with larger counterparts because there won't be as big a gap when it comes to pension benefits, saidPension Plan (CPP) will help smaller firms compete with larger counterparts because there won't be as big a gap when it comes to pension benefits, saidpension benefits, said Kelly.

The decline in GM's pension liability could be even more significant when considering the low discount rate, just 3.5 %, it uses to measure its projected benefit obligations.

That shortfall is not serious and would disappear when she starts to receive Canada Pension Plan and Old Age Security benefits.

That was a major turnaround from the fourth quarter of 2012, when Verizon reported a severance, pension and benefit loss of $ 7.2 billion pretax, or $ 1.55 a share after taxes, that weighed down its earnings.

Among them are the rights to: bullet joint parenting; bullet joint adoption; bullet joint foster care, custody, and visitation (including non-biological parents); bullet status as next - of - kin for hospital visits and medical decisions where one partner is too ill to be competent; bullet joint insurance policies for home, auto and health; bullet dissolution and divorce protections such as community property and child support; bullet immigration and residency for partners from other countries; bullet inheritance automatically in the absence of a will; bullet joint leases with automatic renewal rights in the event one partner dies or leaves the house or apartment; bullet inheritance of jointly - owned real and personal property through the right of survivorship (which avoids the time and expense and taxes in probate); bullet benefits such as annuities, pension plans, Social Security, and Medicare; bullet spousal exemptions to property tax increases upon the death of one partner who is a co-owner of the home; bullet veterans» discounts on medical care, education, and home loans; joint filing of tax returns; bullet joint filing of customs claims when traveling; bullet wrongful death benefits for a surviving partner and children; bullet bereavement or sick leave to care for a partner or child; bullet decision - making power with respect to whether a deceased partner will be cremated or not and where to bury him or her; bullet crime victims» recovery benefits; bullet loss of consortium tort benefits; bullet domestic violence protection orders; bullet judicial protections and evidentiary immunity; bullet and more...

When they can no longer pay salaries, benefits and pensions?

But when you show that the vast majority of this budget is allocated to pensions not benefit fraud, and that by putting no money there you're essentially signing up to work for the rest of your life, murmurs of «well maybe we'll put something there» start to be heard.

The Department for Work and Pensions (DWP) used the case of Jayson and Charlotte Carmichael, who successfully challenged the bedroom tax at the Supreme Court, to prevent other people from relying on the Human Rights Act when appealing against benefits decisions at the first tier tribunal.

«The Department of Work and Pensions has a long track record of misusing statistics when it comes to the benefits system, and it's clear this was a tactic to vindicate further welfare cuts,» Parkinson's UK policy advisor Donna O'Brien said.

It will allow DB pension funds far more freedom when carrying out their valuations, which will inevitably mean that defined benefit pension schemes will be better able to ride out these unprecedented economic circumstances.

Another battle between the governor and unions brewed on Wednesday, when a report commissioned by Cuomo recommended creating a sixth and less costly tier of pension benefits for new hires.

When he had the chance to increase disability benefits three years ago, as part of his 2012 legislation to create a new pension tier called «Tier VI,» he instead maintained cuts that were put in place during the economic downturn in 2009 by his predecessor, David Paterson.

The Mott's workers have been on strike since May 23 when the company implemented their final offer cutting wages by $ 1.50 an hour for all employees and cutting benefits including freezing pensions for all current employees and eliminating pensions for future employees.

«What do the Conservatives stand for when they criticise Labour's child poverty record, but admit that benefits and pensions will bear the full brunt of their cuts?»

Only by agreeing to such a one - third reduction in the benefits of our generous pension scheme, can MPs look the rest of the public sector in the eye when asking for similar sacrifice and restraint.

Sen. Tom Duane added that Gov. Cuomo's support is crucial for a bill's passage, observing that the governor's track record on marriage reform and pension benefits is clear evidence that «when he puts his mind to something, he can win.»

-LSB-...] Rockland County Legislator Ed Day is sponsoring two resolutions that, if passed, would strip elected officials of pension and retirement benefits when an official is convicted of any felony offense against public administration while holding elective [cont] ED DAY SAYS CORRUPT POLITICOS SHOULD LOSE STATE PENSIONSRockland County TimesRockland County Legislator Ed Day is sponsoring two resolutions that, if passed, would strip elected officials of pension and retirement benefits when an official is convicted of any felony offense against public administration while holding elective [cont] Original source -LSB-...]

Malloy said Connecticut's pension fund system is broken, and, if nothing changes, in the year 2032 the state will have to pay $ 13 billion dollars in retirement benefits when it reaches what Malloy called «a fiscal cliff.»

PRESS RELEASE FROM LEGISLATOR AND COUNTY EXECUTIVE CANDIDATE ED DAY Rockland County Legislator Ed Day is sponsoring two resolutions that, if passed, would strip elected officials of pension and retirement benefits when an official is convicted of any felony offense against public administration while holding elective office.

Rockland County Legislator Ed Day is sponsoring two resolutions that, if passed, would strip elected officials of pension and retirement benefits when an official is convicted of any felony offense against public administration while holding elective office.

Shadow work and pensions secretary Philip Hammond called for the new ways of collecting maintenance, and plans to increase the level of benefits which are disregarded when calculating maintenance - to # 10 - to be introduced immediately.

Rather than cost - of - living measures, retirees benefit from exceptional stock market gains and face lower pensions when investments decline.

The governor was criticized for using messages of necessity, long a staple of backroom deal - making at the Capitol, when he brokered agreements to reduce pension benefits for new public employees and change legislative district lines.

The party is planning to campaign against the CGT cuts in the coming weeks to apply more pressure on the chancellor following Iain Duncan Smith's shock resignation as work and pensions secretary, when he branded Osborne's budget «deeply unfair», triggering the scrapping of the disability benefit cuts.

The already intense pressure on a shrinking network of jobcentres will increase further in 2019 when the Department for Work and Pensions (DWP) will begin moving millions of existing benefit claimants onto Universal Credit.

When Class 2 NICs are abolished, those with profits below the small profits threshold (currently # 6,025) will have to pay Class 3 contributions, which are five times as much as Class 2 contributions, if they want to build up an entitlement to contributory benefits such as the state retirement pension.

We want to reassure pensioners claiming housing benefit that they will not be affected by this policy now, or when Universal Credit begins, even if one partner is below pension age.

That this House declines to give a Second Reading to the Welfare Benefits Up - rating Bill because it fails to address the reasons why the cost of benefits is exceeding the Government's plans; notes that the Resolution Foundation has calculated that 68 per cent of households affected by these measures are in work and that figures from the Institute for Fiscal Studies show that all the measures announced in the Autumn Statement, including those in the Bill, will mean a single - earner family with children on average will be # 534 worse off by 2015; further notes that the Bill does not include anything to remedy the deficiencies in the Government's work programme or the slipped timetable for universal credit; believes that a comprehensive plan to reduce the benefits bill must include measures to create economic growth and help the 129,400 adults over the age of 25 out of work for 24 months or more, but that the Bill does not do so; further believes that the Bill should introduce a compulsory jobs guarantee, which would give long - term unemployed adults a job they would have to take up or lose benefits, funded by limiting tax relief on pension contributions for people earning over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate of income tax is being reduced, which will result in those earning over a million pounds per year receiving an average tax cut of over # 100,000Benefits Up - rating Bill because it fails to address the reasons why the cost of benefits is exceeding the Government's plans; notes that the Resolution Foundation has calculated that 68 per cent of households affected by these measures are in work and that figures from the Institute for Fiscal Studies show that all the measures announced in the Autumn Statement, including those in the Bill, will mean a single - earner family with children on average will be # 534 worse off by 2015; further notes that the Bill does not include anything to remedy the deficiencies in the Government's work programme or the slipped timetable for universal credit; believes that a comprehensive plan to reduce the benefits bill must include measures to create economic growth and help the 129,400 adults over the age of 25 out of work for 24 months or more, but that the Bill does not do so; further believes that the Bill should introduce a compulsory jobs guarantee, which would give long - term unemployed adults a job they would have to take up or lose benefits, funded by limiting tax relief on pension contributions for people earning over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate of income tax is being reduced, which will result in those earning over a million pounds per year receiving an average tax cut of over # 100,000benefits is exceeding the Government's plans; notes that the Resolution Foundation has calculated that 68 per cent of households affected by these measures are in work and that figures from the Institute for Fiscal Studies show that all the measures announced in the Autumn Statement, including those in the Bill, will mean a single - earner family with children on average will be # 534 worse off by 2015; further notes that the Bill does not include anything to remedy the deficiencies in the Government's work programme or the slipped timetable for universal credit; believes that a comprehensive plan to reduce the benefits bill must include measures to create economic growth and help the 129,400 adults over the age of 25 out of work for 24 months or more, but that the Bill does not do so; further believes that the Bill should introduce a compulsory jobs guarantee, which would give long - term unemployed adults a job they would have to take up or lose benefits, funded by limiting tax relief on pension contributions for people earning over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate of income tax is being reduced, which will result in those earning over a million pounds per year receiving an average tax cut of over # 100,000benefits bill must include measures to create economic growth and help the 129,400 adults over the age of 25 out of work for 24 months or more, but that the Bill does not do so; further believes that the Bill should introduce a compulsory jobs guarantee, which would give long - term unemployed adults a job they would have to take up or lose benefits, funded by limiting tax relief on pension contributions for people earning over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate of income tax is being reduced, which will result in those earning over a million pounds per year receiving an average tax cut of over # 100,000benefits, funded by limiting tax relief on pension contributions for people earning over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate of income tax is being reduced, which will result in those earning over a million pounds per year receiving an average tax cut of over # 100,000 a year.

Year after year, New York is among the most generous when it comes to Medicaid benefits, school spending, employee salaries and pensions, caring for the poor and distributing grants and business incentives.

Mr Blair's approach to tax was forged in 1992, when John Smith's shadow budget, which involved increasing taxes to pay for higher pensions and child benefit, was blamed for the party's election defeat.

The work and pensions secretary released the figures ahead of next week's upratings bill is debated in the Commons, when MPs will vote on the government's plans to put the brakes on future benefits increases.

«Pension scheme deficits also play a part: people currently at work not only have their salaries affected, but are also extremely unlikely to enjoy the same retirement benefits as their colleagues who retired in the past, even when accounting for an increasing life - expectancy.

She needed her Social Security benefits and Screen Actors Guild pension, and when she went to apply for her Directors Guild pension, she «had to prove her [directing] credits, even though she was the most prolific female director of her generation,» Anderson said.

Laurel (Julianne) is a longtime Ocean County detective in New Jersey, who, when she gets stage IV cancer, fights to give her pension benefits to her few decades younger partner Stacie.