Sentences with phrase «pension contribution costs»

Complicating the situation for 2011 will be the increased pension contribution costs.

The limit on property tax hikes is 2 percent or the rate of inflation, whichever is lower, and includes some exceptions for municipalities with high litigation or pension contribution costs, or for staying under the cap before.

Not exact matches

Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.

Retirees are facing problems very similar to the average pension fund: In addition to not having enough cash contributions to keep up with the costs of aging, their returns have been hurt by interest rates that have been too low for too long.

Cumulative employer contributions in excess of accrued net pension cost for plans based in the company's home country.

Total compensation per employee consists of many different elements, including not only negotiated / imposed wage settlements, bracket creep (employees moving up within their pay range), composition of employment (professional vs clerical), pay equity, pension and other future employee benefit costs driven in part by market conditions, Canada and Quebec Pension Plan contributions (which increase by the annual increase in the industrial wage), among pension and other future employee benefit costs driven in part by market conditions, Canada and Quebec Pension Plan contributions (which increase by the annual increase in the industrial wage), among Pension Plan contributions (which increase by the annual increase in the industrial wage), among others.

The 401 (k) was originally developed as a supplement to traditional defined - contribution (pension) plans, but company cost - cutting over the years means that the 401 (k) has become one of the primary ways Americans save for retirement.

Benefits have also been trimmed in recent years by switching from defined contribution pensions to 401 (k) s and increasing employee contributions to health care costs.

Speaking at a public meeting in which the Park District's $ 385 million budget was unveiled, Laurence Msall, president of the Civic Federation, said the tax watchdog group supported the district's restraint in not raising property taxes and increasing employee contributions to health care costs, but was troubled by the «pension holiday.»

In the 1990s, Sweden reformed its pension system away from an expensive defined - benefit system to a defined - contribution system in order to contain costs amid concerns that the former system would be unsustainable as the population aged.

Skelos, R - Nassau County, reiterated that his conference wanted some sort of cost - saving for pensions this year, but said one of the more controversial proposals — a defined contribution plan — is losing steam.

Edwards has blamed Albany for much of his county's fiscal woes, noting everything from Medicaid costs to state pension fund contributions are going up.

Pension costs attributable to pension contribution rate increases of more than two percentage points in a given year are not subject to the new property tPension costs attributable to pension contribution rate increases of more than two percentage points in a given year are not subject to the new property tpension contribution rate increases of more than two percentage points in a given year are not subject to the new property tax cap.

Astorino will also propose that new lawmakers be required to join a «defined contribution plan,» as opposed to the current «defined benefit plan,» for future pension benefits, a move that will reduce the state's long - term pension costs.

But taxpayer costs would have to be much higher if pension contributions were based on the much more conservative rules applied to private funds.

Teachers are already paying higher pension contributions: new joiners must already wait till 65 for their pensions, and a cost - capping agreement means that employer contributions are already limited to 14 per cent, similar to the average private sector employer contributions.

Managers earning over # 50,000 cost councils # 1.9 billion, while over # 4.3 billion on employer pension contributions.

Maragos is not a politician but a common sense experienced business leader who has stabilized Nassau County finances, without a property tax increase while coping with 30 % increase in Health Care Costs and 60 % increase in pension contributions.

The pension liabilities for New York state and New York City have been kept in check over the years by hiking contributions, but increasing costs could place pressure on future budgets, according to report released this week by Moody's.

The # 110bn cost of the plan would be paid for by the abolition of pension credits and of tax relief on pension contributions.

About 45,000 of the telecom giant's workers, represented by the Communications Workers of America and the International Brotherhood of Electrical Workers, walked off the job on Aug. 7 in protest against Draconian concessions demanded by the highly profitable company, including eliminating pensions for new hires; slashing paid sick time and holidays; and increasing employees» contributions to their health care costs.

The authority and the workers are fighting over differences in base pay, health care costs and contributions to pensions for future workers.

The Comptroller shall review all revenue estimates and expenditure estimates for Medicaid, public assistance and pension contributions and health care insurance costs for County employees to be used in the proposed tentative budget prepared by the County Executive and submit to the Legislature in writing by the 15th of October a report indicating whether or not such estimates are suitable estimates for the upcoming fiscal year.

A minimum step would be to implement a new tier (VI) of the current pension system model which reinstates the employee contribution of 3 percent, lengthens the number of years of service required to reach maximum benefit levels, and makes other changes to limit the cost of the benefits to be provided.

On or before the 1st day of October the County Executive shall submit to the Comptroller all revenue estimates and expenditure estimates for Medicaid, public assistance, and pension contributions and health care insurance costs for County employees to be used in the proposed budget.

We need repeal of union give - aways like the Triborough Amendment which rigs union contracts and benefits, repeal of the Wicks Law which raises public construction costs, reform of binding arbitration rules affecting police and fire contracts, and movement toward defined contribution pension plans for public employees.»

Governor Cuomo implemented a number of cost - saving programs early in his tenure, including the Global Medicaid Cap, a new pension tier, and a negotiated increase in employee health insurance contributions.

«If in fact the comptroller, who is the fiduciary of the pension system, can see a way clear to do something on those costs — I know that is his intent is to reduce those contributions — and if he can come up with something good, I can support it.

The pension costs for the state's nearly 700 school districts will decline by 11.6 percent next year, the second year in a row contribution rates have fallen.

We have created a new and transparent scheme of business costs and expenses, introduced a less generous pension scheme, where taxpayers contribute less and MPs make a higher contribution, and scrapped large resettlement payments.

The authority's finances improved this year with almost a $ 500 million increase in tax revenues, and costs such as energy, debt service and pension contributions have decreased.

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 # 100,000 a year.

All three towns had seen revenue such as the mortgage recording taxes drop sharply with the financial crisis of 2008 at the same time that municipal costs, including pension contributions, went up.

Fitzpatrick said one way to reduce pension costs — and thus, school taxes — would be to establish defined - contribution pension plans similar to the 401 (k) for newly hired teachers.

The feeling was that if we talk about doing mandate relief [defraying costs the state dictates to the town, like pension contributions], and people aren't feeling the reality of the recession and economic scarcity, they won't want to talk about changing the way they do business.

The largest of these was a $ 7.7 million fund, set aside for contributions to workers» pension costs.

Auditors found that Plainedge spent an average $ 1.2 million annually on costs such as contributions to workers» pensions.

«Achieving these lapse — or savings — targets will be a significant budgetary challenge, especially in light of the high levels of fixed costs for FY 2018, such as debt service payments, pension contributions and other costs.»

The amounts listed in the report DO NOT include fringe benefits such as health insurance or employer pension contributions, which can add 35 percent or more to the cost for taxpayers.

Walker wants state workers to make a 5 percent contribution to their pensions and increase their share of health care costs to 12 percent, up from between 4 percent and 6 percent currently.

The SFCA says the sector has suffered three funding cuts since 2011 and has also had to contend with rising costs in increased employer contributions to pensions and national insurance schemes.

We're very concerned, the existing [pension contribution] increase has already put enormous pressure on schools and directly goes on to pay roll costs.

Schools face significant cost pressures from rising pupil numbers, increased employer pension and National Insurance contributions and potential upward pressure on wages.»

This means that contributions include both the «normal cost» of pension liabilities accruing to current employees and the legacy costs of amortizing unfunded liabilities accrued previously (due to a variety of reasons, including the original pay - as - you go nature of most plans, as well as unfunded benefit enhancements over the years).

«ASCL urges the STRB to press the DfE to fully fund pay rises so that the government meets the additional costs rather than again expecting them to be met from existing school budgets which are already under huge pressure because of unfunded increases to employers» contributions to teacher pensions and National Insurance costs.»

Thus, in Figure 1, the pension wealth curve would coincide with the contributions curve depicted, for a fiscally equivalent plan, or with a lower curve if costs are to be reduced.

This does not include contributions to Social Security, the costs of retiree health benefits, or the pension contributions of the school employees themselves.

A natural measure of the rise in costs is the rise in real per pupil expenditures for employer pension contributions.

For the public schools, this cost is almost entirely contributions to defined benefit pensions.

After we pointed out that ECEC - style data on annual contributions to public pension plans are a dramatic underestimate of pension costs, most of the pay comparison literature followed our lead in applying some kind of correction.