Sentences with phrase «pension contribution rates»

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 tax cap.

In order to pay down the current debt, the state increased pension contribution rates which are deducted from a teacher's paycheck.

Pension contribution rate increases were expected, another reminder of the stock market decline centered in 2008.

The stable pension contribution rate for local governments and schools, submitted as part of the Executive Budget, will provide a new tool for local governments to access the long - term savings from Tier VI and have greater predictability in their fiscal planning.

In recent years, Comptroller Tom DiNapoli has sought to reduce overall pension contribution rates for local governments and taxing districts, which are squeezed amid a cap on property tax increases.

DiNapoli's pension «amortization» plan, which also is open to local governments, has capped the growth in pension contribution rates at one percentage point of salary base per year since 2010.

«For the third year in a row, there will be a decline in pension contribution rates as a result of solid investment returns,» DiNapoli said.

«There is no quick fix to addressing rising pension contribution rates driven by the financial market meltdown in 2008 - 09.

Pennsylvania's pension contribution rates look like a roller coaster.

I also modeled two different defined contribution plans, one using Iowa's current teacher pension contribution rates, and the other using the same contribution rates as Iowa offers to its state university employees.

We applaud many of his proposals, including allowing counties to extend their sales tax authority without Legislative approval, providing a means to access the savings of Tier VI now with locked - in, stable pension contribution rates and a precondition for extending bindnig arbitration that keeps compensation packages in line with the current fiscal realities.»

«After three years of rate reductions, pension contribution rates will remain stable for our participating employers in the near - term,» DiNapoli said.

In order to pay down the current debt, the state increased pension contribution rates that are deducted from a teacher's paycheck.

In other words, over a 10 - year period, the district's pension contributions rates will double.