The roots of the case date from 2010, when the coalition government allowed pension schemes to move from RPI to CPI, which is cheaper and widely considered to be more accurate, for
pension cost of living increases.
Not exact matches
Rising housing prices raise the
cost of living, while rising stock and bond prices
increase the
cost of buying a retirement income — leaving
pension funds unable to make good on their promises.
And this situation is becoming worse as
pensions are rapidly becoming a thing
of the past,
life expectancies along with accompanying health care
costs are
increasing, and even social security is facing a crisis point.
Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to,
increased competition; the Company's ability to maintain, extend and expand its reputation and brand image; the Company's ability to differentiate its products from other brands; the consolidation
of retail customers; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue growth in its key product categories,
increase its market share, or add products; an impairment
of the carrying value
of goodwill or other indefinite -
lived intangible assets; volatility in commodity, energy and other input
costs; changes in the Company's management team or other key personnel; the Company's inability to realize the anticipated benefits from the Company's
cost savings initiatives; changes in relationships with significant customers and suppliers; execution
of the Company's international expansion strategy; changes in laws and regulations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; failure to successfully integrate the Company; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions in the nations in which the Company operates; the volatility
of capital markets;
increased pension, labor and people - related expenses; volatility in the market value
of all or a portion
of the derivatives that the Company uses; exchange rate fluctuations; disruptions in information technology networks and systems; the Company's inability to protect intellectual property rights; impacts
of natural events in the locations in which the Company or its customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's dividend payments on its Series A Preferred Stock; tax law changes or interpretations; pricing actions; and other factors.
Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to, operating in a highly competitive industry; changes in the retail landscape or the loss
of key retail customers; the Company's ability to maintain, extend and expand its reputation and brand image; the impacts
of the Company's international operations; the Company's ability to leverage its brand value; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue growth in its key product categories,
increase its market share, or add products; an impairment
of the carrying value
of goodwill or other indefinite -
lived intangible assets; volatility in commodity, energy and other input
costs; changes in the Company's management team or other key personnel; the Company's ability to realize the anticipated benefits from its
cost savings initiatives; changes in relationships with significant customers and suppliers; the execution
of the Company's international expansion strategy; tax law changes or interpretations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions in the United States and in various other nations in which we operate; the volatility
of capital markets;
increased pension, labor and people - related expenses; volatility in the market value
of all or a portion
of the derivatives we use; exchange rate fluctuations; risks associated with information technology and systems, including service interruptions, misappropriation
of data or breaches
of security; the Company's ability to protect intellectual property rights; impacts
of natural events in the locations in which we or the Company's customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's ownership structure; the impact
of future sales
of its common stock in the public markets; the Company's ability to continue to pay a regular dividend; changes in laws and regulations; restatements
of the Company's consolidated financial statements; and other factors.
Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to,
increased competition; the Company's ability to maintain, extend and expand its reputation and brand image; the Company's ability to differentiate its products from other brands; the consolidation
of retail customers; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue growth in its key product categories,
increase its market share or add products; an impairment
of the carrying value
of goodwill or other indefinite -
lived intangible assets; volatility in commodity, energy and other input
costs; changes in the Company's management team or other key personnel; the Company's inability to realize the anticipated benefits from the Company's
cost savings initiatives; changes in relationships with significant customers and suppliers; execution
of the Company's international expansion strategy; changes in laws and regulations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; failure to successfully integrate the business and operations
of the Company in the expected time frame; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions in the nations in which the Company operates; the volatility
of capital markets;
increased pension, labor and people - related expenses; volatility in the market value
of all or a portion
of the derivatives that the Company uses; exchange rate fluctuations; risks associated with information technology and systems, including service interruptions, misappropriation
of data or breaches
of security; the Company's inability to protect intellectual property rights; impacts
of natural events in the locations in which the Company or its customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; tax law changes or interpretations; and other factors.
The mayor unveiled a $ 47 million proposed bill that would call for Albany to
increase disability benefits
of «uniformed» public employees hired after 2009 by changing the payment formula, boosting
cost -
of -
living adjustments and ending the policy
of subtracting the workers» Social Security earnings from their
pension checks.
Legislators in Colorado, Minnesota and South Dakota earlier this year voted to limit
cost -
of -
living increases previously promised in their
pension systems.
A fight over disability
pension benefits escalated on Friday, with the de Blasio administration defending its proposal and police and fire unions and members
of the City Council claiming it short - changes uniformed workers, forcing them to choose between a better line -
of - duty
pension or a higher
cost -
of -
living increase after retirement.
House lawmakers in Illinois have passed the first step toward significant reform
of the state's woefully underfunded
pension system, but the controversial move would limit
cost -
of -
living increases.
Annual staff pay rises,
increases in national insurance and
pension contributions, the introduction
of the national
living wage and apprenticeship levy, and new qualifications that needed new resources, had also
increased costs, said the letter.
All this before we consider the
cost pressures facing schools during the next comprehensive review period:
increased national insurance and
pension contributions,
cost of living increases, incremental drift, reduction in post-16 academic programmes, reductions to education services grant funding for academies.
Given that at least 6,006 Second City teachers — or one - fifth
of employees covered by the
pension — will retire in the next decade, Emanuel will have to do more than just freeze
cost -
of -
living increases for pensioners
of this and those drawing off the rest
of the city's annuity funds.
Part
of the frustration from school leaders is that their
costs have been rising because
of actions taken by the government — rising national insurance contributions,
increasing pension costs, the national
living wage and, from April, the apprenticeship levy.
In these hard economic times, too many Metro Vancouver, Fraser Valley, Lower Mainland people, and British Columbians who
lived free
of financial crisis until now, find themselves facing the shame
of debt they can not repay after taking out too much easy credit just to
live, pay for necessities such as housing, food, medicine, etc., a reflection
of our ever growing senior and minimum wage population funded with insufficient
pensions and facing rising
living costs without corresponding
increase in earnings.
Post-employment benefit
increases — or
cost -
of -
living adjustments known as COLAs — help to insulate retirees from the effects
of inflation and are an important feature
of most state and local government
pension plans.
While it's important not to overstate the case — again, improved health care can be a double - edged sword, if people are able to
live longer because
of it but at greater financial
cost — one way to interpret this study is that if more people are not economically old, that is they are still contributing to society on their own and not collecting
pension or requiring
increased health care, there is less burden on falling population levels from an otherwise aging population.
With potential
cost implications from areas such as the government's new Apprenticeship Levy,
pension Auto Enrolment, the National
Living Wage and business rate assessments, firms will need to maintain control
of expenditure if profitability is to be
increased.
If
increasing state
pension age is just about
cost saving, then the government should acknowledge this — as things stand, this ignores the wider conversation that needs to be had around different ways to manage the implications
of people
living longer, and guaranteeing that the jobs market and social infrastructure is in place to ensure that people in old age get adequate support.
Misled by fears
of an unfunded liability, the NDP government which followed began cutting
cost of living adjustments under the Friedland formula (Bill 165) though did
increase pension supplements for unemployed injured workers.
With little access to information and inadequate disability
pensions, workers and their families knew that as hard - working, honest employees they deserved better: being treated with respect and dignity, job security or full compensation, annual
cost of living increases, the right to diagnosis and treatment by their own doctors, and adequate safety protection.
The background to the changes, Sales J said, was the «growing
cost of pension provision as
life expectation
increases... constraints upon the public finances in current circumstances and a desire on the part
of the government to reduce the
costs of redundancy through restructuring
of government departments».
Many
of the
pension plan limitations will change for 2015 because the
increase in the
cost -
of -
living index met the statutory thresholds that trigger their adjustment.