Sentences with phrase «pension costs while»

Next year, we will have to come up with an additional 50 million dollars in pension costs while absorbing a 20 million dollar loss in federal assistance for Medicaid.
Many troubled municipalities are grappling with how to bring down pension costs while municipal - bond holders are trying to figure out how to protect their interests before or during a municipal insolvency.

Not exact matches

Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
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.
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.
While employers would be required to pay one half of the cost of the modest premium increase required to finance an enhanced CPP, companies which sponsor defined benefit pension plans would not face additional costs since the great majority of these plans are fully integrated, meaning that they would pay out less as CPP benefits were increased.
While GE adjusted by about 17 cents per share last year in pension - related costs, a more appropriate number moving forward is around 24 cents per share in pension adjustments, the JPMorgan analyst said.
It could do it, for example, by selling its assets, by deregulating and liberalizing its economy to revive totally uncompetitive exports (Greece is the least competitive economy in the Eurozone), or by reforming its pension system, which costs 17.5 % of the GDP, while the average pension expenditures in the Eurozone amount to the 13.8 % of the GDP.
You can add another $ 800 billion a year if you budget for future commitments, such as the future cost of pensions for our current standing military, so while the Defense appropriation is $ 640 billion, the actual cost to tax payers has been estimated at $ 1.7 trillion dollars each year — about 40 % of the annual Federal budget.
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.
My goal as County Legislator is to make a difference in the long - term financial sustainability of our community, by bringing an independent voice to our County Legislature to stop reckless spending while lobbying our State for needed reduction in healthcare cost, pension reform and mandate relief».
While acknowledging pension costs would remain high in the immediate future, the city controller suggested they would start to get better by 2016, at which point Liu himself could be in power at City Hall.
And while he finds it to be fiscally sound and applauds the plan for closing the out year budget gaps, he takes issue with the Governor's Tier VI pension proposal, saying it «does not provide for cost of implementation» while also suggesting Cuomo's budget would «would reduce long - established checks and balances.»
Towns with deep pockets can hire more teachers and pay them better all while the state picks up the pension costs.
While every little bit helps, what's really busting municipal and school district budgets are employee health care costs and pension obligations.
The battle comes after the Cuomo administration has been pressured to help counties more on costs mandated by Albany, an area where the governor's office insists it's already done the hard work, taking on the costs for the growth in the program while also pushing through a new, less generous pension tier five years ago.
Our Karen DeWitt asked the Assembly leader if he was in favor of the «pension smoothing» plan outlined by the governor that will allow local governments to lock in a rate now to reduce current payments while defering a portion of the costs down the road.
And while the tax cap has exemptions for higher pension costs and other unique expenses, advocates say that's not enough.
Still, while the City of Corning is thriving compared to many others in the Southern Tier, it's not immune to the economic pressures facing local governments across upstate: a stagnant tax base, rising pension costs and a limited ability to increase revenues due to the state property tax cap.
The report this week by the nonpartisan Office of Budget Review said sales tax revenue is expected to come in $ 23 million over budget, while the county deferred $ 57.6 million in pension costs.
Still, Cuomo remains proud of the property tax relief enacted under his administration, including the property tax cap that, while good for taxpayers, has left some local governments and school districts scrambling to constrain spending despite rising health care and pension costs.
«While we still have much work to do to address the high costs of pensions and healthcare, the main drivers of expense to local governments, this year's executive budget keeps our funding for cities stable and begins smart investments into infrastructure and education which will pay long term dividends to all New Yorkers,» Miner said.
While governments generally favor higher birth rates to maintain the workforce and tax base needed to fund pensions, health care and other benefits for the elderly, it is typically families that bear the brunt of the cost of having children, the study found.
In other words, while an early retirement program reduces teacher salary costs, it still can cost the state money through higher pension payments.
The title of one of the reports, «Rhode Island's New Hybrid Pension Plan Will Cost the State More While Reducing Retiree Benefits,» seemed to suggest that the report's author had managed to repeal the laws of arithmetic.
While L.A. Unified managed to reduce a $ 225 million deficit to a $ 72 million deficit this year, rising pension and healthcare costs are projected to drive the deficit as high as $ 450 million in 2018 — 19.
But while most analysts are focused on the enormous cost of teacher pensions and their long - term sustainability, Bob and Mike have been looking at another aspect of teacher pensions: the perverse incentives embedded in these plans that interfere with the goal of attracting and retaining outstanding teachers.
While the government has pledged to maintain per - pupil income, heads currently preparing next year's budgets are having to factor in rising costs such as increased pension and national insurance contributions.
And while the new state school funding formula will send additional money to high - poverty districts, it is unclear if it will be enough to offset the new pension costs.
In addition to the non-fiscal benefits attached to educational choice, the program can relieve pressure for district budgets from rising pension costs (for each one million dollars spent on the program, I estimated that the state would save almost half of that amount, while school districts would save almost $ 700,000).
A DfE spokesperson, while not able to direct Schools Week to specific advice for schools, said: «We know that academies face increasing costs to cover their pension obligations and we are working with colleagues across government to address this.
While healthcare costs are unsustainable, it is factually incorrect and intellectually dishonest to say that Connecticut's pension system is «unsustainable».
Consistent with cost drivers in current year school budgets, pension increases have continued to plague school budget makers in all districts, while rising special education and charter school costs are also contributing to the 2014 - 15 budget challenges.
** Some state governments take full responsibility for teacher pension plans, other pass all the costs on to local school districts, while others split the responsibility between state and local governments.
The cost of a pension buy - back is $ 50,000 for 3 years of missed service while on maternity leave.
As Roger Lowenstein wrote about in his book While America Aged, the NY Subway system got to the point where pension costs were equal to the cost of wages.
But while the risk of public sector pension collapse in Canada is very low, these plans face the same cost pressures as those in the private sector.
In the end, Frank & Susan filed a consumer proposal (owning their own home, and with both having a good pension the cost of filing bankruptcy was too high) while Karen & Bill, with 3 dependents, found bankruptcy to be the better solution.
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.
However, in Vaughan, while apparently acknowledging this difference, Lord Justice Wilson suggested that «equality» should have been measured against a total of all the assets, including the parties» pensions (net of costs), in a single balance sheet, which implicitly treated all forms of assets (pensions and capital) as comparable / interchangeable:
While law - firm costs (professional salaries, rent, staff, pension obligations) are usually rather fixed, revenues for many law firms have declined.
RECO is becoming another bloated government bureaucracy with fat pensions and benefits who expand their mandate on a yearly basis while downloading their costs to Realtors.
During his unprecedented tenure, the Fund has grown from $ 94 million to $ 420 million, while providing generous pensions and allowing for the lowest employer cost ratio in the state.
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