Sentences with phrase «pension crisis in»

It makes the last great pension crisis in the late»70s look good — at least they had higher yields back then.

In While America Aged, business and finance writer Roger Lowenstein skillfully chronicles the evolution of the pension crisis in three very different entities - General Motors, New York City and San Diego - and then offers solutions.

Republican Kim Guadagno, the state's current Lieutenant Governor, would tackle the pension crisis in four ways.

Thus, resolving the impending pension crisis in many ways in not only integral to school funding writ large, it is fundamental to high quality schools.

But the pension crisis in Puerto Rico is where many states are headed if they don't make reforms now.

«No Money in the Bank» does more than layout the many dimensions of the public sector pension crisis in crisp, highly readable prose, though it does that very well indeed.

Democrats in power means we look like Illinois (which is suffering from the worst pension crisis in the nation).

We have this huge pension crisis in our country and they keep pushing for these defined - benefit plans.

There is no pension crisis in Canada — not now, not 10 years from now, not even, so far as we can foresee, in the more distant future.

Not exact matches

In fact, it saw the sharpest drop since the financial crisis as weaker corporate performance sacked cash bonuses and accounting regulation hampered pension growth.

The term «pension crisis» became a feature of the media coverage as finance ministers gathered in Whitehorse last December and again in June in Prince Edward Island.

The retirement age has increased and pensions have been cut more than 10 times since the crisis started in 2010.

«Pension plans since the financial crisis have been in pretty rough shape because interest rates were held down by all the — I won't call it manipulation — but all the activities by the central banks to keep interest rates low and to spread growth,» he says.

LONDON, Oct 25 - Yield - hungry pension funds and sovereign wealth funds are stepping in where crisis - hit, regulation - laden banks are pulling back: lending to cash - starved businesses.

The stock swoon and rock - bottom rates of the financial crisis conspired to put many corporate pension plans in the danger zone.

Five years ago, she was poached from Goldman Sachs — where she made her name convincing a number of large pension funds to hedge in the run up to the financial crisis — by Bank of America to run a first of its kind on Wall Street cross-asset, cross-industry structured - strategies group («It's about solutions, not products,» she says).

He criticized states for kicking the can down the road, living beyond their means year after year in a «never - ending sense of crisis» that results in «stop - and - go funding of vital programs,» such as those for infrastructure, education, pensions and city and county services.

Even as stock market rose last year, pension funding levels at America's biggest companies in 2014 fell to levels not seen since just after the financial crisis.

Mr. Martin averted a major fiscal crisis, eliminated the deficit in three years, reduced the government's debt, strengthened the Canadian banking system, and reformed the Canada Pension Plan.

Endowment funds and pension funds are reducing allocations en masse in favor of indexing and private equity, as outflows reach levels unseen since the financial crisis.

To the extent that the policy may be up for a rethink, pension schemes in crisis seems a likely motivation.

Pensions really are in crisis, but the story is so full of large numbers, obscure projections, and dry terms like «unfunded liabilities» that not many people are paying attention.

As pension funds, hedge funds and mutual funds recovered from the crisis, traders, portfolio managers and treasurers said in interviews with Global Finance that their exposure to derivatives is actually increasing as a means of hedging against further volatility in the markets.

Cook County's crisis is no different from what Chicago, the state and numerous localities in Illinois are experiencing — out - of - control pension debt.

With the successful passage of 401 (k)- style pension reform in Michigan's state legislature, Illinois lawmakers should examine their own growing pension crisis and pursue bolder reforms to stabilize the state's finances.

The combined population of more - developed countries other than the U.S. is projected to decline beginning in 2016, raising the prospect of prolonged budget crises as the number of working - age citizens diminish, pension costs rise and tax revenues fall.

That can still be done if and when pension funds in the Netherlands or elsewhere face an actual crisis.

The presentation predicted massive «membership loss... reduced staffing, pressure on CTA pension and benefits system [and] potential financial crisis in locals not positioned to survive loss of revenue.»

«We saw more and more of these bills leading up to the financial crisis and the bursting of the last pension bomb in New York state.»

In all, it's a good news, wait - and - see news assessment of the pension picture for New York, which has recovered in the years in since the fallout from the financial crisis of the last decadIn all, it's a good news, wait - and - see news assessment of the pension picture for New York, which has recovered in the years in since the fallout from the financial crisis of the last decadin the years in since the fallout from the financial crisis of the last decadin since the fallout from the financial crisis of the last decade.

He followed up those comments by suggesting that the state pension costs were not in crisis as the Cuomo administration has claimed.

The comptroller has also defended the state's pension system overall, noting that it is fully funded and not in a crisis.

«This coming year is going to be one of the most challenging years for the trade union movement - and public sector trade unions in particular - as the coalition government seeks to make the public sector and its workforce pay for the crisis, through cuts to jobs, services, pay and pensions.

However, shadow pensions secretary Philip Hammond warned that those who lost their pensions were «still in exactly the same desperate position» and demanded the government «show leadership in resolving this crisis».

And in late 2008, just as the financial crisis began to explode, Mr. Bloomberg granted 4 percent raises for two consecutive years to the city's largest municipal workers» union, District Council 37, without extracting support for pension givebacks.

Pension costs are in fact a crisis for many local governments and will only get worse if we ignore them.»

YouGov's findings therefore suggest that most people think more savings are the answer to the pension crisis, and that the majority of people would remain in an opt - out pension scheme — althought it remains to be seen how they react to the specific sort of contribution levels suggested by the Turner Report.

Now, in the midst of a budget crisis of its own making, Albany wants to buy short - term budget relief by raiding the pension fund.

Is it wise as part of addressing the pension funding crisis to take the existing inadequate assets and use them to rescue the Government's current deficit, making the problem worse in the longer term?

The nation's third - largest pension fund continues to recover the shock of the 2009 financial crisis when it lost billions of dollars in value.

If there is a pension «crisis», it's that there are too many people in poverty in their old age because of low wages, unemployment and a massive shift in income distribution away from wages towards profits over the last 50 years.

And unlike a public sector pension plan, which is protected by the state constitution and whose benefits can't be diminished even in an economic crisis, the retirement savings plan the city is proposing would be very much subject to the vagaries of the market.

The deal also will help Upstate dairy farmers, retired Teamsters in Syracuse caught in a pension crisis, and New York's effort to fight the opioid crisis, Schumer said after announcing the deal Wednesday afternoon with Senate Majority Leader Mitch McConnell, R - Ky.

With the potential scandal evidently out of the way, perhaps the candidates will now focus on other differences between them: what effect, if any, the comptroller can have in navigating the state through this fiscal crisis and how to manage the huge state employee pension fund.

Falls in birth rate may affect Brazil's economy, especially because the country is already experiencing a pension crisis, with the government struggling to accrue enough funds to pay an ageing population.

In keeping with the customary «more is more» approach of remake culture, this Going in Style mines the financial crisis for deeper motivation for the old timers» robbery — Caine's house is being foreclosed on, and all three protagonists see their steelworkers» pension fund dissolveIn keeping with the customary «more is more» approach of remake culture, this Going in Style mines the financial crisis for deeper motivation for the old timers» robbery — Caine's house is being foreclosed on, and all three protagonists see their steelworkers» pension fund dissolvein Style mines the financial crisis for deeper motivation for the old timers» robbery — Caine's house is being foreclosed on, and all three protagonists see their steelworkers» pension fund dissolved.

In early 2016, spurred by a seemingly perpetual bankruptcy crisis at Detroit Public Schools (DPS)-- by this point, counting unfunded pension liabilities, the district was almost $ 1.7 billion in the red — the state senate narrowly passed a bill that would bail out the district and split it into two separate entities: the old DPS, which would exist to collect taxes and pay down debt, and a proposed new Detroit Education Commission (DEC) to oversee schooling in the city, including regulating the openings and closings of traditional public schools and charter schoolIn early 2016, spurred by a seemingly perpetual bankruptcy crisis at Detroit Public Schools (DPS)-- by this point, counting unfunded pension liabilities, the district was almost $ 1.7 billion in the red — the state senate narrowly passed a bill that would bail out the district and split it into two separate entities: the old DPS, which would exist to collect taxes and pay down debt, and a proposed new Detroit Education Commission (DEC) to oversee schooling in the city, including regulating the openings and closings of traditional public schools and charter schoolin the red — the state senate narrowly passed a bill that would bail out the district and split it into two separate entities: the old DPS, which would exist to collect taxes and pay down debt, and a proposed new Detroit Education Commission (DEC) to oversee schooling in the city, including regulating the openings and closings of traditional public schools and charter schoolin the city, including regulating the openings and closings of traditional public schools and charter schools.

A financial crisis loomed, in the form of pension contributions the district could not afford.

Accordingly, at a conference of the California Teachers Association (CTA), the union briefed its activists on the potential consequences should the unions lose in Friedrichs, citing loss of revenue; fewer resources; decline in membership; reduced staffing; increased pressure on the CTA pension and benefit system; and potential financial crises for some locals.

Nearly all state pension plans failed to meet their target rates of return in the years following the financial crisis, which has necessitated sharp increases in contributions from employers and employees.