Sentences with phrase «pension deficit»

First, that the government should take responsibility for the historic pensions deficit.

Unfortunately, there's a whopping great EUR 0.7 bio pension deficit to factor in also.

And while we're mentioning debt, it's worth highlighting: i) fortunately, Donegal has no legacy pension deficit issues, and ii) all other / remaining balance sheet assets / liabilities (i.e. those not carved out above) are assumed to be part & parcel of any valuation / sale of the operating businesses.

In December, the Pensions Protection Fund revealed that Britain's final salary schemes» pensions deficit increased to # 195 billion as companies struggle to raise funds.

This follows various high profile insolvencies and financial problems with companies with substantial pension deficits - Nortel Networks, Lehman Brothers, BHS - amongst others.

«And this is a company with declining revenue trying to drag a huge pension deficit along with it, which in itself makes if an unattractive prospect for rescue from the private sector.

In 2010, faced with the one of the largest pension deficits in the country, Illinois created a new, less generous pension plan for new teachers that lengthened the vesting requirement from five years to ten.

If you subtract 300M $ from the cash flow or add 2 B$ in pension deficit to the EV, XLS is not cheap any more given it's prospects.

I'm bemused to hear them regularly insist (from one side of their mouth), they've no legal responsibility for the IASS pension deficit, while they detail their progress on actual pension discussions (from the other)!

At OTPP, Leech went on to have an impressive tenure in his own right, growing the organization to $ 140.8 billion in assets (as of the end of 2013) and co-authoring a book on the country's collective pension deficit before stepping down this year.

These plans, which involved bailing out the firm's # 10bn pension deficit, were shelved in the summer, but the business secretary has insisted that the need for modernisation has not gone away.

There's also a EUR 655 mio pension deficit, but this is more than offset by ample cash of EUR 845 mio.

I'd normally adjust for Smurfit's 0.7 billion pension deficit also, but here it's almost perfectly offset by cash on hand — so let's ignore both in our calculation:

The business had been struggling given that it had # 900m of debt and a # 587m pension deficit before it failed.

Bad enough in a private company, but appalling in one still dependent on taxpayer largesse to keep the post offices open, and where the overall pension deficit is # 6bn.

While any closures might be regretted, they would not be necessary at all were it not for the inherited BBC pension deficit and the vast public deficit inherited from the previous Government.»

«Royal Mail's working practices are inefficient, competition is intensifying, industrial relations are poor and sorting machinery is outdated, while the fixed price of a stamp and a huge pension deficit seriously limit room for manoeuvre.

Multi-academy trust pension deficits for support staff are soaring into the tens of millions, with schools facing another hike in employer contributions, experts have warned.

Another problem lies with the fact that both the state government and districts have been able to increase teacher salaries (by 8.4 percent between 1999 - 2000 and 2011 - 2012, according to the U.S. Department of Education) without being forced to contribute more into the system in order to stem pension deficits.

A review launched into academy pension deficits will recommend ways to address the enormous funding gap in the Local Government Pension Scheme (LGPS).

Then there are the long - term cost of traditional teacher compensation — including the state teachers» retirement system's $ 58 billion in defined - benefit pension deficits (including unfunded liabilities in CALSTRS» cash - balance and Medicaid premiums programs), and at least $ 16 billion in unfunded retired teacher healthcare benefits — that are weighing even more on taxpayers» pockets.

Each American student's share of the teacher pension deficit is more than $ 10,000 and growing.»

I also include 50 % of convertible / preference capital, pension deficits etc., which seems an appropriate balance — it recognizes these (long term) liabilities aren't bank loans, but they still increase gearing & prior claims on capital.

With zero interest expense, one might also expect a debt adjustment — unfortunately, INM still has an $ 86 million pension deficit on the balance sheet, and if we consider it a debt - proxy, it effectively absorbs what would otherwise be available debt capacity:

Unfortunately, I haven't even gotten around to their significant Pension Deficit yet... Yes, I told you Greencore was distressed!

Esp when FCF as a % of Revenue is so low like all of the above — very little protection against their debt / pension deficit backdrops

However, I'd be none too surprised if any eventual distribution strategy / announcement is accompanied by some huge pension deficit concession to the unions (despite AERL's repeated denials of any legal liability).

«For the first time since DBRS began evaluating the health of pensions, the aggregate pension deficit is now in the danger zone,» it said in a major 500 - plus - page report released Thursday morning.

The company voluntary agreement (CVA) will see the toy retailer's pension deficit recovery plan reduced from 15 years to ten years, with # 3.8 m injected into the pension scheme in 2018 and a further # 6m promised over 2019 and 2020.

Freshfields Bruckhaus Deringer and Slaughter and May are playing key advisory roles in the ambitious restructuring of Royal Mail as the UK Government prepares to take on the company's multibillion - pound pension deficit ahead of a potential float.

The Ca decision does not stand for the proposition that pension deficits take priority.

[I should highlight the net pension deficit of 37 M, though it's nearly halved since its peak.

Although PCS has a substantial pensions deficit, its immediate solvency isn't threatened and questions have been raised by many members as to the benefits of subsuming their union into Unite.

Conservative investors investing in the steel industry will look for companies that do not have large pension deficits, and companies that are non-union, or where the unions have made peace with management.

All sounds great, but this completely ignores the (totally un --RRB- exceptional charges being expensed every single year, the increasing levels of capex, the continuing & quixotic acquisition spree in the US (believe me, $ 200 mio of pro-forma US revenues does not make you a player there), and let's not forget the whopping GBP 116 mio net pension deficit.

Aer Lingus already has EUR 140 million on offer (in line with a Labour Court recommendation) to plug the IASS pension deficit — at a guess, they'll raise this another 50 % in the end.

Former Ofcom director Richard Hooper, said the Royal Mail's financial situation had got even worse since his original report in 2008, and warned that its growing # 10bn pension deficit was unsustainable.

Given that the cost of the nearly - free healthcare benefits and other perks of teaching have increased by 21 percent within a six - year period — and the $ 1.4 trillion in pension deficits and unfunded retiree healthcare costs — governors realize they must restrain future increases.

The belief is that because rates are being kept artificially low, then the pension deficits are also artificially and temporarily large.

By this past weekend, the company had # 900 million ($ 1.2 billion) in debt and a # 587 million ($ 808 million) pension deficit.

It has a pension deficit of 580 million pounds.

The U.S. alone adds about $ 3 trillion every year to the pension deficit.

Just for fun, try calculating the all - in labour cost for someone you know. I tried it on my spouse, who is a university professor. I added her healthy salary to her current service pension cost and other benefits and payroll taxes. I threw in an extra amount to reflect the pension deficit that her university is now grappling with (thanks to the market meltdown).

So, as we scrambled like M * A * S * H * surgeons on the battlefield to stabilize the patient in real time — finding new financing, negotiating long term contracts with our employees, reversing our pension deficit — and the noose slightly loosened.

Yields were falling before the crisis, and pension deficits are nothing new.

BHS went into administration in April, leaving a pensions deficit of # 571m.