Sentences with phrase «pension deficit on»

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:

Not exact matches

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.

Past achievements include building the case for deficit reduction in the 1980s and early 1990s, for consolidation of the Canada and Quebec Pension Plans in the late 1990s, a series of shadow federal budgets and fiscal accountability reports in that began in the 2000s, and work on marginal effective tax rates on personal incomes and business investment, which has laid the foundation for such key changes as sales tax reform, elimination of capital taxes, and corporate income tax rate reductions.

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).

Moving the goal posts on how pension funds calculate their deficits and which inflation measure they are required to target must be a concern to any IL holder too I imagine.

The deficits can only be reined by a massive political reset and wholesale reneging on the entire social contract, including Medicare, Social Security, public pensions and welfare.

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.

The party's new policy expresses great concern that the current methods used to evaluate defined benefit (ie final salary and career average) pensions have been unable to cope with these unprecedented market conditions, and this, coupled with over-regulation on the part of the Pensions Regulator, had produced wildly volatile deficits which no - one could predict — wholly unsatisfactory for schemes that have to plan over half a pensions have been unable to cope with these unprecedented market conditions, and this, coupled with over-regulation on the part of the Pensions Regulator, had produced wildly volatile deficits which no - one could predict — wholly unsatisfactory for schemes that have to plan over half a Pensions Regulator, had produced wildly volatile deficits which no - one could predict — wholly unsatisfactory for schemes that have to plan over half a century.

In doing so, they are heeding Boris Johnson's calls for a «citizen's wealth fund»: last October, London's mayor proposed pooling some of the UK's 39,000 public pension funds into a single investment fund large enough to reduce the country's dependence on foreign investment and close its infrastructure financing deficit.

The government would take on responsibility for Royal Mail's # 7bn pension deficit to make the remaining institution a more attractive business proposition.

Rising anger over the cuts, though the pensions dispute has nothing whatever to do with the budget deficit, will reinforce the resistance, thus far and no further, on an issue where the Government is seen to be acting manifestly unfairly.

The legislation we have proposed will continue to benefit the people of Wales as the Government focuses on reducing the deficit and restoring economic stability, reducing and preventing crime, proposing constitutional reforms, and modernising the pension system.

They also admit that money cut from pensions will go to the Treasury to help pay off the deficit, not into pension schemes, which the union says amounts to a tax on working in the public sector.

Mounting pension costs, declining tax bases, crumbling infrastructure and a growing number of out - of - work citizens relying on social safety nets meant deep budget deficits and tides of red ink.

Osborne said plans to reverse Gordon Brown's «pension tax raid» were an «ambition» that would only be fulfilled «when we have got on top of the deficit».

«Every economic expert knows that a retirement incentive program, despite some short - term savings, can wreak havoc on long - term fiscal health, as was reiterated by the recent Boston College study on pension liabilities, and that's why House Democrats have opposed retirement incentive plans as part of this deficit mitigation proposal,» Sharkey and Aresimowicz said in a statement.

On Monday deputy Bank governor Ben Broadbent was forced to defend the bank's policies against MPs who said employers were scaling back investment and limiting wage rises in response to the growing burden of larger occupational pension scheme deficits.

Mr. McFadden: The changes that we propose to the pension scheme will mean that the deficit is handled on the same basis as the pension schemes serving teachers, nurses and civil servants.

'' «notes the threats to the future of the Royal Mail and welcomes the conclusion of the Hooper Report that, as part of a plan to place the Royal Mail on a sustainable path for the future, the current six days a week universal service obligation (USO) must be protected, that the primary duty of a new regulator should be to maintain the USO, and that the Government should address the growing pensions deficit; notes that modernisation in the Royal Mail is essential and that investment must be found for it; endorses the call for a new relationship between management and postal unions; urges engagement with relevant stakeholders to secure the Government's commitment to a thriving and prosperous Royal Mail, secure in public ownership, that is able to compete and lead internationally and that preserves the universal postal service; further notes the Conservatives» failure to invest in Royal Mail when they were in power in contrast with Labour's support for both Royal Mail and the Post Office; and notes that legislation on these issues will be subject to normal parliamentary procedures.»

He also suggested that cuts to the deficit could be found elsewhere on tax savings for pension contributions.

Ed Balls should make it absolutely clear that there is nothing responsible or progressive about running huge deficits when the money could be spent on schools, hospitals or pensions.

If they refuse, presumably, in the end, the DfE will have no option but to take on the deficit otherwise the pension scheme would, presumably, be required to transfer the deficit to the other members affecting all schools paying into the scheme.

Schools Week revealed last week that poor investment returns on pensions for support staff have left many multi-academy trusts with deficits amounting to tens of millions of pounds.

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.

While Canada Post management has disagreed with the government on the need to fund the pension deficit, in 2015 it said it would begin making payments in 2018 to fill the solvency gap.

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)!

In the four years before President Macri's arrival, the Argentine economy grew at a paltry 1.6 % rate per year — meaning that, in per capita terms, it didn't grow at all... Consumer inflation, on the other hand, averaged almost 30 % per year... At the end of May, the government announced a plan to increase public pensions and devolve tax revenues to the provinces that, if implemented (which is almost certain), will cost the national government a significant amount of money and make meeting primary deficit targets... all but impossible to achieve.

I've then haircut Cash to reduce Debt / Aircraft Leases to sustainable / lower risk levels, and to eliminate half the Pension Deficit (sure, Aer Lingus isn't on the hook for this, but are you really going to bet that management, the unions & the government won't shaft the shareholders with some kind of deal / settlement?!)

Pension fund returns fell below the interest rate on New Jersey's bonds, and the state, faced with budget deficits, stopped making the annual contributions required to keep pace with rising costs.

In order to properly use Monte Carlo in retirement planning, dozens to hundreds of inputs need to change to reach a Real World probability number: Life expectancy, age of retirement, investment payouts, yields vs. share selling, investment returns, inflation, income goals, Social Security, all of the types of taxes, pension payouts, annual cash flow surpluses and deficits, random earned incomes, replacing vehicles every ten years, allocation mix changes over time; and then duplicate all of that for every investment individually, then for the spouse, then account for all of that compounding in every year, and the list goes on and on.

«Continued focus on employers» ability to support large pension scheme deficits — including TPR's naturally prudential approach — has encouraged many schemes to revert more to gilts in recent years.

Freshfields is advising the Government on the restructuring, which will see # 37.5 bn of Royal Mail's legacy pensions liabilities transferring to the state, including a deficit of around # 9.5 bn.

The recent Drummond report warns that without tackling serious issues, such as public pensions and overspending, Ontario is on track to run $ 30 - billion deficits.

Advised on the acquisition of a manufacturing conglomerate across multiple jurisdictions, including informing or consulting employee representatives, dealing with a substantial defined benefit pension scheme deficit, and negotiating new service agreements for the board of directors

Consequently, corporate advisers were prompted to focus on liabilities that were contributing most to these deficits and to consider if there was anything that could be done to «manage» them within the legally constrained environment in which DB pension schemes operated.

On 28 March 2016, in Sun Capital Partners v New England Teamsters Pension Fund heard in the Massachusetts District Court (Action No. 10 -10921-DPW), two Private Equity Funds were even held liable for the scheme deficit of another company which together the Private Equity Funds controlled.

He found that market volatility, falling gilt yields and historically low interest rates are focusing minds on funding deficits, de-risking strategies and liability management in the area of defined benefits pensions.

In recent years Angela has been known for her work on the Pilots litigation which made new law on the meaning of»em ployer» in pension legislation and the Nortel case, involving the pursuit and recovery of a # 2bn deficit in proceedings in Europe and North America.

There were some 40,000 members of the UK pension scheme and it had a # 2.1 billion deficit on a buy - out basis, when Nortel went down in 2009.

It has created considerable uncertainty over the priority status afforded to pension plan wind - up deficits, particularly in insolvency proceedings involving the plan sponsor, and the effects on availability of credit for all organizations that provide defined benefit pension plans for their employees.