«Public sector pensions will remain among the very best, providing a guaranteed
pension level for all employees.
Democratic gubernatorial candidate Tom Barrett wants to scale back
the pension levels for top state administrators.
Not exact matches
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.
The life - savers are
pension funds, whose demand
for long - term fixed income assets could reach record
levels this year - and, counterintuitively, it's the surge in world equity markets that will play a large part in fuelling this appetite.
Wiseman said all of CPPIB's investment teams made material contributions last year, producing CPPIB's largest
level of annual investment income since inception, but noted the Canada
Pension Plan isn't expected to need to draw money from the fund until at least 2023 and, even then, at a relatively small amount
for several years.
TORONTO — The 2013 - 14 financial year was an unusually strong one
for the Canada
Pension Plan Investment Board, which earned a 16.5 per cent annual return on the billions of dollars in assets it manages
for the national retirement system, but its CEO cautions that
level of growth likely won't soon be repeated.
Certainly, it offers an attractive
level for longer - term investors such as
pension and insurance funds to lock in a relatively decent yield, and will tempt some portfolio managers to buy bonds rather than equities.
These risks and uncertainties include competition and other economic conditions including fragmentation of the media landscape and competition from other media alternatives; changes in advertising demand, circulation
levels and audience shares; the Company's ability to develop and grow its online businesses; the Company's reliance on revenue from printing and distributing third - party publications; changes in newsprint prices; macroeconomic trends and conditions; the Company's ability to adapt to technological changes; the Company's ability to realize benefits or synergies from acquisitions or divestitures or to operate its businesses effectively following acquisitions or divestitures; the Company's success in implementing expense mitigation efforts; the Company's reliance on third - party vendors
for various services; adverse results from litigation, governmental investigations or tax - related proceedings or audits; the Company's ability to attract and retain employees; the Company's ability to satisfy
pension and other postretirement employee benefit obligations; changes in accounting standards; the effect of labor strikes, lockouts and labor negotiations; regulatory and judicial rulings; the Company's indebtedness and ability to comply with debt covenants applicable to its debt facilities; the Company's ability to satisfy future capital and liquidity requirements; the Company's ability to access the credit and capital markets at the times and in the amounts needed and on acceptable terms; and other events beyond the Company's control that may result in unexpected adverse operating results.
Thus, the path dependency that political scientist Paul Pierson, 1997 has observed in
pension reforms is not just an observed fact, but a desired characteristic.21 Threats to sustainability are typically identified as expenditures rising above an acceptable
level, and especially in prefunded DB plans, volatility of
pension contributions or accounting expenses
for pensions.
But it turned out to be a lousy year
for private
pension funds, which lost ground on their funding
levels.
You guys are set
for life John and really don't have to worry about stocks and bonds and diversification as much if your debt
levels are under control and your
pension covers all your expenses.
Tribune newspaper profits run at the roughly $ 200 million
level, maybe a third of which comes out of L.A.. So, take the market multiple of 3 or 4 times that number as a price — or $ 600 million - plus —
for the eight papers, even though underfunded newspaper
pensions put a drag on that number.
Already, the spread between the OAS / GIS guarantee
levels and the low - income measure
for 2015 — the spread that seniors need to fill using the Canada or Quebec
Pensions plans (CPP / QPP), private pensions and private savings — is about $ 5,600 for single seniors and $ 4,700 for
Pensions plans (CPP / QPP), private
pensions and private savings — is about $ 5,600 for single seniors and $ 4,700 for
pensions and private savings — is about $ 5,600
for single seniors and $ 4,700
for couples.
There is of course a series of public programs, including the Old Age Security and the Guaranteed Income Supplement and of course the Canada
Pension Plan itself that provide modest
levels of income
for all Canadians when they hit retirement age.
Accordingly, short and long - term incentive
levels are going down, along with
pension contributions and the threshold payout
for LTIs, and benefits will be replaced by a fixed allowance.
At year - end 2013, we estimate
pension funding
levels for our 50 largest rated US corporate issuers increased by 19 percentage points to 94 % of
pension obligations, compared with a year earlier.
According to the Center
for Retirement Research at Boston Collage, US public
pension funds at the state and local
level are also underfunded by an average of 67.9 %.
Just to put this in perspective, the old - age
pension for a retired couple with no other income, but who own their home, which I guess can be seen as what the government considers the minimum
level to provide a reasonable lifestyle, is $ 35,573 per year.
ATTACs principal focus areas at the moment are: the different forms of taxation of financial transactions, in particular the Tobin tax on currency speculation; the creation of new instruments
for the regulation and control of finance at the national, European and international
levels; the battle against tax havens and financial crime; and the demystification of
pension funds.
Otto Thoresen: «
Pension providers are committed to ensuring value for money, transparent pensions — average pension charges have been falling steadily over the last decade and are now at their lowest ever levels&
Pension providers are committed to ensuring value
for money, transparent
pensions — average
pension charges have been falling steadily over the last decade and are now at their lowest ever levels&
pension charges have been falling steadily over the last decade and are now at their lowest ever
levels».
Nikos Theocarakis thinks the ability of families to keep supporting their unemployed younger family members is rapidly disappearing: «The grandparents»
pensions have been cut so they need it
for themselves as they are at subsistence
level... there is no fat left to support those who are unemployed.»
Tax - funded public -
pension costs
for every
level of state government rose from absolutely minimal
levels in 2000 to a grand total of more than $ 16 billion last year, half of it in New York City alone.
The shadow work and
pensions secretary, Rachel Reeves, said the UK social security system «was never designed
for the
levels of migration we are now seeing».
The former officers have been returned to the
level of
pension their injuries justify and compensated
for the reduced
pension paid since the initial decisions were made from 2008 and onwards.
Gov. Andrew Cuomo has pushed to reduce the cost of state's public
pension system by successfully advocating
for a new retirement
level, Tier Six.
DiNapoli has suggested his office should be used as a test - case
for public campaign financing at the state
level to get out from under the pay - to - play
pension fund scandal of his predecessor.
Otto Thoresen, Director General, Association of British Insurers, said: «
Pension providers are committed to ensuring value for money, transparent pensions — average pension charges have been falling steadily over the last decade and are now at their lowest ever
Pension providers are committed to ensuring value
for money, transparent
pensions — average
pension charges have been falling steadily over the last decade and are now at their lowest ever
pension charges have been falling steadily over the last decade and are now at their lowest ever
levels.
Shadow work and
pensions secretary Philip Hammond called
for the new ways of collecting maintenance, and plans to increase the
level of benefits which are disregarded when calculating maintenance - to # 10 - to be introduced immediately.
It is my opinion that in the Bronx, New York City and throughout New York State folks of all ideologies, political party, socio - economic
level and demographics are with a Comptroller who is independent and ever mindful that he is caretaker
for the NYS
pensions, our revenue, the economy of our great state and a role often overlooked the person who watches
for corruption by elected officials, corporations, contractors and others who commit malfeasances.
«It amazes me that, at a time when unemployment is at record
levels, schools are being shuttered, workers are being laid off,
pensions are being lost, that the Senate President is rolling back basic protections
for hardworking transgender government employees,» said Dávila.
As well as their focus on the constitution with the promise of a bill of rights, their manifesto, Change the Face of Britain, called
for permanent prices and incomes policies, better
pensions and a minimum earnings
level.
Bloomberg, meanwhile, is taking a same - but-less approach to fixing
pensions — proposing to retain the DB system with higher retirement ages, lower benefit
levels and higher employee contributions
for new workers.
Thus the amount and performance of
Pension Fund investment is significant to the
level of the employer's contribution, and determines the need
for effective management of the Fund.»
Pension costs spiked to their highest
levels in decades in 2014, growing to 20.9 percent of payroll costs
for the common retirement fund and 28.9 percent
for police and fire
pensions.
«Achieving these lapse — or savings — targets will be a significant budgetary challenge, especially in light of the high
levels of fixed costs
for FY 2018, such as debt service payments,
pension contributions and other costs.»
Shadow work and
pensions secretary Theresa May said: «Any fall in the
level of unemployment is welcome news, but today's figures are still real cause
for concern.
Research scientists, the next
level of postdoc at Gladstone, are eligible
for the
pension plan.
For women, caring for children and families throughout their life often leads to lower pensions, high levels of poverty and lack of health resources in later li
For women, caring
for children and families throughout their life often leads to lower pensions, high levels of poverty and lack of health resources in later li
for children and families throughout their life often leads to lower
pensions, high
levels of poverty and lack of health resources in later life.
Besides, it's impossible
for state -
level pension plan to act as a recruitment or retention incentive
for individual schools or districts.
Rising retention means more teachers will qualify
for some
level of a
pension, but it still won't be very large and will actually cost the state more money.
Michael Podgursky and colleagues documented how district payments
for pension benefits grew from roughly $ 800 per student in 2010, when spending
levels began to fall nationally, to more than $ 1,200 in 2017 — a 50 percent increase over just six years (see «
Pensions under Pressure,» features, Spring 2018).
While the plan called
for a cut of 5.5 percent to education, dropping per - pupil funding by $ 550, funding limits could be offset at the district
level by increased employee contributions to health care and
pension programs, and by giving local school districts other tools such as wage freezes and adjustments in salary schedules.
As senior -
level administrators are both the stewards of the
pension system and the recipients of the highest net benefits, the authors conclude, «There is no reason to expect school administrators or their organizations to support reforms that would provide a more modern and mobile retirement system
for young educators» and suggest that districts could be recruiting young teachers more effectively by putting money in upfront salaries rather than in end - of - career
pension benefits.
Example A is Pennsylvania, which recently announced they will be increasing the employer contribution rate
for retired teacher
pension and health benefits in 2010 - 11 by 72 percent over current
levels.
Deputy general secretary Kevin Courtney, pictured, said the proposals would have implications
for jobs and pay issues such as
pensions contributions, as well as affecting the ability of workers to negotiate pay on a local
level.
Leaders at the state and city
level (Scott Walker foremost among them) have been vindicated
for pursuing bold strategies to rein in lavish
pension and benefit plans or to limit directly the privileges many unions have enjoyed... and abused.
The starting salary
for a Chicago Public School teacher at a master's degree
level is around $ 56,000 (plus
pension and other benefits).
Moukawsher concluded that the plaintiffs failed to meet the high standard of proving beyond a reasonable doubt that the overall
level of aid
for education — about $ 2.5 billion annually, not including money
for school construction and teacher
pensions — did not meet a minimum standard of adequacy.
As the authors make clear, the current defined benefit
pension systems in place across the country do offer a higher maximum
level of compensation
for the minority of teachers who stay in the profession and remain in the same
pension system
for their entire careers.
On the state
level, defined benefit
pensions for teachers, a union must, are causing school districts to go deep into the red and now the Golden (State) Goose is beginning to dry up.