Sentences with phrase «pension plan for years»

You've been in the company pension plan for years or decades and suddenly your situation changes.

Not exact matches

My dad worked for 35 years at Stelco in Hamilton, before watching a once great company dragged into bankruptcy, in large part because of a pension plan it could no longer fund.

The traditional pension plan, where a person works for an employer for 35 years and receives a monthly payment upon retirement, is a thing of the past for most of us.

Pierlot wrote a paper for the CD Howe Institute in 2011 showing that a person with a salary of $ 75,000 at the end of a 35 - year career would accumulate more than $ 1.4 million in savings through a defined - benefit plan (wherein the pensioner is paid a set income based on past earnings and years of service, mostly confined to the public sector these days) compared to $ 674,711 for someone with no pension but a maxed - out Registered Retirement Savings Pplan (wherein the pensioner is paid a set income based on past earnings and years of service, mostly confined to the public sector these days) compared to $ 674,711 for someone with no pension but a maxed - out Registered Retirement Savings PlanPlan.

Speaking with The Globe and Mail, CPAA president Brenda McAuley expressed disappointment at the arbitrator's decision: «We've been the CPAA for more than 100 years and we feel getting a defined contribution pension plan is selling out our new members,» she said.

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.

The Ontario Teachers» Pension Plan, for example, started using leadership assessments a couple of years ago to help pinpoint areas where senior staff need improvement and to verify impressions of outside candidates.

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.

Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, and capital markets conditions and other factors beyond the Company's control, including natural and other disasters or climate change affecting the operations of the Company or its customers and suppliers; (2) the Company's credit ratings and its cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and market acceptance of new product offerings; (6) the availability and cost of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial market risks that may affect the Company's funding obligations under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly reports on Form 10 - Q (the «Reports»).

For the past three years, two rival ideas have battled to become the go - to solution for enhancing retirement savings in Canada: expanding the Canada Pension Plan, and private - sector savings vehicles known as pooled registered pension plaFor the past three years, two rival ideas have battled to become the go - to solution for enhancing retirement savings in Canada: expanding the Canada Pension Plan, and private - sector savings vehicles known as pooled registered pension plafor enhancing retirement savings in Canada: expanding the Canada Pension Plan, and private - sector savings vehicles known as pooled registered pensionPension Plan, and private - sector savings vehicles known as pooled registered pensionpension plans.

In the provincial public and near - public sectors, pension plans have been moving away from the classic DB structure for nearly 20 years, led by the Ontario Teachers» Pension Plan pension plans have been moving away from the classic DB structure for nearly 20 years, led by the Ontario Teachers» Pension Plan Pension Plan (OTPP).

Like Old Age Security, the qualifying age for the Canada Pension Plan retirement pension would be reduced to 65 over the five - year period between 1965 anPension Plan retirement pension would be reduced to 65 over the five - year period between 1965 anpension would be reduced to 65 over the five - year period between 1965 and 1970.

Looking years out at the election calendar, Trudeau's strategists pushed early for federal - provincial initiatives like Canada Pension Plan reform, a health accord and the framework for fighting climate change.

I thought I was set for retirement with pension plan benefits kicking in after 30 years of service.

I have been maxing out my 401k contributions for the past few years and I also defer 10 % of my gross income into a pension plan set up by my employer.

This is the very first day to fund traditional and Roth IRAs and Simplified Employee Pension Plan (SEP) IRAs for the current year.

«As with our pension obligations, as with our lack of investment in our urban centers, as with our lack of planning... we all take the blame for 30 years of inactivity.»

This decline appears to be attributable to final adjustments with respect to taxation year 2011 for employment insurance premiums, Canada Pension Plan premiums and tax transfers to the provinces.

For the year ended July 30, 2017, the company incurred gains of $ 178 million in Other expenses / (income)($ 116 million after tax, or $.38 per share) associated with mark - to - market adjustments for defined benefit pension and postretirement plaFor the year ended July 30, 2017, the company incurred gains of $ 178 million in Other expenses / (income)($ 116 million after tax, or $.38 per share) associated with mark - to - market adjustments for defined benefit pension and postretirement plafor defined benefit pension and postretirement plans.

About the RBC Investor & Treasury Services All Plan Universe For the past 30 years, RBC Investor & Treasury Services (RBC I&TS) has managed one of the industry's largest and most comprehensive universes of Canadian pension plans.

Only a small minority (roughly 15 to 20 per cent) of middle - income Canadians retiring without an employer pension plan have saved anywhere near enough for retirement and the vast majority of these families with annual incomes of $ 50,000 or more will be hard pressed to save enough in their remaining period to retirement (less than 10 years) to avoid significant fall in income.

Rising rates and a banner year for stocks could lift earnings at some large companies that have made an arcane but significant change to the way their pension plans are valued.

Rising interest rates and a banner year for stocks could lift reported earnings at some large companies that have made an arcane but significant change to the way their pension plans are valued.

The $ 308.4 bn pension plan also committed only $ 1.6 bn during the first half of its current fiscal year, less than half of an approved $ 4.7 bn allocation for the 12 - month period.

We discuss how taxable entities with underfunded pensions have been exploring the impact of increasing funding for their plans prior to the deadline for capturing the higher deductions (the deadline is generally 8.5 months after the 2017 plan year ends, so September 15, 2018, for calendar year plans).

The 401 (k) was originally developed as a supplement to traditional defined - contribution (pension) plans, but company cost - cutting over the years means that the 401 (k) has become one of the primary ways Americans save for retirement.

The Mining Association of Canada has also prepared a prebudget submission for the federal government that asks for interest charges on tax payments due this year to be waived and more time for miners to make pension plan payments.

And if the most recent bid of Ivanhoé, the real estate investment arm of pension plan manager Caisse de dépôt et placement du Québec, is any indication, then 2015 is poised to be another hot year for real estate deals in the U.S.

Here's how: Solo 401 (k) s and SEP IRAs: If you're self - employed and have a solo 401 (k) plan or Simplified Employee Pension (SEP) IRA, you can make extra contributions to either plan this year as an «employer» until the due date for your business income tax return, including any extensions.

The Mining Association of Canada has also prepared a prebudget submission for the federal government that asks for interest charges on tax payments due next year to be waived and more time for miners to make pension plan payments.

Other education related initiatives include resolving the issue of the Alberta teachers» pension plan shortfall and preventing a teachers» strike for five years; creating 1000 new spaces for post-secondary education students in energy, the environment, and economic studies; and creating 6000 new apprenticeship seats.

The reality of the pension crisis was underlined again last week when the board of the largest $ 330 + billion US public pension plan, California Public Employees Retirement System (CalLPERS), voted to shorten its period for amortizing future investment losses from 30 years to 20 years.

One of the most interesting pieces I've come across lately deals with an investment firm that's been managing the pension plan for Tampa's police and firefighters for over 40 years.

** The president and chief executive officer of the Ontario Teachers» Pension Plan is forecasting choppy investing conditions for the rest of this year, but says the fund is in a solid position to weather any storms.

He served for many years on the Investment Committee of the Pension Board for the United Church of Canada, a successful pension plan managing assets in excess of $ 1.3 bPension Board for the United Church of Canada, a successful pension plan managing assets in excess of $ 1.3 bpension plan managing assets in excess of $ 1.3 billion.

Mr. Moysiuk has served for many years on the Investment Committee of the Pension Board for the United Church of Canada, a successful pension plan managing assets in excess of $ 1.2 bPension Board for the United Church of Canada, a successful pension plan managing assets in excess of $ 1.2 bpension plan managing assets in excess of $ 1.2 billion.

Looking at the actuarial funded ratio for state and local pension plans, the aggregate funded status of these plans has significantly declined over the last 15 years despite equities attaining all - time highs in recent periods.

Those companies recognize the impact of their switch through a fourth - quarter adjustment to their earnings each year, to account for the difference between their expectations for their pension plans» performance and the year's actual results.

Before we dive deep, let's clarify something: The following analysis is based on the projected «Year's Maximum Pensionable Earnings» (YMPE), a figure defined by the Canada Pension Plan as the maximum cap for what is fair game to be «payroll taxed» by the government.

For many years, managers of defined benefit pension plans have recognized that non-traditional or «alternative» investments...

Not only do such women lose the pension the couple had planned on for their joint retirement; they are also, by virtue of their many years as unpaid nurturers, poorly equipped to re-enter the job market.

There are many great reasons for working at Heritage Park, including an excellent benefits and pension plan package for our year - round, full - time employees.

«George Osborne's plans would require the pension age for women to increase each year until 2016.

Skelos, R - Nassau County, reiterated that his conference wanted some sort of cost - saving for pensions this year, but said one of the more controversial proposals — a defined contribution plan — is losing steam.

Asked about Stringer's lack of investment income, his campaign noted that he does have a pension from his years of public service, a 457 deferred compensation plan (similiar to a 401K), which he can't touch until retirement, and a college savings account for his first child.

Mr Hammond welcomed the effort to tackle the problem of women's pensions, but warned that under the government's plans, in which only 30 years of NI contributions were needed for a full state pension, many women would still lose out.

Age UK believes that the state pension age should not begin to increase to 66 before 2020, which would give those affected ten years» notice and allow more time to plan for a delayed retirement.

Cuomo convened the mandate relief council in 2011, and during his first three years in office has helped localities by capturing cost increases in the Medicaid program and taking over its administration from counties, giving school districts more flexibility in how they set up bus transportation and imposing a less - generous pension plan for newly hired workers.

Cuomo has signaled a strong interest in rebuilding the Tappan Zee Bridge next year, and a possible plan includes using labor pension funds to pay for it.

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.»