Though the Chinese government is currently trying to expand health insurance and
pension programs for its citizens, it faces challenges given the rising cost of living and health care.
The State Teachers Retirement System of Ohio, one of the nation's largest
pension programs for teachers, didn't make enough return on its investments in the last fiscal year to provide the bonus, said Herb Dyer, the fund's executive director.
They feared that upcoming bankruptcy proceedings would eliminate
the pension program for future retirees.
In an interview with WCBS 880's Steve Scott, Paterson noted that he vetoed a bill in 2009 that would have extended a long - standing
pension program for police, saying he believed pensions are «killing our economy» and didn't feel the police union was negotiating fairly with the state.
Governor Paterson worked hard to create a more reasonable
pension program for new state workers, but some of these bills undo that progress.
The governor will likely also reveal details of a proposed new
pension program for new public employees, another person familiar with plans said.
On February 8, the Belgian parliament passed a law (Pensioenovereenkomst voor Zelfstandigen, or POZ) that introduces a voluntary second - pillar
pension program for self - employed persons who are not company directors.
1776 — The National
Pension Program for Soldiers was passed even before the Declaration of Independence was signed.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing
programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development
programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787
program; 4) margin pressures and the potential
for additional forward losses on new and maturing
programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences
for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals
for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand
for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on
pension plan assets and the impact of future discount rate changes on
pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price
for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate
for our additional capital needs or
for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging
programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions
for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing
program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
UNB Fredericton remains popular forsome of its more specialized
programs, including an MBA in sport and recreationmanagement, and the student investmentfund — a year - long course
for second - yearstudents in which they manage a portionof the province's
pension fund.
Rather than a provincial plan, the CFIB supported voluntary
programs, like Pooled Registered
Pension Plans,
for enhancing retirement savings.
With so many U.S. corporations racing to the bottom — moving manufacturing to foreign countries
for cheap labor and no environmental responsibility, taking advantage of the H1 - B Visa
program to bring cheap workers in, lowering benefits and eliminating
pension plans — it's refreshing to learn that some companies are taking the exact opposite approach.
The Ontario
pension fund has a
program that invites employees to lobby
for backing (financial or otherwise) of a volunteer assignment in Canada or abroad.
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.
For example, it could share responsibility with the provinces for the management of the EI program, as it currently does with the Canada Pension Plan progr
For example, it could share responsibility with the provinces
for the management of the EI program, as it currently does with the Canada Pension Plan progr
for the management of the EI
program, as it currently does with the Canada
Pension Plan
program.
Under
Pension Fund Capitalism, employees are encouraged to think of themselves as capitalists in miniature — and provide
for their retirement by employee stock ownership
programs rather than saving up their wages themselves or having
pensions financed on a pay - as - you - go basis out of future production.
Minus any government
programs,
pensions other income and use the 4 % rule or 25 times your annual expenses to calculate how much you will need to save
for retirement.
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.
75, the federal government also introduced virtually all of the major policy innovations that make up Canada's system of social
programs: Canada - wide Medicare, universal
pensions, the modern unemployment insurance system, and cost - sharing with the provinces
for higher education and welfare.
Other direct
program spending, consisting of operating expenses
for Crown corporation, defence and all other departments and agencies, increased $ 2.3 billion (4.2 %), primarily reflecting increases in federal government employee
pension and other future benefit liabilities, reflecting the impact of lower interest rates.
The CUNA Mutual Fiduciary Consultants Investment Committee oversees the investments in the Institutional
Program for 401 (k) and
pension plans
for CUNA Mutual Retirement Solutions.
It shows that assertions questioning the capacity of the FEDERAL government to pay
for programs, usually prefaced with the call
for â $ ˜â $ ˜adult conversationsâ $ ™ â $ ™, and couched in terms such as fiscal sustainability, solvency, and unfunded liabilities, are red - herrings that will lead to needless reductions and privatizations of public
programs in health care, elder care,
pensions and so on.»
It was reported today that the Central States
Pension Fund, which handles the retirement benefit
programs for Teamster truck driver unions across several large States, has formally filed an application to cut benefits up to 60 %.
The combination of disagreement and agreement may well lead us not to consider splitting but to consider ways we might reorganize into co-denominations of sorts, separating in some ways but covenanting together in some ministries (e.g., relief aid, the publishing house, archives) and administrative
programs (e.g.,
pension and health benefits
for clergy).
j Major benefit
programs not included in the core analysis,
for reasons explained in the text, include civil - service retirement and other federal civilian retirement
programs ($ 73 billion), military retirement ($ 51 billion), and veterans» compensation,
pensions, and readjustment benefits ($ 56 billion).
Before the establishment of survivors» benefits, needy widowed mothers with children had to rely on state - run Mother's
Pension programs.56 These
programs scrutinized beneficiaries closely and were often administered to deny aid to women of color or women with objectionable morals or lifestyles.57 In contrast to discretionary (and often discriminatory) mother's
pensions, survivors» benefits uniformly extended coverage to widows of insured workers who were caring
for a child under the age of 18.58 There was no requirement of economic need.
Now, he said, the state has a «huge growing demand
for pensions that absorbs all revenue growth
for new
programs.»
Cuomo has long sought to consolidate and scale back the size of local governments in New York, which he has blamed
for the state's high property taxes — an assertion budget watchdogs say is more tied to the cost of
programs like Medicaid or employee
pensions.
DiNapoli was upbeat on Cuomo's 2015 - 16 budget, but wanted to know how Albany's money gurus can maintain balanced budgets in coming years when expenses
for significant
programs like education, Medicaid, health care and
pensions will continue to soar.
AFAIK Nordic welfare states have these mandatory
pension systems strictly
for pension and other social
programs are funded from government budget.
:: Urgently pay Edo State pensioners over 42 months outstanding
pension benefits and entitlements from the over N29bn Paris Club refunds received by your government and meant
for the payment of
pension arrears and gratuities;:: Adopt a human rights policy of guaranteeing regular payment of
pension benefits and entitlements so that pensioners and their families can live decently;:: Recognize the human rights of Edo State pensioners and ensure their full and effective enjoyment of those rights, as well as provide them with information to enable them to claim their rights;:: Treat all pensioners in Edo State as individuals with humanity and dignity and respect and promote their higher standard of living and improve economic and social conditions
for all pensioners;:: Provide Edo State pensioners with proper support and assistance to alleviate their plight, including by ensuring informal, community - based and recreation - oriented
programs for pensioners to help develop their sense of self - reliance and independence;:: Reduce opportunities
for corruption in the spending of the Paris Club refunds
Many of the state - passed
pension laws provided
for counties within the state to opt to participate in the
pension program.
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.
· Allowing counties an option to modify how they fund state mandated
pension contributions · Providing counties more audit authority in the special education preschool
program · Improving government efficiency and streamlining state and local legislative operations by removing the need
for counties to pursue home rule legislative requests every two years with the state legislature in order to extend current local sales tax authority · Reducing administrative and reporting requirements
for counties under Article 6 public health
programs · Reforming the Workers Compensation system · Renewing Binding Arbitration, which is scheduled to sunset in June 2013, with a new definition of «ability to pay»
for municipalities under fiscal distress, making it subject to the property tax cap (does not apply to NYC) where «ability to pay» will be defined as no more than 2 percent growth in the contract.
The battle comes after the Cuomo administration has been pressured to help counties more on costs mandated by Albany, an area where the governor's office insists it's already done the hard work, taking on the costs
for the growth in the
program while also pushing through a new, less generous
pension tier five years ago.
The city budget approved by the Council Monday included increases in spending
for programs like Say Yes to Education and infrastructure projects as well as decreases in spending on medical insurance and
pensions.
Traditional public employee
pension programs in New York State have become unaffordable
for taxpayers — while denying workers the ability to choose more flexible approaches to retirement planning.
While teachers who took advantage of the incentive will collect their fatter
pensions for decades to come, the incentive
program was branded a failure and is now history.
He's continuing to utilize a
program first enacted in 2010, when the state government and municipalities were socked with a spike in required
pension obligations to make up
for stock market losses related to the 2008 stock market crash.
Another government watchdog, Lawrence Norden, deputy director of the Democracy
Program at the Brennan Center
for Justice, said he would not be surprised if the Legislature passes the
pension stripping law or make small changes to require additional disclosures about lawmakers» outside income.
County officials, meanwhile, noted in a report last week that state - mandated
programs, such as Medicaid, welfare and
pensions, chew up fully 90 % of the revenue they collect in property taxes - leaving precious little
for local priorities, such as parks and law enforcement.
The
pension fund
for the State of California,
for instance, is trying to end its private equity investment
program because of poor results.
She also explained that even though there were two options available
for receipt of
pension entitlements,
programmed withdrawal and life annuity, retirees wishing to access their Retirement Savings Accounts would only be able to draw
pension under the
programmed withdrawal module.
The manifesto lists ways to make more progress, including coordinating national research
programs, improving cross-border arrangements
for pension and social security rights, or making research grants portable from one country to another.
• Limit districts» practice of making long - term commitments that they may not be able to fulfill by,
for example, encouraging them to shift to defined - contribution
pension programs and modifying tenure systems to allow
for staffing adaptations.
In other words, even when an ERI
program creates substantial savings
for school districts by reducing teacher salary costs, it still can cost the state money through higher
pension payments.
This year's new cohort consists of principals, researchers at major educational research organizations and centers, teachers who have been highly effective in the classrooms, an executive director
for a region of Teach
for America, policymakers from ministries of education, a founder of a volunteer organization working on
programs for homeless youths, an education fellow on the U.S. Senate Committee on Health, Education, Labor and
Pensions, leaders of professional development
programs for teachers, a director of development
for a private school, and individuals who bring years of experience in the corporate sector and are now turning their energies to the education sector.
Missouri's
pension boundaries would make it practically impossible
for high - performing school districts to operate a
program, run a school, or loan teachers within the Saint Louis or Kansas City boundaries, just as state
pension boundaries would make it impossible
for schools to effectively work across state lines.
Figure 2 contrasts with the relatively smooth accrual that would occur with a cash balance
pension plan (see our EFP paper
for an explanation of this type of
program, used by many large private employers and a few public employers).
The paper cited the «decision to sweeten an already lucrative
pension program in 1998 [as] a classic example of how public employee benefits are enhanced, often with privileged insiders pushing
for the deal, and little study in advance.»