Sentences with phrase «pension promises made to»

Public pension crisis: States across the country face structural budget deficits as a result of too - generous pension promises made to their employees.

That said, the pension promises made to those older in most developed countries are not sustainable.

While it has received # 28.8 billion of assets from the pension fund, it has also been left with # 37.4 billion of liabilities, which are the pension promises made to Royal Mail's workers.

Not exact matches

He then gave a passionate victory speech that sketched out a stronger global role for France and promised to waste no time making the national economy a much more business - friendlyplace, with controversial labour - market, pension, education and constitutional reforms, not to mention tougher measures on crime and immigration.

As pension costs have tripled in the past five years, states have struggled to find somewhere in the budget to make up the difference between what they have promised to future retirees, and what the books are showing.

Rising housing prices raise the cost of living, while rising stock and bond prices increase the cost of buying a retirement income — leaving pension funds unable to make good on their promises.

This includes the splitting of pension income for seniors, (to make amends for breaking its promise on the taxation of family trusts); special tax preferences to support participation of youth in sports activities, arts and cultural activities; tax breaks for people who take public transit; and, tax breaks to help volunteer firemen.

You, the council taxpayer, are required to honour promises made to pension scheme members.

The # 54 billion deficit means that pension fund returns are not matching promises made to scheme members.

If Local Government Pension Scheme (LGPS) funds deliver insufficient returns to meet promises to LGPS members councils have to make up the difference.

He accused the government of failing to fulfil promises made to cocoa farmers to provide them with incentives such as housing, a pension scheme and feeder roads to cocoa growing communities.

In today's low - return environment, the pension promises being made to state and local employees in general, and public school teachers in particular, have become very expensive and difficult to maintain largely because the largesse of the pension plans assumes long run returns on the order of 7.5 percent (or higher).

The gap between the promises states have made for public employees» retirement benefits and the money they have set aside to pay these bills was at least $ 1.4 trillion in fiscal year 2016, according to Pew's comprehensive analysis on pension and retiree health care funding.

That way, you are to some extent findependent of government programs or — God forbid — findependent of a corporate pension plan that fails to make good on its pension promise once you're too old to go back to the work force.

Perhaps policy will relax the strain on those in the private sector who have made long - term promises to pay, like pensions.

This makes sense since the liabilities of a pension fund, its promise to pay pensions to its members, are denominated in its home currency.

Certainly, pensions aren't meeting their «hurdle rate» to make good on future promises.

Both the Liberals and the NDP have made election promises to allow for an increase in the amount Canadians can voluntarily put into the Canada Pension Plan.

For example, your pension benefit might be equal to one percent of your average salary for the last five years of employment, and then times your total years of service.1 Over the years, your employer makes contributions on your behalf and promises to make you regular, predetermined payouts every month when you retire.

A state in crisis can't meet its pension obligations, and so breaks promises made to teachers and state employees decades ago.