Sentences with phrase «pension proposal as»

Not exact matches

The Conservative government favoured PRPPs over more intrusive proposals for reform, such as expanding the Canada Pension Plan.

What could improve the PRPP proposal is allowing more than just financial institutions to act as pension administrators.

• I'm glad that I managed to figure out that President Obama's post-Presidential pension and other benefits are worth roughly twice as much as his Treasury proposal would allow regular people to have in pensions and retirement accounts without facing tax penalties.

If parliament gives its nod, Greek voters will be asked to rule on two complex draft documents that detail a proposal by the country's creditors to unlock aid of as much as 15.5 billion euros for Greece in return for sales - tax increases and pension reforms.

Investors are not particularly skeptical of proposals by unions and public pensions, but appear to view proposals by individual «gadfly» shareholders as value - destroying.

In the U.K., the pension - fund fee cap proposal came not, as you might imagine, from the left - wing Labour party; rather, it was the brain - child of the right - wing Tories.

Greek stocks rose as much as 3.6 percent 1:18 p.m. in Athens Tuesday after jumping 9 percent in the first trading session of the week when the government submitted new proposals addressing the areas of pensions, sales taxes and fiscal targets that had proven the chief barriers to a deal.

It remains to be seen if the proposal will be tied to measure that is more amenable to the business community, such as the new, less generous pension tier the governor included in the budget.

The proposal comes as lawmakers are drawing closer to an agreement on a constitutional amendment that would force public officials convicted of corruption to surrender their pension benefits.

However, opposition MPs condemned the proposals as too timid, and shadow work and pensions secretary Philip Hammond said they would be a «huge disappointment» to the 1.5 million families stuck on the current CSA system and expecting action.

The governor continued his track record of blocking pension sweeteners, such as a proposal that would have let the widow of a police officer killed in 1986 receive his retirement benefits and one to let a Department of Transportation worker retroactively enter into a higher pension tier.

The proposals are largely based on the recommendations of Lord Turner's three - year inquiry into pensions, and were described by work and pensions secretary John Hutton as a «comprehensive, integrated package of reform».

It also comes as the Comptroller is deliberating over an even more important proposal in the governor's budget, a bail out plan for local governments who are drowning in ever - rising pension payments.

That's how the press - critic - in - chief sees the spat as it's been covered between his office and Comptroller Tom DiNapoli over the budgetary powers and pension overhaul the governor is pushing in his $ 132.5 billion budget proposal.

The mailer in the Nassau County Senate district touts Cronin's proposals, including term limits for state lawmakers, campaign finance reform measures such as closing the LLC loophole, boosting penalties for corruption and support for stripping public officials of their pensions if they are convicted of corruption — the latter of which is now up for second passage in the Legislature next year as a constitutional amendment.

«Whilst we are getting on with the pensions proposals for the future of the country, whilst we are producing the energy proposal that guarantees energy security and climate change issues, whilst we are managing a huge investment in our schools as a result of the strong economy the chancellor has produced, whilst we're investing in the NHS - we've been doing all that what exactly has he been doing?»

Comptroller Tom DiNapoli, as you'll recall, said (in a statement to the New York Times) that he had «serious concerns» about Cuomo's budget proposal to allow cash - strapped local governments to borrow against future projected Tier 6 savings to provide more predictability in short - term pension payments.

The win for central New York comes after Miner, a former state Democratic Committee co-chairwoman, has publicly criticized Gov. Andrew Cuomo's policies, including his proposal to smooth out pension costs as a way to alleviate local government costs.

Mark Assini, supervisor of the Monroe County town of Gates and a financial analyst, has crunched the numbers of Gov. Andrew Cuomo's pension smoothing proposal and come to the conclusion that, as he put it during a telephone interview this afternoon: «Stephanie is right; she is absolutely right to question this.»

I sat down with Astorino of Westchester and Vanderhoef of Rockland to discuss the financing proposals for the bridge (including using private - sector pension funds for the project) as well as their frequent calls for mass - transit to be included in the design.

She has recently split with the mayor by supporting equal disability pensions for city uniformed employees, and by advocating for free school lunches for all public school students, both proposals Mr. de Blasio views as too expensive.

As a poll found that 82 % of Tories believed that Miller should lose her job over her expenses, the work and pensions secretary said he was «very open» to a proposal by parliament's expenses watchdog to introduce independent regulation of MPs.

Governor Andrew Cuomo is threatening to force pension reform through a recalcitrant state legislature if his proposals are not agreed to as part of the state budget.

State Comptroller Tom DiNapoli today issued an aggressive defense of the current pension system andm — without getting into specifics — slammed Gov. Andrew Cuomo's proposal to offer a 401 (k)- style defined contribution plan as part of his Tier 6 proposal, calling the change «unacceptable» and «extreme.»

«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.

Much of the legislation he vetoed had similar aims to bills he's opposed throughout his tenure: He has routinely nixed proposals to classify various officials as peace officers and to allow individuals to retroactively enter into a higher pension tier.

It is not a surprising development, given that Richards has been a strong supporter of the Cuomo administration, including Cuomo's push for pension reform that included the controversial smoothing proposal this year as well as gun control.

The annuity - based SUNY retirement model represents a far better alternative than the defined - contribution proposal in Cuomo's original Tier 6 plan, which would have made a poorly designed and underfunded 401 (k)- style retirement account an alternative to the traditional pension for all workers, unionized as well as non-unionized.

Lt. Gov. Bob Duffy, who has emerged as the leading defender of Gov. Andrew Cuomo's mandate relief proposals for struggling upstate cities, told Alan Chartock in an interview to air Friday that he would more than pleased with the pension smoothing proposal if he held his old job as the mayor of Rochester.

She ridiculed as a «gimmick» the governor's budget proposal to let municipalities reduce current pension payments and make up the difference in the future.

The proposal is supported by good - government groups such as the League of Women Voters who say corrupt public officials should not be entitled to collect state pensions for life.

ALBANY, N.Y. — Even as he tries to drum up support for his budget proposal, Gov. Andrew Cuomo said his next big project will be to reform public pensions working with New York City Mayor Michael Bloomberg.

Frank Field is one of these people who lots of people say is great until he is actually given any power, he manages both to agitate Labour MPs favourable towards welfare by coming out with solutions to time limit benefits and add workfare requirements, equally he is constantly saying that JSA rates are far too low as well as demanding pensions at high rates for all, Tony Blair and Gordon Brown both came to the conclusion that his proposals on the State Pension would have been hugely expensive - his pension plans could not all be funded by savings on the unemployed and would probably lead to a huge swelling in the welfare Pension would have been hugely expensive - his pension plans could not all be funded by savings on the unemployed and would probably lead to a huge swelling in the welfare pension plans could not all be funded by savings on the unemployed and would probably lead to a huge swelling in the welfare budget.

State officials have taken a big step in the fight against public corruption, as the Legislature has approved a proposal to enact a constitutional amendment that would strip taxpayer - funded pensions from state and local leaders who commit felonies in connection with their office.

«As Assembly Minority Leader, I was encouraged to hear the governor put forward priorities that fall in line with a number of Conference proposals, including: pension forfeitures for convicted officials, a Constitutional Convention, greater resources for our State Police and focus on public safety, tax relief for small businesses, tax credits for teachers, and a substantial investment in education.»

Mr. Cuomo's budget proposal would let municipalities and school districts address rising pension costs by borrowing more now — which will mean paying more later on, as interest rates, now at historic lows, are sure to rise.

As fire and police union officials rallied in Albany with Gov. Andrew Cuomo today for increased disability pension benefits for injured officers, the City Council hastily scheduled a hearing to vote through an opposing proposal from Mayor Bill de Blasio that the unions say does not go far enough.

«Mr. Wilson is demonstrating a lack of understanding as to the operations of the pension fund and Comptroller DiNapoli's proposal,» Tompkins said.

Miner, who also serves as the co-chair of the state Democratic Party, issued a statement today shunning the latest version of a proposal from Albany meant to help local governments face the skyrocketing pension payments.

The leader of the American Federation of Teachers, Randi Weingarten, sees some of the proposals, in particular the pension issue, as an attack on teachers.

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.

As previously noted the proposal to safeguard the teacher pension fund was pushed by the Connecticut Education Association, passed by the Connecticut General Assembly and signed into law by Governor Rell.

Instead, the government has backed an incremental approach, including pooled pension plans, tax free savings accounts and more recently the shared risk proposal, also referred to as target benefit plans.

Liberal critic John McCallum has criticized the proposal as inadequate, pointing out that it affects only the relatively small percentage of workers who are in federally regulated industries and those working for Crown corporations, saying it would likely lead to a downgrade in pension benefits overall.

As Blair explains in the show, a consumer proposal can help young people who have wages to protect, and can help seniors on pensions in some situations.

Doug Hoyes: Yeah, and I guess if you're retired but you've got a significant pension, perhaps you worked for a company that had a full pension plan, maybe you were a government employee and worked for a big company, than you still have significant income coming in just not enough to be servicing all the debts so you don't want to do a bankruptcy with the negative implications for that so in those cases, a consumer proposal does work as well then.

This was followed by a new proposal, keeping the Diageo Pension Scheme open until March 31 2018 as a final salary scheme, before being modified from April 1 2018 to provide career average revalued earnings accrual, with a 1 / 70th accrual rate, 8 per cent member contributions and a pension agePension Scheme open until March 31 2018 as a final salary scheme, before being modified from April 1 2018 to provide career average revalued earnings accrual, with a 1 / 70th accrual rate, 8 per cent member contributions and a pension agepension age of 60.

In relation to the proposal to keep the pension scheme intact rather than divided into two schemes or segregated into separately funded sections, the court did not see its role as second - guessing the directors» decisions.

The Solvency II proposal, as it currently stands, does not apply to pension funds.

Good Shepherd's Kathy Landvogt said highly discriminatory proposals such as where people will no longer be able to qualify for the Disability Support Pension on the basis of their substance abuse alone (estimated by Whiteford to affect fewer than 450 people each year, saving about A$ 22 million over five years) ignore the connection between mental illness and drug addiction, and threaten to breach basic human rights and that drug testing welfare recipients «comes dangerously close to criminalising poverty.»