Sentences with phrase «pension protection for workers»

The government offered «inadequate» pension protection for workers whose companies went bust but does not necessarily have to compensate them, a court has ruled.

Not exact matches

The current bill would change a constitutional protection for public workers that their pension «shall not be diminished or impaired.»

Last month, the European court ruled the government had failed to properly implement a 1983 EU directive requiring member states to provide proper protection for workers» pensions, saying it provided «inadequate» safeguards.

«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.

In Illinois, another state with a constitutional protection for government - worker pensions, the governor recently signed legislation that would raise the retirement age for mid-career workers and reduce cost - of - living adjustments for all workers who have not yet retired.

Defined benefit pension plans for teachers and government workers typically pay 2 % per year of service if you retire at 65, and offer either full or partial protection from inflation, says FitzGerald.

The Pension Protection Act, which is under consideration in the U.S. Senate this week after passage in the House late Friday, would let 401 (k) providers like mutual funds, brokerage firms and insurance companies help workers choose specific funds for their retirement accounts.

SB 6203 addressed transition job losses by offering up to two years of pension protection and worker retraining for union and non-union fossil fuel workers.

OTTAWA — Canadian workers have finally won new legal protection for their wages and their pension contributions when their employer goes bankrupt.