Sentences with phrase «pension protection retirees»

«If we're thinking about what type of pension protection retirees have, Wabush is the worst - case scenario,» says Simon Archer, a lawyer at Goldblatt Partners LLP in Toronto.

Not exact matches

Annuity experts say that Americans in retirement need the protection and income that annuities afford partly because of fast - disappearing private pensions and the planned elimination next year of some Social Security claiming strategies that can be used to boost retirees» monthly checks.

NKD recognizes that the New York State Constitution includes critical provisions that safeguard pensions for our retirees, quality education for our children, and state parks that we treasure, and we firmly oppose weakening those protections.

Regarding the first two groups, without running afoul of constitutional protections, states can curtail retiree health care, as Wisconsin and Ohio did, which frees up some resources to apply to immutable pension obligations.

With corporations, the protection of the Pension Benefits Guarantee Corporation [PBGC] has kept pensions safe up to a limit — as of 2016, up to roughly $ 60K / year for those retiring at age 65 (less for younger retirees) from single - employer plans, and $ 12,870 / year at most for those in multiemployer plans.

The retailer filed for protection from creditors in June and lawyers for Sears» retirees had been asking FSCO and Sears Canada to wind down the pension plan since 2014.