Sentences with phrase «pension service credit»

Calling it an «oppressive unfunded mandate» that would impose $ 57 million in «near term obligations» on local governments across New York State, Governor Cuomo has vetoed a bill that would have allowed public employees to claim up to three years worth of pension service credit for time spent in military duty.

After holding it for four months, the state Senate has just sent Governor Andrew Cuomo a bill that would add hundreds of millions of dollars * to state and local pension costs by allowing public employees to claim pension service credit for time spent in peacetime military duty.

Not exact matches

Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.

These risks and uncertainties include competition and other economic conditions including fragmentation of the media landscape and competition from other media alternatives; changes in advertising demand, circulation levels and audience shares; the Company's ability to develop and grow its online businesses; the Company's reliance on revenue from printing and distributing third - party publications; changes in newsprint prices; macroeconomic trends and conditions; the Company's ability to adapt to technological changes; the Company's ability to realize benefits or synergies from acquisitions or divestitures or to operate its businesses effectively following acquisitions or divestitures; the Company's success in implementing expense mitigation efforts; the Company's reliance on third - party vendors for various services; adverse results from litigation, governmental investigations or tax - related proceedings or audits; the Company's ability to attract and retain employees; the Company's ability to satisfy pension and other postretirement employee benefit obligations; changes in accounting standards; the effect of labor strikes, lockouts and labor negotiations; regulatory and judicial rulings; the Company's indebtedness and ability to comply with debt covenants applicable to its debt facilities; the Company's ability to satisfy future capital and liquidity requirements; the Company's ability to access the credit and capital markets at the times and in the amounts needed and on acceptable terms; and other events beyond the Company's control that may result in unexpected adverse operating results.

American National and its subsidiaries offer a broad line of products and services, which include life insurance, annuities, health insurance, credit insurance, pension products and property and casualty insurance for personal lines, agribusiness and certain commercial exposures.

After Puerto Rico declared a form of bankruptcy May 3, The New York Times used these words to describe the U.S. territory's fiscal woes: «borrowing to pay operating expenses, year after year»; «unable to provide its citizens effective services»; and «rising pension costs, crumbling infrastructure, departing taxpayers and credit downgrades.»

Classic bank services in Denmark, primarily to retail clients, including bank accounts and debit / credit cards, mortgage credit, bank advice services and pension products.

by years of work, annuities, retirement dates, eligibility for military service, weeks of unemployment insurance or years of accumulated pension credits?»

A combination of budgeting practices, a well - funded pension system and structurally wealthy economy that relies on Wall Street led to Moody's upgrading the state's credit rating to Aa1, according to a report released Wednesday by the the investment service.

The measure is designed to provide up to three years of additional pension credit for an expanded pool for state and local government employees with military service.

Cuomo signed late Tuesday the legislation, which allows honorably discharged service members with five years of existing public pension credit to purchase three years of credit for their military service.

The Empire Center for Public Policy, a think tank that tracks public pension costs, said Silver's pension may be as high as $ 98,000 if additional factors such as his pre-Albany experience as a New York City Civil Court clerk and other service credits are included.

Current law prescribes only veterans who have served in specific conflicts receive up to additional three years of service credit in the pension system.

Twice before, the state Legislature has passed a bill that would allow all veterans to get a three - year service credit in the state's pension system, regardless of when and where they served.

From 2011 - with the exception of state pensions and pension credits - benefits, tax credits and public service pensions will rise in line with the consumer price index (CPI) rather than the generally higher retail price index (RPI).

Maximum pension benefits averaged $ 68,676 for the 2,495 members of the New York State Teachers Retirement System who retired in school year 2016 - 17 with at least 30 years of credited service time, according to data posted today on SeeThroughNY, the Empire Center's transparency website.

Cuomo celebrated Veterans Day by announcing a deal to let public workers obtain additional pension credits for military service.

ALBANY — The sponsors of a bill that would have allowed veterans to buy pension credit for service during peacetime condemned Governor Andrew Cuomo on Monday for his decision to veto the measure.

The legislation authored by Hudson Valley Republican and World War II comabt vet Sen. William Larkin, would amend current law that provides up to three years credit toward state pensions for military service during hostilities.

Heading into Veterans Day, New York Gov. Andrew Cuomo has vetoed legislation that would have authorized state pension credits for peacetime military service.

The program is different and less expensive than an early retirement program that would credit employees» extra years to their service and increase their pensions.

The Department of Work and Pensions was catapulted from ignoring online services completely (as it did from 1999 - 2010) into embracing digital by default as an integral part of the Universal Credit change, a huge benefits and tax credit re-integration push forced through by the former Tory leader Iain Duncan Credit change, a huge benefits and tax credit re-integration push forced through by the former Tory leader Iain Duncan credit re-integration push forced through by the former Tory leader Iain Duncan Smith.

Under current law, [state and local government] employees are eligible to purchase credited pension service time for up to three years of military service, providing they were in the military during the World War II, Korean War and Vietnam eras, or served in specified theaters of combat operations in Grenada, Panama or the Middle East since the 1980s.

Governor Andrew Cuomo on May 31 signed into law a bill that enables public school teachers and other public employees who are honorably discharged veterans and have five years in their civilian jobs to purchase up to three years of service credit toward their pensions.

Areas up for review include, for the first time, social security benefits, tax credits and public sector pensions, as well as departmental spending on public services.

Existing law allows only veterans who served during certain periods of combat — including World War II, the Korean War, the Vietnam War and Iraq — to obtain pension credits for their military service.

Gov. Cuomo announced a deal Wednesday to let public workers obtain additional pension credits for military service — after recently vetoing a similar bill.

ALBANY — Gov. Cuomo celebrated Veterans Day Wednesday by announcing a deal to let public workers obtain additional pension credits for military service.

New Jersey has seen its credit downgraded repeatedly by Fitch Ratings, Moody's Investors Service and S&P Global Ratings under Christie, mostly due to its deeply distressed $ 75 billion pension system and rapidly rising costs for health care.

He accused government of downplaying NAGRAT's outstanding issues of non - payment of the 2011 - 2012 increment credit arrears, three months arrears payment policy, poor handling of the second Tier pension issues of Ghana Education Service (GES) workers, staff rationalization and non-payment of transfer grants among other issues.

All benefits, tax credits and public service pensions, except the state pension and pension credit, will be increased in line with consumer prices inflation, rather than retail prices inflation, from next year, saving around # 6 billion a year by the end of the next Parliament.

However, the loss from mobility continues to widen in the following years, as the teacher who stays becomes eligible for earlier and earlier retirement, while the teacher who moves does not earn enough service credit to advance the pension from age 60.

Specifically, splitting 30 years of service credit between two jobs delays the first pension draw and can also affect the replacement rate (the annual pension as a percentage of FAS).

Both partners then have a right to challenge or dispute the information provided by the other and to appeal Service Canada's decision about pension credits.

The relevant form for applying for a CPP pension split is the CPP Credit Split form (ISP1901) available on Service Canada's website.

While you can expect public service pension credits already earned to be unaffected, future benefits are likely to be curtailed.

How to apply: Depending on your circumstances, either via the Jobcentre or Pensions Service if you're getting Pension Credit.

Credited service typically is the number of years the participant worked for a company while participating in the company's pension plan.

Credited Service (or Benefit Service)- The amount of time that counts toward a participant's pension benefit.

USERRA requires pension plans to grant pension credit (see Credited Service) for time served in the military if a participant leaves his or her job to serve in the uniformed services and, soon after leaving military service, is re-employed by the employer that sponsored thService) for time served in the military if a participant leaves his or her job to serve in the uniformed services and, soon after leaving military service, is re-employed by the employer that sponsored thservice, is re-employed by the employer that sponsored the plan.

Financial Services Commission of Ontario The Financial Services Commission of Ontario (FSCO) regulates insurance, pensions, credit unions, caisses populaires, cooperatives, mortgage brokers and loan & trust companies.

Counsel and engagement partner for some of Manitoba's largest pension plans and companies, including The Manitoba Civil Service Superannuation Board, the University of Winnipeg Trusteed Pension Plan, TransX Ltd. (one of Canada's largest privately held trucking companies and a Top 50 Best Managed Company), Richardson International (Canada's largest privately held agri - business company), Assiniboine Credit Union Limited (one of the 10 largest credit unions in Canada) and The Dufresne Group (one of Western Canada's largest independent retailers and a Top 50 Best Managed Cpension plans and companies, including The Manitoba Civil Service Superannuation Board, the University of Winnipeg Trusteed Pension Plan, TransX Ltd. (one of Canada's largest privately held trucking companies and a Top 50 Best Managed Company), Richardson International (Canada's largest privately held agri - business company), Assiniboine Credit Union Limited (one of the 10 largest credit unions in Canada) and The Dufresne Group (one of Western Canada's largest independent retailers and a Top 50 Best Managed CPension Plan, TransX Ltd. (one of Canada's largest privately held trucking companies and a Top 50 Best Managed Company), Richardson International (Canada's largest privately held agri - business company), Assiniboine Credit Union Limited (one of the 10 largest credit unions in Canada) and The Dufresne Group (one of Western Canada's largest independent retailers and a Top 50 Best Managed CoCredit Union Limited (one of the 10 largest credit unions in Canada) and The Dufresne Group (one of Western Canada's largest independent retailers and a Top 50 Best Managed Cocredit unions in Canada) and The Dufresne Group (one of Western Canada's largest independent retailers and a Top 50 Best Managed Company)

FSCO regulates the insurance sector; pension plans; loan and trust companies; credit unions and caisses populaires; the mortgage brokering sector; co-operative corporations in Ontario; and service providers who invoice auto insurers for statutory accident benefits claims.

ANICO offers a multitude of insurance products, including life insurance, retirement annuities, accident and health insurance, pension plan products and services, credit insurance, and property / casualty insurance for personal lines and agribusiness.

They offer a number of financial products, including «life insurance, retirement annuities, accident and health insurance, pension plan products and services, credit insurance, and property / casualty insurance for personal lines, agribusiness and targeted commercial exposures».