Sentences with phrase «pension shortfall»
"Pension shortfall" refers to a situation where there is not enough money in a pension fund to cover all the future payments and obligations to retirees. It means that the pension fund does not have sufficient funds to pay the amount of money promised to retirees each month. Full definition
He was a 2010 Robert Novak Fellow with the Phillips Foundation, where he studied state pension shortfalls.
freebeacon.com
Meanwhile, the U.S. is already facing a $ 1 trillion pension shortfall due to an aging population and tight state budgets.
New Jersey's public pension shortfall, already one of the worst in the country, grew to $ 43.8 billion as of July 2015.
Even in a worst - case scenario — where there's a large pension shortfall and your employer goes bankrupt — your risk is limited to the extent of the shortfall.
That means if you're a younger employee who has yet to build up a large pension entitlement, you may be on the hook not only for contributing more to your own pension, but also helping cover the share of pension shortfall attributable to older colleagues who are already retired.
Moody's has long critiqued the use of overly ambitious investment return targets that allow funds to understate their true pension shortfalls.
The disappointing ratings are reflected in a second ICM survey for the News of the World, in which 57 per cent of people said they held Mr Brown responsible for Britain's current pensions shortfall, while a further 44 per cent thought that the chancellor's handling of pensions would impede his chances of winning the next election if he becomes the next Labour leader as expected.
U.S. Senate Minority Leader Chuck Schumer and Rep. Peter King joined Long Island Teamsters in calling for union pension shortfalls to be funded through Treasury bonds tied to the federal budget.
Other states continue to ignore these issues or have tried to address pension shortfalls through gimmicks or delays.
Despite the negative headlines about pension shortfalls Illinois and New Jersey bonds are both are underperforming the overall bond market but not by all that much.
Even big, supposedly safe Canadian stalwarts now have defined benefit pension shortfalls not in the millions, but in the billions of dollars.
Bottom line: supply and demand imbalances and yield hungry markets appear to be outweighing the fundamental factor of potential pension shortfalls.
The municipal bond market has been buffeted by pension shortfalls, Puerto Rico, Chicago, Detroit and other news worthy events.
The company is wracking up losses and has a $ 1.2 B pension shortfall.
On February 16, 2016, the Ontario government announced that they have decided to delay the effective start date of the Ontario Retirement Pension Plan (ORPP) after entering into an agreement with the federal government that would allow for time to find a solution to individual Canadian pension shortfalls and a possible enhancement to the CPP.
He was a 2010 Robert Novak Fellow with the Phillips Foundation, where he studied state pension shortfalls.
Economists have warned that the U.S. faces a $ 1 trillion pension shortfall due to an aging population and tight state budget.
Now Brown - Forman has adapted to a world of high alcohol taxes, but there is always the risk that in the future, cash - strapped local and state governments, perhaps desperate to make up their public pension shortfalls, start hiking all manner of taxes.
The best - known recent example of Canadian pensioners being caught short occurred after Nortel went bankrupt in 2009 with a large pension shortfall.
The pension concessions made by workers that Rovinescu trumpeted in 2010 will expire next year, and the airline now faces a $ 4 - billion pension shortfall.
On the second substantial issue facing the airline, the pension shortfall, Air Canada almost certainly needs to broker a compromise, likely involving contributions from both sides, and perhaps the federal government, to cover the gap.
China: China's pension shortfall has been rising.
When Moody's applied this methodology to Cook County's 2012 pension shortfall, it found that the shortfall jumped more than 126 percent.
The 2016 budget is currently $ 4 billion out - of - balance, the state's credit rating has fallen to within four notches of junk status, and the state's pension shortfall has reached an all - time high of $ 111 billion.
Millions of government workers are relying on these plans, and with various states in a pension shortfall, employees are at risk of losing much - needed funds.