Sentences with phrase «pension system for»

A stalemate in Lansing over closing a pension system for public school teachers is threatening to derail adoption of the state budget in June.

Partially this had to do with maintaining a very expensive pension system for groups like the United Auto Workers.

Steel tycoon Andrew Carnegie created the Carnegie Foundation for the Advancement of Teaching in order to administer a pension system for college professors.

Maintain the pension system for government employees?

As the authors make clear, the current defined benefit pension systems in place across the country do offer a higher maximum level of compensation for the minority of teachers who stay in the profession and remain in the same pension system for their entire careers.

The teachers association, which endorsed Newsom, also asks candidates if they will oppose using student test scores as an element in determining teacher salaries; support collective bargaining for school employees; and oppose replacing the pension system for public employees with a 401k - style retirement plan.

For three years now PSI has been warning that New Jersey had neglected its government employee pension system for so long that the state's 2010 and 2011 reforms were inadequate to save the system.

Unless teachers know, with absolute, 100 % certainty, that they're going to stay in the same pension system for their entire career, they would likely be better off in less backloaded retirement plans that offer more retirement savings earlier in their career.

With every paycheck the novice teacher earns, both she and the district make a contribution to a pension system for a benefit far off in the future that she may not collect.

ALBANY, N.Y. — Gov. Andrew Cuomo will soon announce a proposal for a new, less generous pension system for future state, local and school employees that is designed to save...

The governor has had DFS looking into the Common Retirement Fund, the $ 178.6 billion pension system for which Mr. DiNapoli is the sole trustee under state law.

That's why the Governor has called for changes in the public pension system for new employees.

The reduced contribution rate — good news for local governments that pay into the state pension system for their public employees — was long anticipated from DiNapoli.

At a speech given at Hofstra University, Cuomo announced a proposal for a new, less generous pension system for future state, local and school employees that is designed to save taxpayers $ 93 billion over 30 years, according to two officials briefed on the plan.

In Jon Lender's column «Pension Payoff: Big Jump» [March 29], he describes a very generous pension system for state employees.

In a major blow to Gov. Chris Christie that complicates his 2016 ambitions, a New Jersey judge ruled that he violated state law when he declined to make the full payment into the state's pension system for public employees last year and ordered him to find a way to fund it now.

He created a new tier in the pension system for newly hired workers.

Instead, Astorino, the Republican county executive of Westchester took a direct shot at the Legislature, releasing a 10 - point ethics reform package that called for everything from term limits and a less generous state pension system for state lawmakers to an overhaul of the state's Byzantine campaign finance laws.

Astorino advocates for a change in the pension system for new hires to use a hybrid system - the best of a defined benefit with the creation of a defined contribution.

Governor Cuomo's budget director, testifying before a legislative hearing, faced tough questions from lawmakers on the governor's new proposed defined benefit pension system for state workers.

The Republican plan perpetuates the Tier 2 pension system for new workers.

On the surface, the Republican plan offers a way out of the pension system for current workers.

Pension woes blame Now that the Securities and Exchange Commission's cease - and - desist order has revealed that the state's politicians have underfunded the pension systems for 19 years, I would hope that the Tribune and others would stop blaming the employees who have their pension contribution deducted from every one of their checks.

Not exact matches

State pension funds, facing a potential multitrillion - dollar shortfall, find themselves in the center of a four - way battle: Employees and retirees expect to be paid their promised benefits; the pension systems have clear obligations but may not have the resources to pay them; politicians are looking for ways to resolve the underfunding and balance the burden among retirees and workers; and state taxpayers, challenged to provide for their own retirements, resent the additional tax load.

In the Melbourne Mercer Global Pension Index last year, for example, Canada placed a close second to Australia, based on the quality of our pension system among a select group of 11 couPension Index last year, for example, Canada placed a close second to Australia, based on the quality of our pension system among a select group of 11 coupension system among a select group of 11 countries.

He has also pushed for reforms to the country's pension system.

France's mostly taxpayer - funded public pension system may do better at ensuring every retiree is sufficiently funded (for now), and America's mostly private pension patchwork may be more sustainable into the future, but our hybrid system of individual -, employer - and government - funded benefits ranks high on both criteria, sufficiency and sustainability — «which is uncommon,» says Morin

TORONTO — The 2013 - 14 financial year was an unusually strong one for the Canada Pension Plan Investment Board, which earned a 16.5 per cent annual return on the billions of dollars in assets it manages for the national retirement system, but its CEO cautions that level of growth likely won't soon be repeated.

Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, and capital markets conditions and other factors beyond the Company's control, including natural and other disasters or climate change affecting the operations of the Company or its customers and suppliers; (2) the Company's credit ratings and its cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and market acceptance of new product offerings; (6) the availability and cost of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial market risks that may affect the Company's funding obligations under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly reports on Form 10 - Q (the «Reports»).

The International Monetary Fund for years has documented that asking ever healthier taxpayers to wait a little longer for their pension benefits is among the handful of measures that will allow developed economies to save their public retirement systems for bankruptcy.

Chile provides a safety net for those who fall into poverty in old age, but it's still an imperfect pension system that needs work.

The sustainability of a pension system is important in that arrangements that are put in place at a particular moment in time are often counted on to deliver incomes for decades into the future.

State and local employees» contributions to the two largest pension systems increased by 10 %, from 5 % to 5.5 % of their annual salaries and increased the retirement benefit age for new public employees, from 55 to 60 years.

The system could be expanded to include taxpayers with income from dividends, interest, pensions, individual retirement account distributions, and unemployment insurance benefits, as well as low - income earners qualifying for the earned income tax credit (EITC).

For example, the largest U.S. pension, California Public Employees» Retirement System, is considering more than doubling its bond allocation to reduce risk and volatility as the bull market in stocks approaches nine years.

In the next fiscal year, New Jersey's pension system will reach a «tipping point» to where it will pay more for retiree health premiums than active employees, a first in the state's history and «unsustainable,» the governor said.

Anne Sheehan is the Director of Corporate Governance for the California State Teachers» Retirement System (CalSTRS), the largest teacher's public pension fund in the USA, where she is responsible for overseeing all corporate governance activities for the fund including proxy voting, company engagements and managing $ 4 billion placed with activists managers and sustainability managers.

The New York City Employees» Retirement System; the New York City Fire Department Pension Fund; the New York City Teachers» Retirement System; the New York City Police Pension Fund; and the New York Board of Education Retirement System, as joint filers (NYC Retirement System), c / o The City of New York, Officer of the Comptroller, 633 Third Avenue, 31st Floor, New York, New York 10017, which in the aggregate held 12,707,578 shares of common stock on November 15, 2011, the New York State Common Retirement Fund, whose address is the same as that of the NYC Retirement System, which held 19,560,008 shares of common stock on November 22, 2011, and the Illinois State Board of Investment on behalf of the State Employees» Retirement System of Illinois, c / o 180 N. LaSalle Street, Suite 2015, Chicago, Illinois 60601, which in the aggregate held 928,927 shares of common stock on November 18, 2011, the Judges» Retirement System of Illinois and the General Assembly Retirement System of Illinois, as co-filers, intend to submit a resolution to stockholders for approval at the annual meeting.

Bloomberg News provides an interesting look at Greece's pension system, seen as a major problem for its government as it scrambles to slash its deficit.

I would argue that the one of the primary reasons the Fed is working hard to keep the stock market propped up is because, if the Dow / SPX / Nasdaq were to fall 5 - 10 % for an extended period of time — as in more than a month — the entire U.S. pension Ponzi scheme would blow up and decimate the financial system.

The new system reduces the pension payouts to 40 % of your base pay if you stay for 20 years, or 60 % if you stay for 30 years.

The current military retirement system provides a generous pension — starting at 50 % of your base pay every year for life if you stay in the service for 20 years, or up to 75 % if you remain for 30 years.

The $ 2.5 bn pension system's executive director allegedly arranged «for impromptu meetings with investment firms to justify travel expenses.»

SS: In previous interviews you've mentioned your preference for the pay - as - you - go pension system in Germany which was like that of Allende's.

The new system replaces the basic and additional pensions for people reaching the state retirement age from 6 April 2016

In 2010, Kohlberg sold USIC to the private equity arm of Ontario Municipal Employees Retirement System (OMERS), one of Canada's largest pension plans, for an undisclosed amount.

The result is a demographic time bomb in a nation without a proper pension system and sparse state care for the elderly.

Bailout inspectors resumed talks in Athens on Wednesday, pressing Athens for further cost - cutting reforms that include an overhaul of the country's pension system.

The California Public Employees Retirement Systems (Calpers) at $ 342.5 bln AUM is the largest public pension fund in the USA (as social security is not funded, opting for a «pay as you go» approach).

75, the federal government also introduced virtually all of the major policy innovations that make up Canada's system of social programs: Canada - wide Medicare, universal pensions, the modern unemployment insurance system, and cost - sharing with the provinces for higher education and welfare.