Sentences with phrase «pension systems often»
It will «end extravagant pensions for legislators... the legislative pension system often pays more than the legislator received while in office.»
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«Pension funds are often large participants in the financial system, as they are in Canada, and so risks in this sector merit careful monitoring,» Wilkins said.
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.
Nonetheless, pension funds are often large participants in the financial system, as they are in Canada, and so risks in this sector merit careful monitoring.
Over pay, pensions, force numbers and, most recently, the system of local police accountability, the two are often on opposite sides of the argument.
For example, management and political barriers often make it complex to build and share expensive, pan-European research facilities, and a patchwork of vastly different pension and social security systems can make moving across borders very impractical or financially unattractive.
Compared to a teacher who has worked 30 years in a single state system, a teacher who has put in the same years but split them between two systems will often lose well over one - half of her pension wealth.
The authors find that charters which opt out of the state pension system most often offer teachers defined contribution plans (e.g. a 401 (k) or 403 (b)-RRB-, with employer matches that look a lot like those offered to university employees or private sector professionals.
Using the pension plan's own interest assumptions (often 8 percent), in half of states teachers need to stay in a single system for at least 24 years to simply break even on their contributions plus interest.
Beyond that point, the pension system quickly begins to punish teachers for staying on the job too long, pushing them out the door at a relatively young age, often in their mid-fifties, even if they are still effective teachers.
Pensions systems have been often described as anachronistic and unfit for the current labor force.