Sentences with phrase «pension systems under»

The speakers detailed a nationwide problem of pension systems under fiscal stress, and how climate investment risk compounds that stress.

The comptroller's retirement division runs municipal and state pension systems under the supervision of the retirement commission.

DFS examiners are looking at the issues raised in today's report, as well as several others, as we examine all of the pension systems under DFS's jurisdiction.»

Not exact matches

All of your employees who meet these criteria need to be entered into your pension scheme, under a system known as automatic enrollment.

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»).

Many countries have pension systems that can be looted after the manner perfected under Pinochet in Chile in the late 1970s.

Under the triple lock system a guarantee is made that state pensions will rise in line either with inflation, average earnings, or 2.5 %, depending on which is of the three is of the highest value.

The New York City bill would have imposed roughly $ 400 million in new costs on city taxpayers in the next four years, adding billions in liabilities to an already under - funded pension system.

In 1925, the Ministry of Health was charged with the administration of contributory pensions under the Old Age, Widows» and Orphans» Contributory Pensions Act 1925, which replaced the olderpensions under the Old Age, Widows» and Orphans» Contributory Pensions Act 1925, which replaced the olderPensions Act 1925, which replaced the older system.

Industry sources blame the city's byzantine system under former New York City Comptroller Bill Thompson, who oversaw many of the pensions» private equity investments from 2002 to 2009.

Moody's pointed to four state budgets that have kept spending under a 2 percent year - over-year growth rate and a pension system that helps mitigate high debt burdens.

· Allowing counties an option to modify how they fund state mandated pension contributions · Providing counties more audit authority in the special education preschool program · Improving government efficiency and streamlining state and local legislative operations by removing the need for counties to pursue home rule legislative requests every two years with the state legislature in order to extend current local sales tax authority · Reducing administrative and reporting requirements for counties under Article 6 public health programs · Reforming the Workers Compensation system · Renewing Binding Arbitration, which is scheduled to sunset in June 2013, with a new definition of «ability to pay» for municipalities under fiscal distress, making it subject to the property tax cap (does not apply to NYC) where «ability to pay» will be defined as no more than 2 percent growth in the contract.

The New York Times, graphing pension layouts for the 25 top borrowers, reports Rockland's contribution to the state system to be about $ 30 million, to support pensions for a payroll of just under 3,000 employees, and estimates Rockland's borrowed portion at between one - quarter to one - third of its contribution.

There's a lot going on in the NYPD at the moment, labor negotiations, some 10,000 of our officers are under a new pension system that limits signficantly the amount — this occurred about four years ago when Gov. [David] Patterson signed a bill at midnight.

The Senate President's motivation for the reform package of 2011 was to save the pension system from going under, to ensure that hard - working public employees received their pensions during retirement that they had been counting on throughout their careers.

The NYC public employees don't give a darn about the Common Pension System because they have their own and it is not under the State Comptroller.

The Child Support Agency (CSA) is an executive agency of the Department for Work and Pensions, which is responsible for administering the system of child maintenance under which non-resident parents are required to pay towards the upbringing and support of their children.

Problems continued under the new system and in December 2006, Work and Pensions secretary John Hutton announced plans to set up the Child Maintenance and Enforcement Commission (CMEC) to take responsibility for the UK's child maintenance system.

The governor is a big proponent of pension reform, particularly when it comes to oversight of the pension system, which he would like to see under control of a board and not a sole trustee (the state comptroller).

Stephen Crabb, the work and pensions secretary, said: «UC is transforming welfare and is central to our vision for our society where people of all backgrounds can earn a decent wage and provide for their families, with claimants moving into work faster and earning more than under the old system.

Executive Director Pat Foye and administrators of the PA's PATH system were deemed eligible to collect pensions from both New York and the federal Railroad Retirement Board under a questionable «legal finding» by the authority's lawyers, sources said.

Districts and Municipalities should be encouraged to plan their budgets like any other year, and plan to override the cap when essential services will suffer — because taxes will not go down under the current property - tax based system (or healthcare system or pension system).

HARTFORD — Connecticut would be the first in the nation to split its state - employee pension system into two systems under a plan detailed Tuesday by Boston College researchers.

Susan Lerner, executive director of Common Cause New York, a government watchdog, said the pension system was already under financial strain, so reining in the costs by thwarting abuses should be a priority in Albany.

In fact, he largely strayed away from criticizing Stringer's record in arguably the most important aspect of the job, instead pivoting to the city's increased operating budget, though he did say the growing public personnel — which has increased dramatically under Mayor Bill de Blasio — has had a negative impact on the city's pension system by increasing obligations.

• Larry provided an overview of the five NYC pension systems whose assets under City management total $ 160 billion.

Nearly 1.3 m «silver strivers» — those working beyond the state pension age — would have to start paying national insurance to prop up the social care system, under plans being considered by the government.

He said he'd achieve peace with the unions, most of which are working under expired contracts, by modernizing the pension system, which he said he needs labor's permission to do.

«The reality is the vast majority of New York state public officials entered the public pension system well before then and therefore continue to operate under the old rules,» Buchwald said.

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.

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.

Under the bill, any state public official who is a member of a pension or retirement system and is convicted of a felony related to their public office could lose all of their pension benefits.

Biggs uses state pension data to look at how well these long - term workers fare under the current system.

It shows how benefits accumulate for newly hired, 25 - year - old females under the current pension system (blue line), a defined contribution plan (red line), a defined contribution plan with no employer contributions (dotted blue line), and a cash balance plan (dotted green line).

Under current pension systems, a teacher switching to a different career after five years leaves with virtually nothing in retirement savings.

Some districts do negotiate over who pays the contribution — the district or individual teachers — but under statewide pension systems, decisions about benefit structures and contribution levels are all made by state legislators, state comptrollers or treasurers, or even unelected pension boards.

Under an unusual arrangement dating back to 1948, information about the Boston - area transit agency's pension system doesn't have to be made public.

Illinois would continue operating under the original 1915 pension laws until 1939 when the modern - day Teacher Retirement System was created.

CHICAGO — Illinois Governor Bruce Rauner said on Monday he intends to block money earmarked for Chicago Public Schools» (CPS) teacher pensions under recent legislation because he feels it is too much of a «bailout» for a badly managed system.

Neither The New York Times nor teachers union leaders discuss how individuals lose out under current pension systems.

Did the math and realized that the teachers» portion of the pension system is still under water and, thus, has sensibly supported other reforms;

to take any action otherwise prohibited under subsections (a), (b), (c), or (e) of this section where age is a bona fide occupational qualification reasonably necessary to the normal operation of the particular business, or where differentiation is based on reasonable factors other than age; to observe the terms of a bona fide seniority system or any bona fide employee benefit plan such as a retirement, pension, or insurance plan, which is not a subterfuge to evade the purposes of this Act, except that no such employee benefit plan shall excuse the failure to hire any individual; or to discharge or otherwise discipline an individual for good cause

Under that plan, those who make more than the current maximum pensionable amount would end up paying more into the system, but would stand to receive a larger pension.

whether the consumer credit transaction or other transaction is made under the provisions of the National Housing Act, or where the creditor is exempt from licensing under this chapter, (ii) where the credit transaction is not a consumer transaction, (iii) where the credit transaction is by a trust institution as defined in Section 5 - 12A - 1 (1), in its capacity as a fiduciary under any plan or agreement qualified under 26 USC 401 (a) or defined by 5 USC 8437, 26 USC 403 (b), or 26 USC 457, or a trust exempt under 26 USC 501, or (iv) to any municipal pension system created under the laws of the State of Alabama.

(e) This section is intended to confirm and clarify existing law that none of the provisions of this chapter, other than the provisions of subdivision (1) of Section 5 -19-1 and Section 5 -19-3, apply to any transaction that is not a consumer transaction, or, where provided in subsection (a) to any transaction involving an interest in real property, whether or not a consumer transaction, to any transaction of a trust institution described in subsection (a), or to any municipal pension system created under the laws of the State of Alabama described in subsection (a).

With the federal government under pressure to reform Canada's pension system so that retiring baby boomers and future generations don't fall into poverty, the paper by the think - tank's chief economist William Robson and Alexandre Laurin offers one way to ease the challenge facing seniors at little cost to Ottawa.

Under these circumstances, your best best may well be to pay into the occupational pension system («Einkauf in die 2.

Expanded earnings - related pension coverage for low earners is a very bad deal under our current system.

TFI is a wholly owned subsidiary of TIAA, a leading financial services organization, with nearly 100 years of experience, and one of the world's largest pension systems, based on assets under management.

We have a pension system that's massively under funded and one of the things that the legislator looked to do is they stuck a very hefty filing fee on these.