Sentences with phrase «pensions credit by»

Research by the National Audit Office (NAO) finds while increasing take - up of pensions credit by ten per cent would lift up to 107,000 people out of poverty, doing the same for housing and council tax benefits would improve the lives of 130,000 people.

Not exact matches

Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.

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.

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»).

These benefits would (i) largely go to developers and contractors for infrastructure projects like new pipelines that would happen even without new incentives and so be highly regressive; (ii) raise costs by failing to reach the tax - free pension funds, sovereign wealth funds and international investors who are the most plausible sources of incremental infrastructure finance; (iii) not encourage at all the highest return maintenance projects like fixing potholes that do not yield a pecuniary return for investors; and (iv) by offering credits at an unprecedented 82 percent rate, invite all kinds of tax shelter abuse.

These benefits would (i) largely go to developers and contractors for infrastructure projects like new pipelines that would happen even without new incentives and so be highly regressive; (ii) raise costs by failing to reach the tax - free pension funds, sovereign wealth funds and international investors that are the most plausible sources of incremental infrastructure finance; (iii) not encourage at all the highest return maintenance projects like fixing potholes that do not yield a pecuniary return for investors; and (iv) by offering credits at an unprecedented 82 per cent rate, invite all kinds of tax - shelter abuse.

The Bush plan to privatize Social Security is basically Pinochet's and Thatcher's «pension fund capitalism» expanded to orchestrate bubbles by inflating asset prices on credit.

If Russia creates credit to pay wage arrears, pensions and to make other domestic payments, most such revenue will be re-spent within the Russia by its recipients, given the needy economic conditions of most workers and dependents.

Cities and states will preserve their credit ratings by annulling their pension obligations to public - sector workers, and raising excise and sales taxes — but not property taxes.

Consider that while a family's «minuscule stock «portfolio» or pension fund interest had grown by $ 2,600 or even $ 6,100,» the family's typical «debt load for college, health insurance, day care, and credit cards had jumped by $ 12,000.»

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

All three of Westminster's mainstream parties support universal credit, but none of them would want to be associated with the enormous mess made of its implementation by the Department for Work and Pensions (DWP).

In December, the House of Commons Work and Pensions Committee supported LITRG's call for an independent review of tax credit compliance processes following significant delays and difficulties faced by tax credit claimants trying to deal with Concentrix, the private company hired by HMRC to carry out tax credit checks on their behalf.

Budgets have turned into raffles when major U-turns on everything from tax credits and pension relief, disability payments and police cuts, and of course the crumbling of the notorious pasty tax, mean a group of angry MPs, led by disrespectful rebels in the Tory ranks, will pick big ticket items and batter a once unassailable Chancellor into another humiliating change of direction.

However, Labour has pointed out that there will be much lower in - work benefit payments for new claimants put on universal credit — the system championed by the work and pensions secretary, Duncan Smith.

Yet while ministers have been trying to reach their target of giving the pension credit to three million older people - a target they have missed - the take - up of housing and council tax benefits has fallen by five and ten per cent respectively since 1997.

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 Pension Credit for older people with just a small pension of their own will rise be # 5 a week from next April - # 260 per year - for a single person; and by # 7.65 per week and # 397 per year for a couple - guaranteeing every person over 60 at least # 6,450 Pension Credit for older people with just a small pension of their own will rise be # 5 a week from next April - # 260 per year - for a single person; and by # 7.65 per week and # 397 per year for a couple - guaranteeing every person over 60 at least # 6,450 pension of their own will rise be # 5 a week from next April - # 260 per year - for a single person; and by # 7.65 per week and # 397 per year for a couple - guaranteeing every person over 60 at least # 6,450 a year.

The # 110bn cost of the plan would be paid for by the abolition of pension credits and of tax relief on pension contributions.

Work and pensions secretary Peter Hain announced DWP fraud investigators will use information held by credit reference agencies to help locate benefit cheats.

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

Or he's a responsible and fair - minded chancellor, making sure (he hopes) that Britain is living within its means, borrowing only for capital spending and nothing else by the end of this Parliament, upping Labour's deficit repair job by 60 per cent, adding # 40b to the fiscal consolidation and protecting the state pension and poorer households» child tax credits into the bargain.

Child benefit frozen for three years Benefits, tax credits and public sector pensions rise by consumer prices index rather than retail price index (which rises faster)

The bill, sponsored by Senator Bill Larkin and Assemblywoman Amy Paulin, would have allowed veterans who served during peacetime to purchase up to three years of extra pension credit at a greatly discounted price.

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.

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.

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.

We want to reassure pensioners claiming housing benefit that they will not be affected by this policy now, or when Universal Credit begins, even if one partner is below pension age.

State pension payments were protected from the chancellor's move to limit inflation rises on benefits and tax credits to 1 %, rising instead by a minimum 2.5 %.

That this House declines to give a Second Reading to the Welfare Benefits Up - rating Bill because it fails to address the reasons why the cost of benefits is exceeding the Government's plans; notes that the Resolution Foundation has calculated that 68 per cent of households affected by these measures are in work and that figures from the Institute for Fiscal Studies show that all the measures announced in the Autumn Statement, including those in the Bill, will mean a single - earner family with children on average will be # 534 worse off by 2015; further notes that the Bill does not include anything to remedy the deficiencies in the Government's work programme or the slipped timetable for universal credit; believes that a comprehensive plan to reduce the benefits bill must include measures to create economic growth and help the 129,400 adults over the age of 25 out of work for 24 months or more, but that the Bill does not do so; further believes that the Bill should introduce a compulsory jobs guarantee, which would give long - term unemployed adults a job they would have to take up or lose benefits, funded by limiting tax relief on pension contributions for people earning over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate of income tax is being reduced, which will result in those earning over a million pounds per year receiving an average tax cut of over # 100,000 a year.

Another idea was to provide a tax credit but it was complicated by the fact state pensions aren't subject to state income taxes.

Poor pensioners were also hit by changes to pension credits, which will save the Treasury # 330m by 2014.

A senior Government source said that the MoD's place at the top of the list had recently been taken by the Department of Work and Pensions and the Universal Credit plan.

The chancellor will seek to placate backbench rebels, including former work and pensions secretary Iain Duncan Smith, by reducing the so - called taper rate at which universal credit is withdrawn as recipients» earnings rise, from 65p to 63p in every pound.

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

A competing Senate bill sponsored by Long Island Republican Sen. Carl Marcellino would apply only to elected officials and only to pension credits they amassed while in they office they disgraced, not any benefit accrued before then.

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.

While crediting then Gov. Hugh Carey and the Legislature's role in saving the city, Cuomo said the unions played a crucial part by voluntarily agreeing to concessions and investing in city bonds with their pension funds in order to help with the bailout.

The performance of the universal credit programme has been defended by the work and pensions secretary.

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.

A study of Illinois teachers by Maria D. Fitzpatrick found that, when given the opportunity to purchase pension credits to boost their benefits, they were only willing to pay 19 cents for a dollar of future compensation.

Readers will recall that earlier this year, despite a $ 9 billion short - fall in Connecticut's Teacher Pension Fund, Governor Malloy slipped language into his «Education Reform» bill to retroactively enlarge Adamowski's teacher retirement pension by giving him credit for the years he served as the Superintendent of Schools in Hartford, despite the fact that he was not certified to be the superintPension Fund, Governor Malloy slipped language into his «Education Reform» bill to retroactively enlarge Adamowski's teacher retirement pension by giving him credit for the years he served as the Superintendent of Schools in Hartford, despite the fact that he was not certified to be the superintpension by giving him credit for the years he served as the Superintendent of Schools in Hartford, despite the fact that he was not certified to be the superintendent.

So, when his crimes were exposed, Berndt gamed the system by accepting a $ 40,000 bribe and retired — but only after racking up another year of credit toward his pension.

In your case, Maria, since you haven't begun your defined benefit pension yet, you may qualify for the credit by drawing from your Registered Retirement Savings Plan (RRSP) account.

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.

Tax tip: If you don't already benefit from the pension income tax credit and you're 65 years of age or older, consider creating pension income by purchasing an annuity that yields $ 2,000 of interest income annually.

Conservatives: Introduce a «tax lock» plan to prohibit federal income tax and sales tax hikes along with increases to payroll taxes such as EI premiums for the next four years; cut EI premiums in 2017 from $ 1.88 to $ 1.49 per $ 100; phase in a new $ 2,000 Single Seniors Tax Credit, providing tax relief of up to $ 300 a year for seniors with pensions starting in January 2017; increase the Child Care Expense Deduction by $ 1,000 for children under age 7 to $ 8,000, to $ 5,000 for kids ages 7 to 16 and to $ 11,000 for children with disabilities.

Notes: Income up to $ 19,982 is shielded from federal taxes by the basic personal credit ($ 11,038), age credit for being 65 + ($ 6,854), and the maximum pension income credit ($ 2,000 from an employer pension, or if you're 65 or older, from a RRIF or registered annuity).

The chapter begins with the story of a 62 - year - old American woman who for decades did all the «right» things advocated by the personal finance gurus: she stayed in a corporate job for 17 years, put 10 % of her salary into her 401 (k) pension, saved another 10 % beyond that, avoided all credit - card debt and even «eschewed lattes... She did everything right.

If your RRSP has been converted to a RRIF by age 65, your withdrawals qualify for the pension income amount and up to $ 2,000 of non-refundable tax credits that can offset some or all of the tax on the first $ 2,000 of your withdrawals.