Sentences with phrase «pensions secretary]»

«If Air Canada workers are so important that strike could damage health of Canada, then they deserve good pay + decent pensions.»

The average Canadian senior's shaky financial status is another key factor: many have high levels of debt without the savings or pensions they need to maintain adequate lifestyles.

«Financial planners have an economic bias to encourage investors to take or keep lump sums as opposed to choosing pensions — because we can charge fees on the former, not the latter,» Maurer added.

Jensen says the dollar amounts that have already been shifted from equities to bonds are enormous, and much more will follow if pensions across the EU are included.

«There's a recognition by a lot of the provinces that a lot of people are going to retire with inadequate pensions and they're going to have to do something about it,» said president Ken Georgetti, adding that workers his group spoke to supported a provincial pension plan.

So workers could be pushed into unsafe conditions, their wages ripped off, their pensions dismissed, etc., all without fuss — as long as the Party bigshots received a share of the profits.

After all, their parents and grandparents fared well with pensions and social security.

The panel concluded that of the three pillars holding up Canada's retirement income system — government pensions and transfers, employer pensions, and individual savings — it's the latter two pillars that have weaknesses.

The retirement age has increased and pensions have been cut more than 10 times since the crisis started in 2010.

Its European creditors decided on Wednesday to suspend the implementation of short - term debt relief measures after the Greek government announced additional spending on pensions - an action that European partners deemed as «unilateral» and disrespecting the efforts agreed under the country's 86 billion euro ($ 89.75 billion) bailout program.

«Pensions are purely optional right now,» says Fred Vettese, chief actuary at Morneau Shepell, which provides pension consulting services.

The current round of hand - wringing over pensions got its start in late 2007, when the British Columbia and Alberta governments appointed the Joint Expert Panel on Pension Standards to examine the existing retirement system.

The microchips inside them are identical to Estonians» digital ID cards but come without citizens» rights, like voting or public pensions, and there is no obligation to pay taxes in Estonia.

The amount will increase when they reach age 67, although Jason says they'll only be eligible for partial state pensions, comparable to social security in the US.

But, Jason said, for the next decade they plan to restrict themselves to just living on the cash flowing from investments and ignore any capital or market increases in the value of properties, pensions, and shares.

It will withdraw proposed cuts to pensions as well as reductions in accident and disability benefits.

Higher costs for pensions are also a drag for the firm.

Workplace pensions are covering a smaller and smaller percentage of workers — in 1991, 45 % of workers had an employer - sponsored pension; today it's more like 33 % — and those who don't have a pension through work aren't saving enough.

Breathless news reports would have you believe employer - sponsored pensions are crumbling.

They had about # 30,000 (~ $ 36,800) in cash savings with the remainder of their net worth invested in rented - out residential property, private pensions, and investments including ETFs and bonds, Jason told Business Insider in an email.

«Just consider,» he explains, «these are full - time positions, hard to come by in the southern Okanagan, with good pay, good benefits and indexed pensions.

The Buckleys have 11 years until their private pensions — essentially the UK version of a 401 (k)-- will start paying out.

In the short run, this spending works as designed: the plant stays open, cars get produced, older workers retire with pensions and benefits and young workers are hired to replace them.

«We have to recover the public sector, we have to scare the free market out of our pensions, education, health care, and culture, and let the cooperative social sector come in and combat the casino economy of capitalism and financial speculation.»

Pensioners demonstrate to protest against deep cuts to pensions and measures included in the government's draft 2018 budget, on November 23, 2017 in Athens.

More important, laws around pensions need to change.

Baby boomers, with their inheritances, homes, and old - fashioned pensions, may appear to be on track for a solid retirement — but some experts say the forecast for the generation born from 1946 through 1964 isn't necessarily so rosy.

Everything that could possibly go wrong has: we're not saving enough, company pensions are being shut down, the ones that

In the past, CPP changes have resulted in offsetting changes by workplace pensions.

Over in the UK, many small businesses are undoubtedly thinking hard about the viability of employing extra staff before legislation that forces employment contributions to pensions comes into force.

«This social contract between employer and employee basically said, «If you come to work every day, and you work hard, and you give the corporation a measure of loyalty, we in turn will take care of you, often for the rest of your life, by extending healthcare and generous pensions to retirees.»»

That meant cutting back on pensions and perks, like those golf courses, where Ron Dedrick plays.

The press event capped a Tuesday hearing before the House Subcommittee on Health, Employment, Labor, and Pensions to consider Representative Kline's bill.

It's been 60 years since he started his investment - counselling firm, which now manages more than $ 36 billion in pensions and endowment funds, as well as corporate and private portfolios.

Canadians have gotten used to the idea that they can usually afford to retire in their early 60s (except for civil servants, who can usually retire earlier because of generous public - sector pensions).

The debate about aging too often is limited to pensions and generating economic growth with fewer productive workers.

Job security became more tenuous and pensions and healthcare benefits eroded.

But people are being encouraged to save for retirement and save as well outside of their pensions and RRSPs, so I don't think it would make sense to change the rates.»

Putting all three public pensions together is important because, as I mentioned, higher CPP income can mean lower benefits from the income - tested Guaranteed Income Supplement.

If an enlarged CPP displaces private - sector pensions, as many proponents wish for, Canadians will be relying more on government for their retirement needs.

First, all available evidence (see here, here, here, and here) suggests that our current public pensions do an adequate job of providing retirement income to lower - income Canadians.

Or, they target certain slices of the population, such as parents, seniors or pensions.

In his current role as President and Chief Strategist of Optimize Advisors, Mike uses pioneering and proprietary artificial intelligence technology to advise hedge funds, banks, pensions, mutual funds, insurance companies, and family offices in the effective use of listed options for enhancing returns and managing risk.

The first is the long term problem of setting enough money aside to pay for employee pensions.

These pensions are literally corporate killers, and I've witnessed it first hand.

Generally, the tax system is not really about pensions, legacy and social programs.

But ignoring the emerging - market opportunity is not an option if we mean to keep our health - care system, our pensions and our standard of living, HSBC's Gordon says.

Public pensions now have a tenth of their assets in these private and opaque vehicles; some endowments have much more.

The prevalence of public pensions in the U.K., which require ongoing cash streams to service their obligations, has helped to create a market culture that values higher yields.

Other than a paragraph promoting the tax - free savings account and a brief update on the pooled registered pension plan, there was nothing in there about helping Canadians save.