Sentences with phrase «percent pension cuts»

They include 25 percent public wage cuts and 15 percent pension cuts.

Not exact matches

The New York State Common Retirement Fund, which is the third - biggest public pension fund in the U.S., cut its target last month from 7.5 percent to 7 percent.

As part of the reforms, Athens has promised to cut pensions in 2019 and cut the tax - free threshold in 2020 to produce savings worth 2 percent of gross domestic product.

The new legislative package, agreed on late Sunday, consists of the pension reform and direct and indirect tax reforms, which will allow the government to achieve some 5.4 billion euro spending cuts and to ensure savings to meet a 3.5 percent budget surplus target by 2018.

Advocates noted that even before Hurricane Maria, Governor Ricardo Rosselló was set to impose cuts in worker hours and salaries, including a 10 percent cut to pensions.

The law in question takes away nearly all collective bargaining rights from public workers and also forces state employees to contribute more toward their pension and health care benefits, amounting to an 8 percent pay cut.

The law would require most public sector workers to contribute more to their health care and pensions, changes that amount to an average 8 percent pay cut.

Starting in October, many Teamsters workers and retirees covered by the New York State Teamsters Conference Pension and Retirement Fund had their benefits cut by as much as 29 percent.

Some details have already emerged on the deals, which have no pay increases, include the 16 unpaid furlough days which amount to roughly a 3 percent pay cut, and call for higher contributions for pensions and health insurance.

While the plan called for a cut of 5.5 percent to education, dropping per - pupil funding by $ 550, funding limits could be offset at the district level by increased employee contributions to health care and pension programs, and by giving local school districts other tools such as wage freezes and adjustments in salary schedules.

Despite years of fully funding its share of the teacher - pension plan, the proportion of the St. Louis district's budget tied up in paying benefits for its teachers now makes up about 10 percent — a factor that, coupled with other rising costs, is fueling ongoing cuts in this beleaguered district.

Following a 13 - day statewide strike among West Virginia teachers last month which culminated in an across - the - board 5 percent raise, teachers in Arizona have conducted a series demonstrations demanding higher pay, while Kentucky teachers have rallied to protest proposed cuts to their pensions.

A report expected next week on reforming Connecticut's state employee public pension system will recommend cutting the annual expected rate of return by 1 percentage point to 7 percent, a lead researcher told Reuters on Friday.

In a Pew Research Center poll this month, 47 percent of respondents said their states should cut pension plans for government employees, which made it the most popular option on the table.»

In addition to school closures and charterization of the island's school system, FMPR is also fighting proposed cuts to public sector pensions, which the board has suggested should be cut by 25 percent.

Eleven of the plan sponsors cut their pension investments in shares by more than 10 percent last year.

Today, there are many factors that have the majority of Americans (59 percent) very worried about having enough money for retirement.1 Factors such as a slow - to - recover economy, disappearing pensions, possible Social Security cuts, and the very real possibility of outliving your money.

He opted to retire by the cut - off date, which meant he would receive only 80 percent of his pension.

Today, there are many factors that have the majority of Americans (59 percent) very worried about having enough money for retirement.1 Factors such as a slow - to - recover economy, disappearing pensions, possible Social Security cuts, and the very real possibility of outliving your money.