Sentences with phrase «public employers contributed»

Throughout the 1990s, as public employees contributed 3 percent of salary each year, public employers contributed only token amounts.

Not exact matches

Current obligations are due to reforms necessitated by the Wall Street crash of recent years and a decade of public employers not contributing to the system while employees contributed 3 percent of salary;

For non-levy-paying employers, they will be required to contribute 10 % of the cost of the apprenticeship, with the remaining 90 % funded by the public purse.

While some unfunded pension liabilities are due to market fluctuations, including sharp stock market declines in 2002 and 2008, leading economists say the most severe cases are due to politicians» failure to keep up with employers» share of pension payments over many years (most public - sector workers also contribute toward their own pensions).