Introduced in October 2012, the AE program is intended to promote long - term retirement savings — especially among low - income households — and reduce the financial burden on
the public pension system from population aging.
Not exact matches
Given Osiris's strong five - year record of growth and profitability, Bowers was able to help make Miller's wishes come true: he structured a deal that raised $ 13 million
from a large local
pension fund — the Pennsylvania Public School Employees Retirement System (see «What Pension Funds Want,» [Article link]-RRB--- by selling a package of subordinated debt and convertible preferred stock, which included a fixed interest rate and dividend
pension fund — the Pennsylvania
Public School Employees Retirement
System (see «What
Pension Funds Want,» [Article link]-RRB--- by selling a package of subordinated debt and convertible preferred stock, which included a fixed interest rate and dividend
Pension Funds Want,» [Article link]-RRB--- by selling a package of subordinated debt and convertible preferred stock, which included a fixed interest rate and dividend yield.
State and local employees» contributions to the two largest
pension systems increased by 10 %,
from 5 % to 5.5 % of their annual salaries and increased the retirement benefit age for new
public employees,
from 55 to 60 years.
Important factors that may affect the Company's business and operations and that may cause actual results to differ materially
from those in the forward - looking statements include, but are not limited to, operating in a highly competitive industry; changes in the retail landscape or the loss of key retail customers; the Company's ability to maintain, extend and expand its reputation and brand image; the impacts of the Company's international operations; the Company's ability to leverage its brand value; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue growth in its key product categories, increase its market share, or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's ability to realize the anticipated benefits
from its cost savings initiatives; changes in relationships with significant customers and suppliers; the execution of the Company's international expansion strategy; tax law changes or interpretations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; the Company's ability to complete or realize the benefits
from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions in the United States and in various other nations in which we operate; the volatility of capital markets; increased
pension, labor and people - related expenses; volatility in the market value of all or a portion of the derivatives we use; exchange rate fluctuations; risks associated with information technology and
systems, including service interruptions, misappropriation of data or breaches of security; the Company's ability to protect intellectual property rights; impacts of natural events in the locations in which we or the Company's customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's ownership structure; the impact of future sales of its common stock in the
public markets; the Company's ability to continue to pay a regular dividend; changes in laws and regulations; restatements of the Company's consolidated financial statements; and other factors.
The reality of the
pension crisis was underlined again last week when the board of the largest $ 330 + billion US
public pension plan, California Public Employees Retirement System (CalLPERS), voted to shorten its period for amortizing future investment losses from 30 years to 20
public pension plan, California
Public Employees Retirement System (CalLPERS), voted to shorten its period for amortizing future investment losses from 30 years to 20
Public Employees Retirement
System (CalLPERS), voted to shorten its period for amortizing future investment losses
from 30 years to 20 years.
The divestment represents the latest move by the city's
pension funds to dissociate the city's $ 160 billion worth of assets, one of the largest
public pension systems in the country,
from gun retailers, and firearm and ammunitions manufacturers in response to a wave of mass shootings.
Among his recommendations, Astorino favors switching elected officials
from the defined - benefit
pension plan to a defined - contribution plan; replacing the per diem
system for lawmaker expenses to one requiring stricter bookkeeping; and scrapping the state Joint Commission on
Public Ethics in favor of a new independent ethics watchdog appointed by the judiciary.
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.
A 2011 state law allowed judges to strip
pensions from convicted
public officials but only those who joined the
pension system after the law took effect.
The database includes every
public employer on the Island -
from the Village of Baxter Estates in Nassau, which has one active employee in the
pension system, to the Brentwood Union Free School District in Suffolk, the largest on Long Island, with 2,987 employees in the
system.
New York City has become the first major
public pension system in the nation to fully divest
from private prisons...
The fund is the third - largest in the nation, trailing California's two
public pension systems, both of which have divested
from some fossil fuel companies.
The reduced contribution rate — good news for local governments that pay into the state
pension system for their
public employees — was long anticipated
from DiNapoli.
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.
The fund, one of the largest
public pension systems in the nation, is now valued at $ 133.8 billion, down
from $ 146.9 billion at the end of the first quarter on June 30, state Controller Thomas DiNapoli's office said Tuesday.
Legislators
from both chambers pitched ethics reforms — and a host of other policy proposals,
from paid family leave to a more robust
system for organ donation — that will lead to clashes, namely the limiting of outside income for lawmakers and
pension forfeiture for those convicted of a crime related to their
public office.
However, voters are fed up with the union's attempts to keep a failing
public education
system from being reformed and having massive debt foisted on them in the form of
public employee
pensions.
Last week the New York State Teachers» Retirement
System (NYSTRS), which provides a defined benefit
pension plan to
public school teachers and administrators outside of New York City, announced it was raising the required employer contribution rate *
from 16.25 to 17.53 percent of payroll.
However, this incentive to retire earlier is already changing without any
public policy reforms because companies are moving away
from defined benefit
pension systems and toward defined contribution
systems.