Sentences with phrase «public sector pension system»

On a side note, the proposals would also apply to lawmakers because they are in the state public sector pension system.

Not exact matches

The peak industry group, which represents more than 60,000 businesses across manufacturing, engineering, telecommunications, mining, airlines and related sectors, will caution the Turnbull government against large cuts but call for careful spending reductions across aged care, health, the pension system and the public service to fund a company tax cut as a key priority.

On Wednesday, the unions will attempt to bring the country to its knees because of the Coalition's plan to reform the public sector's unsustainable pension system.

To his credit, Prime Minister David Cameron and his ministers have been robust in defending the reforms, saying that the changes are designed to make public sector pensions affordable for the long term and failure to reform will bankrupt the whole system, a point even many on the Labour benches recognise.

Maintaining a defined benefit system delays a reckoning with public sector pensions, it does not make them financially sustainable.

Pension reform is a key plank of the coalition's economic policy, it has tasked Labour peer Lord Hutton with bringing about a new system for public sector schemes that is sustainable.

Contrast that with Mr Cable's clear demand that we must slash spending on public - sector pensions, cut back sharply on our global defence commitments and overhaul the ruinous tax credits system.

These teachers lose out because current public - sector defined benefit pension systems are heavily biased toward teachers with longevity and stability.

The Colorado Supreme Court recently restored a measure of fiscal sanity to public sector retirement law in the Centennial State by reversing a Court of Appeals ruling which said that the state could not cut cost - of - living adjustments to help return the state's pension system to health.

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.

The report compared the total costs, including investment and administrative of the CPP with five large public sector plans based in Ontario, including: the Ontario Teachers» Pension Plan (OTPP), the Ontario Municipal Employees Retirement System (OMERS), the Healthcare of Ontario Pension Plan (HOOPP), the Ontario Pension Board (OPB), and the OPTrust.