Sentences with phrase «raised pension contributions»

Not exact matches

The focus now was on expanding the Canada Pension Plan, either by increasing contributions and benefits, or raising annual contribution limits, or both.

It also raised the possibility that the Agency could receive new pension contributions from individuals and companies.

In 1997 the federal government raised CPP contribution rates to meet the challenge of paying a pension when there are fewer Canadians paying into the fund.

We've already seen the Harper government chipping away at our members» pensions, raising the eligibility age for young workers and increasing the contribution rate.

The sell - off largely was the result of LMT management not raising guidance for improved cash flow during the April 24 quarterly report, partly due to large pension contributions.

Speaking at a public meeting in which the Park District's $ 385 million budget was unveiled, Laurence Msall, president of the Civic Federation, said the tax watchdog group supported the district's restraint in not raising property taxes and increasing employee contributions to health care costs, but was troubled by the «pension holiday.»

After several rounds of electorally unpopular increases in contribution rates and raising the retirement age, Gerhard Schröder's government introduced tax - subsidised, funded private and occupational pension schemes.

Porter, who had been raising an issue about council contributions to members» pension schemes, walked out of the council meeting.

Many predict Osborne will raise the personal allowance (the amount one can earn before paying income tax), implement a tax relief on pension contributions, and / or scrap the 50p tax rate.

Ben Gummer (Ipswich) made a very thoughtful contribution, striking a balance between supporting the Bill, and being concerned about the unfairness of raising the pension age:

Questions have been raised of late about political contributions made by himself and his former law firm, which made big money in pension - related legal fees, to the past three state comptrollers.

We need repeal of union give - aways like the Triborough Amendment which rigs union contracts and benefits, repeal of the Wicks Law which raises public construction costs, reform of binding arbitration rules affecting police and fire contracts, and movement toward defined contribution pension plans for public employees.»

Many people face a doubling or tripling of contributions and might have to work longer because of the raising of the pension age from 60 to 65 and then to 68.

Teachers are already paying more, the normal pension age has been raised to 65 for new entrants and employer contributions have been capped.

George Osborne announced last year an increase, on average, of 3 % in pension contributions across the public sector from next April to raise # 2.8 billion by 2014 - 15.

Many local governments, especially upstate, have been squeezed by declining populations and an eroded industrial base coupled with a cap on raising their property taxes as well as a spike in required pension contributions.

He said the government should abandon the 1 % cap and instead raise the money by imposing a cap on tax relief for pension contributions at # 26,000.

The bill, commonly known as Act 10, limited public workers» ability to collectively bargain on any topics other than base wages, increased their contributions to public pensions, and raised their insurance premiums.

Legislators raised teacher contributions to the pension plan from 8 percent of salary to 14.5 percent today.

Furthermore, higher employee pension contributions, raised National Insurance costs and the minimum wage add further pressures.

It will add new funding streams to the state's woefully under - funded pension plans, limit pension «spiking» whereby employees cash out vacation and sick leave to artificially inflate their benefits, raise the retirement age for current workers, limit annual cost - of - living adjustments, and allow a limited number of employees to choose a defined contribution plan over the traditional defined benefit.

These required pension contributions will likely constrain the district from spending money on anything else, including field trips, classroom supplies, extra services for high - need students, technology, and raises, which is unfortunate because our teachers remain underpaid compared to the average across Alameda County school districts.

Pension costs have emerged as a major political issue in New York State, especially after the 2008 stock market crash that drove down pension fund values and raised the amount of contributions that school districts and other government entities had to pay into pension systems to keep them sPension costs have emerged as a major political issue in New York State, especially after the 2008 stock market crash that drove down pension fund values and raised the amount of contributions that school districts and other government entities had to pay into pension systems to keep them spension fund values and raised the amount of contributions that school districts and other government entities had to pay into pension systems to keep them spension systems to keep them solvent.

To balance next year's books, OUSD will need to cut enough to cover previously - committed salary raises, make the higher required pension contributions, AND restore the reserve.

The pension contribution offset some past pay raises for Madison teachers.

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.

For example, a teacher in Iowa, a state with strong fiscal health and a substantial surplus, recently discovered that her pension contributions were recently raised to cover a multi-billion dollar shortfall in the state's teacher pension fund.

Later this week the board of the California State Teachers Retirement System, or CalSTRS, will forward to the Legislature a report laying out options for raising higher contributions into the pension system to ensure its long - term viability.

It's a double whammy for classroom teachers because teachers will be required to increase their pension contributions, eroding whatever raise the union negotiates with the district, and the additional dollars districts spend on pension debt are dollars that can't be spent elsewhere.

It seems like pretty solid logic: Raising mandatory pension contributions will improve Canadians» economic well being in retirement.

As these benefits are reduced (for example, by raising the age of entitlement for full pensions), workers will be forced to accept a lower rate of return on their past Social Security contributions.

The research says lowering pension contributions for company plans — such as defined - benefit vehicles — would put more money in the pockets of families that are raising kids and paying down mortgages.