Sentences with phrase «receiving pension benefits»

However, the United Steelworkers (USW), which represented Indalex's unionized workforce and certain pension beneficiaries, and a group of former executives receiving pension benefits, argued that Indalex's obligation to fund its pension wind - up deficiencies ranked higher in priority than Indalex's obligation to repay its debtor - in - possession (DIP) financing.

While the Court's ruling is undoubtedly to the benefit of employees, it remains to be seen what the Court will do if faced with a provision in an employment agreement that restricts an employee from receiving pension benefits and employment income simultaneously.

IBM appealed to the British Columbia Court of Appeal, and ultimately the Supreme Court of Canada, arguing that receiving both pension benefits and notice pay would result in Waterman being placed in a better economic position than he would have been in had he been given proper working notice.

«If she leaves the system with at least five years of service, she has now vested and is eligible to start receiving pension benefits once she reaches retirement age.

In Ohio, a retired teacher can return to work the next day, but must wait two months before receiving pension benefits.

Cuomo wants to close a loophole in election law that allows for unlimited contributions through LLCs, as well as a bill to block those convicted of corruption from receiving pension benefits through a constitutional amendment's first passage.

[3] Singer was included on the list of legislators currently receiving pension benefits and a legislative salary.

Double dipping is a term used to describe the practice of allowing government employees to retire, start collecting a pension and then return to work for the state while continuing to receive pension benefits.

They include the right to a public education for all, the right to welfare benefits for destitute New Yorkers, as well as the right to form a union and receive pension benefits.

Teachers who retired early because of the ERI, however, could expect to receive pension benefits for more years than if they had retired later.

The simulation indicates that the average man who retires at 55 will receive a pension benefit worth 23 percent of his lifetime earnings, as compared to 19 percent for the average woman.

[iv] If both women retire at age 55, the first will receive a pension benefit worth 40 percent of her total earnings, whereas the second's will only be worth 26 percent (equivalent to 65 cents on the dollar).

This severe penalty is widespread: in most states, fewer than half of new teachers are expected to stay long enough to receive any pension benefits at all (see «Why Most Teachers Get a Bad Deal on Pensions» at educationnext.org).

Retired LA schools chief Ramon Cortines received pension benefits totaling a remarkable $ 238,383.67 last year, possibly through a controversial pension - spiking practice known as «air time» — the purchase of credit for time not worked.

There are two primary ways that a retiree can receive pension benefits, including accepting ongoing payments through an annuity - style distribution for life, or receiving the cash in one lump sum payment.

Their first year, Social Security benefits will total about $ 19,000, plus Sara will receive pension benefits of $ 4,000 from a job she once held.

They also have RRSPs and TFSAs that total $ 468,000 plus they will receive pension benefits.

So when it comes time for you to determine how you would like to receive your pension benefits, having a life insurance policy in place could significantly affect your ultimate decision of how you take your pension benefits.

Not exact matches

Take into account the delay in Old Age Security, and the fact that the Canada and Quebec pension plans will pay more to people who put off receiving their benefits, and later retirement becomes even more attractive.

Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.

If your ex-spouse will also receive a pension based on work not covered by Social Security, such as government work, their Social Security benefit on your record may be affected.

All individuals over the age of 18 who work inside of Canada are eligible to contribute toward and receive benefits from the Canadian Pension Plan (CPP).

Canadian retirees can receive government support through the Old Age Security (OAS) pensions as well as through the Canada Pension Plan (CPP), yet 48 % of those surveyed did not know with a high degree of confidence how much of their current income will be replaced by their CPP or OAS benefits.

In addition to the disability and retirement benefits available to Traditional Pension and Combined plan members, their survivors may qualify for benefits if the member dies before age and service retirement or while receiving a disability benefit.

Your survivor benefits might be impacted or eliminated if you remarry, if you become eligible for Social Security benefits on your own income or if you receive a pension not based on work covered by Social Security.

Usually this means either a defined contribution plan [such as a 401 (k) or 403 (b) plan] or a defined benefit plan (a traditional fixed «pension» that a government employee might receive).

If you receive a pension or retirement benefit from work in another country, it may have an effect on your Social Security benefits under the Windfall Elimination Provision.

Harrison thus forfeited all benefits and perquisites he was entitled to receive from CP, including his pension, and has agreed to surrender for cancellation almost all of his vested and unvested equity awards, this whole package valued at approximately C$ 118 million.

That shortfall is not serious and would disappear when she starts to receive Canada Pension Plan and Old Age Security benefits.

Apparently labour introduced an increase of pension age to 65 in 1995 but failed to inform the women of the 50's who would be most directly affected, the government failed its legal duty to inform all women personally of this change, they tried to get away with this by stating they didn't have any current details, except they forget that they have all details from PAYE, us women still received all our NI demands and self - assessments as well as any tax or child benefit details, so they do have out details, they just failed to carry out this legal action.

The legislature passed bills to provide voluntary firefighters with the same disability benefits that professional firefighters receive and increase disability pensions for airport firefighters.

During this period they will receive base pay, benefits and pension contributions.

The governor continued his track record of blocking pension sweeteners, such as a proposal that would have let the widow of a police officer killed in 1986 receive his retirement benefits and one to let a Department of Transportation worker retroactively enter into a higher pension tier.

The work and pensions secretary, Iain Duncan Smith, has warned that unemployed teens under a future Tory government would be forced to pick up litter or carry out other community work if they want to receive benefits.

As a result, he received over $ 95,000 in pension benefits that he was not entitled to receive.

Although it is the claimant's responsibility to tell HMRC that they receive a disability benefit for their child, HMRC have historically received information directly from the Department for Work and Pensions about these disability benefits.

:: Urgently pay Edo State pensioners over 42 months outstanding pension benefits and entitlements from the over N29bn Paris Club refunds received by your government and meant for the payment of pension arrears and gratuities;:: Adopt a human rights policy of guaranteeing regular payment of pension benefits and entitlements so that pensioners and their families can live decently;:: Recognize the human rights of Edo State pensioners and ensure their full and effective enjoyment of those rights, as well as provide them with information to enable them to claim their rights;:: Treat all pensioners in Edo State as individuals with humanity and dignity and respect and promote their higher standard of living and improve economic and social conditions for all pensioners;:: Provide Edo State pensioners with proper support and assistance to alleviate their plight, including by ensuring informal, community - based and recreation - oriented programs for pensioners to help develop their sense of self - reliance and independence;:: Reduce opportunities for corruption in the spending of the Paris Club refunds

If something were to happen to me, the way the system is right now, without me taking the pension, she would have just received a lump sum payment, not a monthly benefit.»

Oregon public pensions are the state mechanism by which state and many local government employees in Oregon receive retirement benefits.

The treasury minister Lord Myners had indicated to RBS that there should be «no reward for failure», [49] but Goodwin's pension entitlement, represented by a notional fund of # 8 million, was doubled, to a notional fund of # 16 million or more, because under the terms of the scheme he was entitled to receive, at age 50, benefits which would otherwise have been available to him only if he had worked until age 60.

«One of the most important things the legislature can do in an effort to restore some faith in the system is to pass the proposed constitutional amendment that would ensure elected officials like Sheldon Silver, who abused their office for their own personal benefit, would not receive a public pension,» said Little in a statement.

State employees would receive no general wage increases for three years and pay more for their pensions and health care benefits under a tentative deal with Gov. Dannel P. Malloy that would save the state more than $ 1.5 billion over the next two years, officials said Monday.

Proof of income received within the last 30 days for all household members (pay stubs, SS or pension award letters, proof of child support, rental income, unemployment benefits, worker's comp., etc)

The trade off for public employee unions used to be you got a lower salary but received benefits / pension.

But the NUEE says they have heard nothing about this programme and describes how many workers have not received pensions or redundancy benefits that they are entitled to.

For example, HMRC already receive monthly details from employers of pay and tax deductions; banks provide them with details of interest amounts earned; and the Department for Work and Pensions provides HMRC with information on various state benefits including the state retirement pension.

The Cuomo - backed plan would grant New York City's entire uniformed work force with the same line - of - duty retirement benefits, versus de Blasio's more modest proposal to increase pensions for more recent hires, while still keeping them lower than those received by their more senior colleagues.

«It is low - paid private sector workers working beyond retirement age... who are subsidising public sector pensions while receiving none of the benefits.

Public pensions are being tightened in other states across the country where government employees, as in New York, receive far more generous retirement benefits than most private employees; many companies are eliminating pensions altogether.

Cuomo and lawmakers also settled redistricting lines that are largely favorable to incumbent lawmakers for the next ten years, and approved changes in benefits for future state works, who now will have to contribute more towards their pensions, and receive less in return.