Sentences with phrase «rising pension costs as»

On Friday, The New York Times ran a story called «Higher Education in Illinois Is Dying» and cited rising pension costs as a major factor in the state's budget woes.

Bloomberg also pointed to rising pension costs as a dire threat to the city's finances, warning it has a «ticking time bomb» on its hands.

Not exact matches

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.

Indeed, many workplace pension schemes have a CPP - offset provision that would reduce the employer's pension costs as CPP premiums and benefits rise.

The combined population of more - developed countries other than the U.S. is projected to decline beginning in 2016, raising the prospect of prolonged budget crises as the number of working - age citizens diminish, pension costs rise and tax revenues fall.

As the Institute for Fiscal Studies has pointed out, the prime minister's decision means the state pension cost to taxpayers is likely to rise from # 60 billion to around # 75 billion.

Some local governments say these were the final steps before bankruptcy as they struggle to pay rising pension costs, payrolls and more on a shrinking and overburdened tax base.

Mr Cameron cited fiscal responsibility, welfare and pension reform, corporation tax cuts and government provisions to help with the rising cost - of - living as election pledges that were being fulfilled.

But they are costing us more each year, as health care and pension costs continue to rise.

Negotiations with the public employee unions on contracts will have a dramatic impact on the budget as the county grapples with the rising cost of health insurance and rapidly escalating costs of paying into the public employee retirement and pension system.

In my role on the NYSAC executive committee, I have input as to what could inhibit this goal, issues such as mandate relief, rising pension costs, Medicaid reform.

The cap keeps taxes from rising as municipalities and school districts struggle with soaring pension costs, but the law doesn't cut property taxes, which Cuomo said Tuesday are «a crusher,» especially for homeowners in New York City's northern suburbs and upstate.

As things now stand, rising pension costs threaten to starve public services at every level.

But here's why we can say givebacks are in play: With rising shortfalls forecast for the coming years, with little appetite at the Capitol for raising taxes again, with debt and pension costs rising, and with state - financed, outside services such as group homes already squeezed, there are scant other places to turn.

Mr. Cuomo's budget proposal would let municipalities and school districts address rising pension costs by borrowing more now — which will mean paying more later on, as interest rates, now at historic lows, are sure to rise.

Bloomberg has said the layoffs are necessary because of budget cuts from the state and federal governments, as well as rising healthcare and pension costs.

While L.A. Unified managed to reduce a $ 225 million deficit to a $ 72 million deficit this year, rising pension and healthcare costs are projected to drive the deficit as high as $ 450 million in 2018 — 19.

Aldeman: Recently there have been some high - profile cases of cities declaring bankruptcy in part from rising pension costs: Detroit, Californian cities like Vallejo, Stockton, and San Bernardino, as well as cities in Alabama and Rhode Island.

As a result of inaction from the state to address this unfair burden on CPS, the District had to take money from the classroom to cover rising teacher pension costs.

While the government has pledged to maintain per - pupil income, heads currently preparing next year's budgets are having to factor in rising costs such as increased pension and national insurance contributions.

Rising pension and national insurance costs, coupled with new pressures such as the apprenticeship levy and hiring targets, mean schools are losing money despite a pledge by the government to protect core schools funding in this Parliament.

He also recognizes the financial elephant in the room, rapidly rising pension costs that are draining school district coffers as they've just received badly needed funding increases from Sacramento.

The district's share of pension costs rose from about $ 14 million in 2006 to approximately $ 28 million by 2013, even as K - 12 student enrollment fell by 10,000 students.

The district faces rising pension costs, vastly underfunded retiree health benefits and union pressure to raise salaries — all as declining enrollment is draining financial resources.

Even as enrollment - driven revenue declines, costs for special education continue to increase, $ 200 million a year in the last decade, and health care and pension costs continue to rise.

However additional cost pressures — such as rising employer pension and national insurance costs — are squeezing school budgets.

However, the injection comes in the context of further significant cuts faced by schools as a result of unfunded cost pressures like salary, pension and national insurance rises and other unexpected costs like the apprenticeship levy.

«Under our recession scenario, pension costs would rise even as the (Prop. 98) guarantee dropped, magnifying the difficult decisions schools and community colleges would face,» the LAO wrote.

Due to inflation and rising costs such as National Insurance contributions and pensions, schools have been facing a real - terms cut in spending per pupil, the first in England since the mid-1990s.

Pensions, rising healthcare costs, and possible federal reductions (Medicaid) will require strong fiscal management as well as the political will to make tough decisions going forward.

Many of the fastest rising costs — such as pension contributions — are automatically deducted from our paycheques, so most of us are left with a vague notion that we should have more money to spend than we do, but no clue as why we're short every month.

In these hard economic times, too many Metro Vancouver, Fraser Valley, Lower Mainland people, and British Columbians who lived free of financial crisis until now, find themselves facing the shame of debt they can not repay after taking out too much easy credit just to live, pay for necessities such as housing, food, medicine, etc., a reflection of our ever growing senior and minimum wage population funded with insufficient pensions and facing rising living costs without corresponding increase in earnings.

Labor strife has been on the rise in Canada as unions push back against corporate cost - cutting drives and governments strive to reduce wage and pension costs.