Sentences with phrase «rising pension costs by»

Both Gov. Andrew M. Cuomo and his predecessor, David A. Paterson, dealt with the problem of rising pension costs by pushing systematic changes through the legislature, including hikes in the amounts of money that teachers and other pension plan participants must contribute from their paychecks.

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.

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.

Towns, cities, counties and other local governments will see another year of sharply rising pension costs to make up for the previous shortfalls created by the recession.

Pension costs for teachers and other professional school staffers are expected to rise about 10 percent in the 2018 - 19 school year for districts on Long Island and statewide after three years of reductions, according to estimates by the New York State Teachers» Retirement System.

New Jersey has seen its credit downgraded repeatedly by Fitch Ratings, Moody's Investors Service and S&P Global Ratings under Christie, mostly due to its deeply distressed $ 75 billion pension system and rapidly rising costs for health care.

With schools facing increased costs amounting to 4.5 per cent due to pay rises, National Insurance contributions and pension deficits, it's no wonder that more than 90 per cent of 1,000 head teachers surveyed by the Association of School and College Leaders (ASCL) say that their finances are going to be critically under pressure for 2015/2016.

The National Audit Office has found, however, that schools are facing budget cuts of # 3 billion by 2020 because funding was not keeping pace with an increased number of pupils and rising costs of national insurance and pension contributions.

That's true for all public services, but higher education is uniquely harmed by rising pension costs.

The district wants to cut base salaries by 5 % to 13 % to offset the rising cost of pensions and for teachers to contribute to their health benefits.

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.

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.

Part of the frustration from school leaders is that their costs have been rising because of actions taken by the government — rising national insurance contributions, increasing pension costs, the national living wage and, from April, the apprenticeship levy.

The survey shows that the cumulative effect of stagnant revenues caused by the lackluster economy, reduced levels of state and federal contributions to total school costs and dramatically rising pension and other mandated costs have led to the unprecedented reductions in programs and school staff.

Rising retention rates however translated to increasing costs, and in 2011, Illinois responded by making it more difficult for a teacher to receive a pension.

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.

The state's share of pension costs, though smaller, will also double, and teachers» contributions, deducted from their paychecks, will rise by about a quarter, from 8 percent of their pay to 10.25 percent.