Sentences with phrase «said pension changes»

Senate Finance Committee Chair John DeFrancisco, debating on the Senate floor, says the pension changes are still under discussion with the governor.

Senate Majority Leader Dean Skelos says the pension changes only effect future employees, present workers will not lose anything.

Not exact matches

The kicker is this: Dalio says the divide will only get worse in the next 5 to 10 years, both because of a demographic squeeze that puts stress on pension, healthcare, and debt promises; and because of the effects of technological change on employment and wealth.

The two sides have both said the key sticking point in negotiations involves changes to employee pension plans.

Wiseman says the CPPIB takes no position on whether the Canada Pension Plan is sufficient given overall retirement needs or what changes may be required, but says it has the organization has a «platform» of people, relationships and assets that can be expanded if policy - makers decide that's necessary.

Chief financial officer Lorenzo DeMarchi said regulatory changes proposed by the Ontario government may give Torstar a new way to deal with its pension obligations.

Trotsky said the pension has about 10 percent of its money in PE — around the national average for large public retirement funds — and has no plans to change that.

He also said that state and municipal retirement pension plans should be swept into the Social Security system — and argued that the political pressures are building to force change.

Some pension officials said they don't plan to make drastic changes based on GASB's decision.

And Sousa says the federal government has a co-operative agreement with the Quebec Pension Plan and made legislative changes to the Income Tax Act to allow higher contributions to the Saskatchewan Pension Plan.

Commenting on the Welsh teaching union's decision to strike on October 5 over pension changes, Christine Blower, General Secretary of the National Union of Teachers, the largest teachers» union, said this:

Unions reacted defensively to the report, with Brendan Barber of the TUC saying the IFS had only examined one of three major changes to public sector pensions.

Chris Keates, General Secretary of the NASUWT, said: «Only the NASUWT has continued to challenge governments across the UK on the unacceptable changes made to teachers» pension provision.

Senator Savino, a former high ranking union official, says municipal union leaders in New York City have not yet been adequately briefed on a policy that would represent a big change for public pensions.

Unison warned it would fiercely oppose any effort scrap the rule, saying the EU law does not come into force until October next year, and arguing that the change would penalise workers who have paid into their pensions schemes for years in good faith.

«Our current pension and benefit structure is simply not sustainable,» she said, but offered no specifics others than adding, «I urge both the mayor and our city's labor leader to be equally open to negotiating and making fair and responsible changes to meet the difficult challenges ahead.»

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.

DiNapoli says he'll use his influence as trustee of New York's $ 192 billion dollar state pension fund to «seek out sustainable investments and changes in corporate behavior» to help the Paris Agreement «become a reality».

«We have become, in many corners of the country, with our voters, a laughing stock, and we have got to change that,» the former Shadow Work and Pensions Secretary said.

Work and Pensions Secretary, Iain Duncan Smith, defends major changes to welfare that are coming into force, saying they make the system fairer.

The governor also said he would push for a change to the state constitution that would deprive a convicted public official of a pension, end the use of campaign funds for personal use and curtail legislative «per diem» payments to cover only actual expenses.

As for the pension forfeiture bill, Speaker Heastie says lawmakers actually have until the end of 2016 before they have to finalize the first step to change the state's constitution, so he says there's plenty of time to agree on a new bill.

Work and pensions secretary Esther McVey said the change «will reassure all young people that housing support is in place if they need it».

Malloy said Connecticut's pension fund system is broken, and, if nothing changes, in the year 2032 the state will have to pay $ 13 billion dollars in retirement benefits when it reaches what Malloy called «a fiscal cliff.»

«It's like the guy who catches the little fish, then by the time he's done telling you the story, it's a 60 - pound tuna,» said Stephen M. Sweeney, the State Senate president and a Gloucester County Democrat who initially proposed the pension changes and property tax cap.

«The Executive Budget calls for what the governor describes as reforms to the state's pension system, Civil Service and some fundamental changes in the way the state does business,» Fox said.

«If we stay on this course we are going off a cliff,» said Suffolk Executive Steve Levy, who backs fundamental changes to the state's pension system, including a move to 401 (k)- style programs similar to those in the private sector.

Unite national officer for health, Rachael Maskell, said: «The government is picking the pockets of health workers by an average of # 30 - a-month in order to pay for pension changes which will see people having to work longer to get less.

Michelle Mitchell, charity director of Age UK, said in response to Iain Duncan Smith's proposed changes to pensions:

«David Cameron's claim that he wants to maintain a discussion with the unions is undermined by him saying in the next breath that he's not prepared to negotiate on the specific issue of the change from the RPI to CPI index for public sector pensions - which represents a massive cut in the value of pensions.

Commenting on today's announcement that the Government is to bring forward the effective date from which the state pension age will only become payable at 68, Chris Keates, General Secretary of the NASUWT — The Teachers» Union said:, «Over recent years teachers have already faced hugely detrimental changes to their occupational pensions, compounded by year after year of real term cuts to their pay.

Liberal Democrat pensions spokesman David Laws said the ruling showed people who lost their pensions before the protection fund was set up were «grotesquely short - changed» and said ministers must now recognise their «moral responsibility» to help.

Responding to reports that Danny Alexander will later today (17) announce the government will not change its mind on cutting public sector pensions, Public and Commercial Services union general secretary Mark Serwotka said.

Connecticut could have delayed new rules on tax withholding for pensions to give retirees and accountants more time to adjust to the change, the state's tax commissioner said Wednesday.

«The state pension fund is aggressively addressing the risk of climate change,» DiNapoli's office said.

State worker unions have opposed the proposed pension changes, saying future workers would see their retirement benefits reduced by as much as 40 %, or, if they choose 401k's will be subject to gyrations of the stock market.

Senate Republicans have said they are open to Cuomo's pension reform changes, Assembly Democrats have not yet committed to it, and some Democrats oppose the plan.

Inside Housing said only 36 out of 204 councils contacted reported any rent reductions following changes by the Department For Work And Pensions in April 2011 which allow direct payment of local housing allowances (LHA) to landlords.

Doctors say the changes disproportionately impact their field, as physicians will see their contributions to pension funds rise more than other public sector employees.

DiNapoli said he'll use his influence as trustee of New York's $ 192 billion state pension fund to «seek out sustainable investments and changes in corporate behavior» to help the Paris agreement «become a reality.»

Comptroller hopeful and City Councilwoman Melinda Katz (D - Forest Hills) Monday called on the U.S. Securities and Exchange Commission to ratify proposed rule changes that would allow shareholders to nominate directors on corporate boards — a change she says would have tremendous impact on city pension funds.

In response, DiNapoli said the retirement system is already a leader among public pension funds in seeking to push a low carbon economy and getting corporations to address climate change issues, such as through shareholder resolutions aimed at companies like ExxonMobil.

Bloomberg's pension reform plan includes a proposal to consolidate of pension systems — an administrative change he says would save $ 8 million a year «right off the bat.»

Q: When you said you had cut the structural deficit by 3 %, would you not have been able to say that without the changes like the Royal Mail pension changes?

Albany experts dispute the $ 6 billion figure, saying that pension changes enacted previously would actually save $ 21 billion over the next two decades.

He said that one reason for the pension fund hitting its target was changing the «internal workings of the Bureau of Asset Management.»

Another government watchdog, Lawrence Norden, deputy director of the Democracy Program at the Brennan Center for Justice, said he would not be surprised if the Legislature passes the pension stripping law or make small changes to require additional disclosures about lawmakers» outside income.

The Work and Pensions Secretary, Iain Duncan Smith, has said he would support changes to the way MPs» expenses are overseen, following the row over Culture Secretary Maria Miller's claims.

Mulgrew said he believes that Bloomberg is «playing chicken little» — exaggerating the severity of the financial situation to get changes to pension law and alter seniority rules.

Cuomo outlined several changes he said should take place, including full disclosure of all outside income for legislators; stopping the personal use of campaign funds; updating campaign finance laws to require more disclosure; and removing state pensions from lawmakers convicted of public corruption.