Sentences with phrase «say pension cuts»

Not exact matches

Outside the building, union workers said they wanted to draw attention to GE's cuts to pension and healthcare benefits and to close facilities and lay off workers.

I am healthy and I can have more than one job if needed, but they have stopped working and were counting on a certain pension every month, but that has been cut too,» the driver, who's originally from Crete and didn't want to give his name, said.

There is a great debate to be had on whether a corporate tax cut would be better for Ontarians than, say, the Liberal pension plan (which has its own problems).

They called for immediate steps to reopen banks and said any deal must address debt sustainability - code for reducing Athens» crushing debt - but gave no hint of concessions from the Greek side towards its creditors» demands for deep spending cuts and far - reaching reforms of pensions and labour markets.

Bigger cuts to retiree healthcare were justified because that benefit, unlike pensions, was not protected under Michigan's constitution, he said.

So if you're already 52 years old, and you're expecting a nice government pension that's inflation adjusted, and you expect Social Security, and you have to worry less about, say, Social Security cuts for example.

«I'm skeptical the projected cuts can be obtained through attrition and cutting back on paper clips,» said Kevin Milligan, economist at the University of British Columbia, who projects cutbacks to civil servant wages, benefits or pensions along possible layoffs.

The retirement age, pension cuts, privatizations and the government's intention to reinstate collective bargaining restrictions in the labor market are all areas where Greece and and its creditors remain far apart, the official said.

A Christian charity for older people has welcomed a rise in the state pension, but has said cuts to care... More

It also said that it was unlikely a state pension would still exist for today's young people when they hit old age, given the current scale of government spending cuts.

Mr Willox said while avoiding large cuts, «it is clear the government will need to reduce spending where it is prudent to do so» across government services like aged care, health and the pension system.

«While we welcome the decision to end the arbitrary retirement age, raising the state pension age over this short timescale is clearly driven by a desire to cut spending rather than a planned approach to introducing more flexible retirement,» he said.

«The Department of Work and Pensions has a long track record of misusing statistics when it comes to the benefits system, and it's clear this was a tactic to vindicate further welfare cuts,» Parkinson's UK policy advisor Donna O'Brien said.

He offered no specific agenda, but said limiting outside income of legislators and cutting pensions of those convicted were ideas worth exploring.

«Based on their track record, those proposals will include cutting pensions and destroying collective bargaining rights and cutting salaries,» said Julio López Varona, a member of advocacy group Hedge Clippers.

Iain Duncan Smith said he is resigning as Work and Pensions Secretary blaming «Treasury pressure to make cuts».

13 - An official Department for Work and Pensions report on the bedroom tax saying that three - quarters of those affected have cut back on food and that the impact on downsizing has been limited

Ed Miliband's pledge to reverse cuts to housing benefit would be paid for by higher borrowing and a tax on pensions, the government has said.

The contract for the workers at the Hilton Albany expired back in April, and now, they say the owners want to reduce pay increases and cut benefits including pensions.

Speaking as the union meets in Brighton for its annual conference, and a day after delegates voted to ballot a quarter of a million civil and public servants for a strike over cuts to jobs, pensions and pay, Mark said:

«Pension fund managers across the country have cut or eliminated exposure to these overpriced and underperforming investments, while the Office of the New York State Comptroller has stood still and spent pension system funds chasing performance that continues to fall far short,» said Financial Services Superintendent MariaPension fund managers across the country have cut or eliminated exposure to these overpriced and underperforming investments, while the Office of the New York State Comptroller has stood still and spent pension system funds chasing performance that continues to fall far short,» said Financial Services Superintendent Mariapension system funds chasing performance that continues to fall far short,» said Financial Services Superintendent Maria Vullo.

A source close to the mayor said: «It is impossible to justify spending hundreds of thousands of pounds of taxpayers money on pensions at a time of severe public sector cuts and wage freezes.

«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.

They also admit that money cut from pensions will go to the Treasury to help pay off the deficit, not into pension schemes, which the union says amounts to a tax on working in the public sector.

The union says the government's slash and burn approach to tackling the budget deficit will mean vital public services are axed, hundreds of thousands of public sector workers will be thrown out of work, and those that remain will have their pay and pensions cut.

Speaking after today's (27) meeting with ministers over the government's plans to cut public sector pensions, Public and Commercial Services union general secretary Mark Serwotka said.

Mark, who will be among the conference delegates asked to endorse a ballot for a national strike over cuts to jobs, pensions and pay, said: «As a rep I witness firsthand how the government's cuts are affecting people and communities, so as well as cycling I'll be campaigning for the alternative along the way.

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.

Mr Osborne is joining forces with former chancellor Alistair Darling to deliver the stark claims, saying spending on pensions could be cut by # 2billion, with the Home Office, transport, and local government taking a # 5.8 billion hit too.

(CNN)- Sen. Patty Murray, co-crafter of the bipartisan budget agreement and member of the veterans affair committee, said Wednesday cuts to pension benefits for some military veterans under the spending plan was a part of a compromise to avoid billions in cuts to the defense industry.

Owen Smith, the shadow work and pension secretary, said: «This report confirms the devastating impact of Tory cuts to universal credit that will leave 2.5 million working families over # 2,100 a year worse off.

Labour's shadow work and pensions secretary Rachel Reeves said millions of working families would lose money if the reports were true and urged Cameron to «come clean with the public about their plans to cut child benefit and child tax credits».

Shadow work and pensions secretary Yvette Cooper on «something dangerous» in the chancellor's speech, as she said there is danger of cutting too quickly.

Cowin said he sees no conflict in heading a committee whose goal of cutting overtime would lower pensions, because his pension was earned with the approval of local and state authorities.

The Tory rebel, who resigned as work and pensions minister over the ex-Chancellor's budget, is speaking out publicly against the planned cut to Universal Credit, which he says will cost three million people more than # 1,000 a year each.

In a speech at the Open University in Milton Keynes this morning, Mr Smith said: «I'll reform pension tax relief so that the richest pay more and low - paid workers see the benefit through higher pensions, a real living wage and reversing the Tories cuts to universal credit.

The added indignity was that Cuomo said he'd only take the ballot line if the party supported his platform, which included property - tax cuts, pension reform and a spending cap.

Assembly Speaker Sheldon Silver has said he's supportive of some pension reforms, including cutting down on abuse of overtime that leads to inflated pension payments, but has not yet publicly said yes to a new benefit tier.

He said it contained too many cuts as well as fiscally unsound deferrals of pension payments to garner his support.

«We must be upfront with the British people that under Labour there would have been cuts and that — on spending, pay and pensions — there will be difficult decisions in the future from which we will not flinch,» Balls said in his conference speech today.

Cuomo proposed allowing municipalities to cut their pension payments now and make up the difference later, which Ravitch said puts cities deeper in debt.

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.

But when Maturo indicated in 2010 that he planned to run for mayor again, he received a letter from an official in the state comptroller's office saying that if Maturo were to become mayor again, his pension payments would be cut off while he was in office — under a revised interpretation of the law.

Shadow work and pensions secretary Owen Smith says scheme fails to compensate for cuts made elsewhere

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?

Ros Altmann, the Conservative peer, pensions expert and pensions minister between 2015 and 2016, has said it would be a mistake for the Treasury to cut taxes for the young by raising taxes for people who are older and better off.

While ministers argued that the # 3bn Work Programme (WP) had seen rising numbers of jobless people finding work, the Department for Work & Pensions said several firms would see a cut in the «number of referrals» from job centres because of «low performance».

Speaking in the debate about the party's policy document, A Fresh Start for Britain, the work and pensions spokesman, Steve Webb, said talk by Clegg of «savage cuts» in the recession was needlessly gloomy.

Asked to clarify if a consultation was still open on PIP cuts, a Department for Work and Pensions source said: «The consultation has concluded».