Sentences with phrase «sector pension liabilities»

Increased global life expectancies and the growth in unfunded public sector pension liabilities are reinforcing the need for retirement income and greater personal savings.

This would reduce the growth of public sector pension liabilities by hundreds of millions of pounds over the next decade.

Not exact matches

Overall debt has now passed # 1 trillion — without counting the liabilities associated with public sector pensions or the Private Finance Initiative.

OECD documents also highlight the enormous unfunded liabilities in UK public sector pensions.

The unfunded liability for future public sector pensions is # 1.1 trillion and rising.

Our approach to valuing pensions, which considers both the generosity and the risk of pension benefits, is entirely consistent with economic theory, the way in which liabilities of all types are valued in the private sector, public - sector accounting standards in Canada and Western Europe, academic writings, and the judgments of officials at nonpartisan government agencies such as the Congressional Budget Office, the Federal Reserve, and the Bureau of Economic Analysis.

Virtually all professional economists agree that calculating the value of guaranteed pension benefits using the assumed return on a portfolio of risky assets «understate [s] their pension liabilities and the costs of providing pensions to public - sector workers.»

While some unfunded pension liabilities are due to market fluctuations, including sharp stock market declines in 2002 and 2008, leading economists say the most severe cases are due to politicians» failure to keep up with employers» share of pension payments over many years (most public - sector workers also contribute toward their own pensions).

The expertise of Pinsent Masons LLP's «highly experienced litigators» includes cyber insurance, reinsurance, D&O matters, and warranty and indemnity claims; its strengths extend to professional indemnity disputes in the pensions sector and product liability work.