Under
the terms of my pension plan, I would lose 5 % of my pension payout for each year I retired before 65.
Thus no one collective agreement could purport to alter
the terms of the pension plan, as any alteration would affect the rights of employees not a party to that collective agreement.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability
of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost
of accommodating, announced increases in the build rates
of certain aircraft; 6) the effect on aircraft demand and build rates
of changing customer preferences for business aircraft, including the effect
of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result
of global economic uncertainty or otherwise; 8) the effect
of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution
of key milestones such as the receipt
of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation
of our announced acquisition
of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability
of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk
of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production
of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts
of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak
of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on
pension plan assets and the impact
of future discount rate changes on
pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition
of Asco on favorable
terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect
of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect
of changes in tax law, such as the effect
of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations
of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect
of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability
of raw materials and purchased components; 23) our ability to recruit and retain a critical mass
of highly - skilled employees and our relationships with the unions representing many
of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment
of interest on, and principal
of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness
of any interest rate hedging programs; 28) the effectiveness
of our internal control over financial reporting; 29) the outcome or impact
of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition
of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result
of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks
of doing business internationally, including fluctuations in foreign current exchange rates, impositions
of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase
plan, among other things.
Grantham believes it's likely the majority
of pension plans will run a long -
term deficit, and this will have major policy implications for government.
He expects the long -
term stock market return to be 3 % — not the historical norm
of 7 % that
pension plans continue to lean on.
It will become virtually impossible for
pension plans to meet long -
term annual returns
of at least 5 %.
«Short -
term behaviour destroys value,» says Poul Winslow, head
of thematic investment and external portfolio management at the Canada
Pension Plan Investment Board (CPPIB).
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.
Wiseman cautioned that the CPPIB — despite its large size in Canadian
terms — competes against much bigger investors in the global market such as private equity funds, sovereign wealth funds and other public
pension plans that are also on the hunt for similar types
of investments.
Some assets, however, may no longer serve a public policy purpose and are
of particular interest to, for example, Ontario's large
pension plans as good long -
term investments.
In short, because they pool longevity risk, can offer a well - diversified portfolio with longer -
term investments, and are professionally managed, public
pension funds deliver the same level
of benefits as DC
plans at only 46 percent
of the cost.15 Any funds invested with the state
pension fund would be kept in a separate investment pool from public sector funds.
The other provinces would have access to Canada
Pension Plan surpluses, in proportion to the contributions made by their residents, through the sale
of provincial bonds and provincially guaranteed securities on 20 year
terms at the long -
term federal bond rate.
And EK is already stretching the limits on how it values its
pension assets by assuming the long -
term return on
plan assets will be 8.73 % for the life
of the
plan.
Neiman Marcus does not face any significant debt maturities until 2020, when a
term loan
of nearly $ 3 billion comes due, giving its private equity owners Ares Management LP (ARES.N) and Canada
Pension Plan Investment Board (CPPIB) time to try to turn the business around.
- retirement savings and income - Pre-59 1/2 72t Calculations (avoiding penalty tax)- college savings and 529
plan illustrations - college cost and tuition data - Coverdell education savings - risk profile questionnaires and quizes - model portfolio illustrations - asset allocation and portfolio optimization - portfolio management and value tracking - 401 (k) retirement savings - Cost
of waiting to save - Effect
of Taxes and Inflation - Estate Tax Estimator - Finding Money for your savings goals - Health Savings Account (HSA) illustrations - Historical Hypothetical Portfolio Performance - Impact
of Inflation - Life Insurance Needs Analysis - IRA Eligibility (all types
of IRAs)- IRA Savings and Goal Analysis - IRA Required Minimum Distributions (RMDs)- IRA to Roth Conversion - Long
Term Care Insurance - Lumpsum Distributions vs. Rollover Distributions - Model Portfolio Creation and Comparisons - Mortgage Amortization - Net Unrealized Appreciation
of Employer Stock - Net Worth Estimator - New Value Calculator -
Pension / Defined Benefit Income estimates - Portfolio Allocation Rebalancing - Portfolio Optimization and «Advice» - Portfolio Return Calculations - Paycheck Tax Savings - Required Minimum Distribution calculations - Retirement Budget and Expense
Planning - Retirement Income Analyzer - Retirement Savings Estimator - Risk Tolerance Profile - Roth 401k - Roth Conversion - Roth v. IRA illustrations - Short
Term Savings goals - Social Security benefit estimates - Stretch IRA / Legacy IRA illustrations - Tax Free Yield calculations
- retirement savings and income - Pre-59 1/2 72t Calculations (avoiding penalty tax)- college savings and 529
plan illustrations - college cost and tuition data - Coverdell education savings - risk profile questionnaires and quizes - model portfolio illustrations - asset allocation and portfolio optimization - portfolio management and value tracking - 401 (k) retirement savings - Cost
of waiting to save - Effect
of Taxes and Inflation - Estate Tax Estimator - Finding Money for your savings goals - Health Savings Account (HSA) illustrations - Historical Hypothetical Portfolio Performance - Impact
of Inflation - Life Insurance Needs Analysis - IRA Eligibility (all types
of IRAs)- IRA Savings and Goal Analysis - IRA Required Minimum Distributions (RMDs)- IRA to Roth Conversion - Long
Term Care Insurance - Lumpsum Distributions vs. Rollover Distributions - Model Portfolio Creation and Comparisons - Mortgage Amortization - Net Unrealized Appreciation
of Employer Stock - Net Worth Estimator - New Value Calculator -
Pension / Defined Benefit Income estimates - Portfolio Allocation Rebalancing - Portfolio Optimization and «Advice» - Portfolio Return Calculations - Paycheck Tax Savings - Required Minimum Distribution calculations - Retirement Budget and Expense
Planning - Retirement Income Analyzer - Retirement Savings Estimator - Risk Tolerance Profile - Roth Conversion - Roth v. IRA illustrations - Short
Term Savings goals - Social Security benefit estimates - Stretch IRA / Legacy IRA illustrations - Tax Free Yield calculations
«While
Pensions overall continued to have solid returns against a backdrop
of challenging macroeconomic factors, the decline in long -
term interest rates has likely increased
plan liabilities,» said Scott MacDonald, managing director,
Pensions, RBC Investor & Treasury Services.
The stable
pension contribution rate for local governments and schools, submitted as part
of the Executive Budget, will provide a new tool for local governments to access the long -
term savings from Tier VI and have greater predictability in their fiscal
planning.
Tedisco said the Majority's
plan does not contain provisions for
pension forfeiture for convicted felon elected officials who betray their oath
of office,
term limits for leaders, truth in spending to bring sunlight to state spending in the shadows to end quid pro-quos, or giving rank and file members the ability to bring legislation to the Floor for a vote and diminish the unbridled power that's been given to legislative leaders.
As Tory election strategist he is keen to make political ground over Labour's inclusion
of the
pension in the welfare cut, because it allows the party to highlight how the opposition
plans to cut the basic state
pension in real
terms.
Yvonne Braun, ABI Director
of Long
Term Savings Policy, comments: «We note the announcement by the Chancellor today that he
plans to introduce a new duty on the FCA to cap exit charges on
pensions.
«Every economic expert knows that a retirement incentive program, despite some short -
term savings, can wreak havoc on long -
term fiscal health, as was reiterated by the recent Boston College study on
pension liabilities, and that's why House Democrats have opposed retirement incentive
plans as part
of this deficit mitigation proposal,» Sharkey and Aresimowicz said in a statement.
Comptroller DiNapoli's stabilization
plan benefits government employers and the long -
term fiscal health
of the
pension fund.
That this House declines to give a Second Reading to the Welfare Benefits Up - rating Bill because it fails to address the reasons why the cost
of benefits is exceeding the Government's
plans; notes that the Resolution Foundation has calculated that 68 per cent
of households affected by these measures are in work and that figures from the Institute for Fiscal Studies show that all the measures announced in the Autumn Statement, including those in the Bill, will mean a single - earner family with children on average will be # 534 worse off by 2015; further notes that the Bill does not include anything to remedy the deficiencies in the Government's work programme or the slipped timetable for universal credit; believes that a comprehensive
plan to reduce the benefits bill must include measures to create economic growth and help the 129,400 adults over the age
of 25 out
of work for 24 months or more, but that the Bill does not do so; further believes that the Bill should introduce a compulsory jobs guarantee, which would give long -
term unemployed adults a job they would have to take up or lose benefits, funded by limiting tax relief on
pension contributions for people earning over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate
of income tax is being reduced, which will result in those earning over a million pounds per year receiving an average tax cut
of over # 100,000 a year.
Rising stock markets — the S&P 500 has tripled since reaching a low in March 2009 and over the last 10 years, the largest public
pension plans have earned an average return
of 7.45 percent, broadly in line with the median long -
term goal
of 8 percent — have boosted
pension plan coffers to the highest level
of assets they've ever had.
According to the latest figures,
pension plans have not made much
of a dent in their long -
term unfunded debt.
Most fall near the bottom
of the list in
terms of responsibly funding their
pension plans.
But while most analysts are focused on the enormous cost
of teacher
pensions and their long -
term sustainability, Bob and Mike have been looking at another aspect
of teacher
pensions: the perverse incentives embedded in these
plans that interfere with the goal
of attracting and retaining outstanding teachers.
While these changes may improve the short -
term financial health
of teachers»
pension plans, their long -
term viability looks bleak without more significant structural reforms.
Statewide defined benefit
pension plans, which today serve 90 percent
of public school teachers, were originally justified on the grounds that
pension plans were ideally suited to the needs
of long -
term female employees.
It is not in the interest
of these departments for their new employees to leave right after training, so their
pension plans are structured to promote long -
term commitment to the profession.
to take any action otherwise prohibited under subsections (a), (b), (c), or (e)
of this section where age is a bona fide occupational qualification reasonably necessary to the normal operation
of the particular business, or where differentiation is based on reasonable factors other than age; to observe the
terms of a bona fide seniority system or any bona fide employee benefit
plan such as a retirement,
pension, or insurance
plan, which is not a subterfuge to evade the purposes
of this Act, except that no such employee benefit
plan shall excuse the failure to hire any individual; or to discharge or otherwise discipline an individual for good cause
Dear Ramsha, Suggest you to invest in equity mutual funds for long
term / retirement goal instead
of pension plans.
While MacDonald's story is perhaps unique to his industry, it still highlights the rueful reality
of those who forgo making contributions toward
pension plans over the long
term.
Superannuation The
term «superannuation» is synonymous with a
pension benefit and includes any amount received out
of a
pension fund or
pension plan.
We provide: • Retirement Services, such as
plan rollover options, ** traditional and Roth IRAs, and small business
plans • Financial Management, including financial
planning, asset and debt management, and estate planning • Insurance Solutions, made up of life, long - term care, and disability protection • Investments, including diversified solutions to help manage and grow assets with stocks, bonds, and mutual funds • Retirement Planning, such as income strategies, pensions, and social
planning, asset and debt management, and estate
planning • Insurance Solutions, made up of life, long - term care, and disability protection • Investments, including diversified solutions to help manage and grow assets with stocks, bonds, and mutual funds • Retirement Planning, such as income strategies, pensions, and social
planning • Insurance Solutions, made up
of life, long -
term care, and disability protection • Investments, including diversified solutions to help manage and grow assets with stocks, bonds, and mutual funds • Retirement
Planning, such as income strategies, pensions, and social
Planning, such as income strategies,
pensions, and social security
In
terms of benefits the National
Pension scheme is no less than the pension plans offered by the life insurance companies in
Pension scheme is no less than the
pension plans offered by the life insurance companies in
pension plans offered by the life insurance companies in India.
«Having a LIRA allows you to become the steward
of your own
pension plan,» says portfolio manager Adrian Mastracci, president
of Vancouver - based KCM Wealth Management Inc, adding that specific
terms and conditions vary by province.
We offer investing solutions whether you are a community bank looking to support your investment coverage or you are a
pension fund, endowment
plan, or foundation looking for a partner with a long -
term record
of successful investing.
Continuing under the assumption that you have a defined benefit
pension plan that will pay you $ 50,000 per year until you pass away I would say that your
pension plan is more similar to a life annuity rather than a GIC since a GIC comes to
term whereas an annuity pays until death, but if you are trying to put a value on the holding
of your
pension plan I would say that yes, it is fair to count it as a million dollar GIC at 5 %.
TORONTO — The Conference Board
of Canada says the proposed Ontario Retirement
Pension Plan will mean long -
term increases in income that offset the small negative effect on the economy over the near - to - medium
term.
Expected decreases in Employment Insurance and Workplace Safety and Insurance Board payroll premiums «further mitigate the short -
term economic impact»
of the Ontario Retirement
Pension Plan.
Tax
planning should be a long
term strategy that takes into consideration the timing
of Social Security benefits and
pensions.
Unlike an employer managed
plan, such as the 401k or a
pension plan, an IRA offers a lot more flexibility in
terms of investing choices.
Regardless
of whether the capital markets do well or poorly, your employer is bound by the
terms of the
plan to provide your monthly
pension amount to you as calculated by the formula.
In times
of economic challenges, being able to pay your monthly bills may represent financial security in the short
term, but most
of us must also
plan for supplementing social security and / or
pensions received from employers.
There is a decent amount
of demand for safe long - dated debt from
pension plans, life insurance companies, and other long -
term fixed income investors.
He expects the long -
term stock market return to be 3 % — not the historical norm
of 7 % that
pension plans continue to lean on.
Grantham believes it's likely the majority
of pension plans will run a long -
term deficit, and this will have major policy implications for government.
The changes affect both employers and workers, but it is particularly important for those running a business to be aware
of them because they will carry the larger share
of responsibility in
terms of implementing the new changes — known as the automatic enrolment
pension plan — in both financial and administrative
terms.