Sentences with phrase «to pay for pensions»

The fund pays for pensions of both state workers and local public sector employees.

Not fully funding pension obligations now costs taxpayers more in future years to pay for the pension benefits of employees, he said.

Why must taxpayers be stuck paying for pension plans which cost so much they made little sense even when the economy was good, never mind now?

The stock market declines in 2008 led to higher payments from state government to pay for the pension system and a reduction in pensions for most retirees.

Also I'm sure you are also aware certified charter school teachers are also in the teacher retirement system which means public dollars are going to pay for their pension obligations.

The savings of the current workforce are increasingly believed to be insufficient to pay for the pensions of the soon - to - retire.

In addition, salary increases may have been diminished during their tenure to pay for the pension system.

States have not paid for pension costs on an honest accounting basis, and they have accrued billions of dollars in pension debt that avoids so - called «balanced budget» requirements.

Campaign Issues Latimer launched his campaign criticizing Astorino for borrowing to pay for pensions rather than raising...

«A public officer has a duty to maintain this trust throughout their service, and taxpayers should not be expected to pay for the pension when that breach of good faith has occurred.»

In any event, the cost of termination is generally thought to be much greater than a capitalisation of the future cost of paying for the pensions on an ongoing basis.

no one deserves a pension who is in the legal system, and I consider it maggot parasite robbery that my taxes pay for that pension.

New York's governor says it adds «insult to injury» that taxpayers have to pay for pensions for elected officials convicted of corruption.

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.

This would have the benefit of putting those MPs who supported Brown's 1997 Budget raid on pensions in the same boat as the voters who pay for their pensions.

In New Jersey, teachers and their unions find themselves the target of open ridicule from Gov. Chris Christie, who is seeking major increases in how much the state's public employees pay for their pensions and health care.

However, even this is inadequate; the portion of salary required to pay for pension wealth accruals of current teachers and to pay off the unfunded liability is 31.3 percent.

If a certified charter school teacher (majority are certified) goes to work in a traditional public school instead (which they would because they are teachers), the public is still paying for the pension.

When a person opts to pay for his pension at the age of 50 - years and receives the pension at 66 - years, the benefits are lower as compared to a 30 - year - old individual.

The Michigan Constitution requires that governments set aside money to pay for pension benefits when they are earned by the employee.

The premium amount that is paid for the pension plan is exempts the tax under the section 80 CC of the Income Tax Act.

Latimer launched his campaign criticizing Astorino for borrowing to pay for pensions rather than raising property taxes.

Joe Spector, Gannett's Albany bureau chief, characterized Miner's letter as «scathing» in a story about how much money local governments are borrowing to pay for pension costs this year.

«The people of our state have been paying for the pensions of corrupt public officials for too long,» Norris said.

Or, you wipe out the pension fund, push it on to the government's Pension Benefit Guarantee Corporation, and use the money that you were going to pay for pensions to pay stock dividends.

«The more we have to pay for pensions, the less police forces have available to spend on hiring officers to fight crime.

«Last year, the Republican led Senate passed legislation that would allow the voters of this state, who are paying for these pension, to decide if stripping a politician convicted of corruption of their pensions is warranted,» McGrath said.

The retirement age must be raised to 68 to pay for pensions, or future generations will pay the price with a 4p rise in income tax, John Hutton has said.

The retirement age must be raised to 68 to pay for pensions, or future generations will pay the price with a 4p rise in income tax, John Hutton has warned today.

Unite NHS members including health visitors, pharmacists and paramedics now face, on average, an extra # 30 - a-month to pay for their pensions, against a background of soaring household bills.

«They violated the public trust while in office and so the public should no longer have to pay for their pensions,» Dadey said.

Not just building prosperous, competitive economies, providing good public services and paying for pensions but creating strong societies, improving quality of life, ensuring that everyone feels they belong.

It's to pay for pensions and health care.»

But more people claiming their pension for longer has a real life impact on our ability to pay for pensions.

In a district like Philadelphia, where dollars are being squeezed from classrooms to pay for pension benefits, only 36 cents from each district school dollar goes to classrooms, according to a report by NPR.

Since FY14, when the pension payment jumped by $ 400 million to a total of over $ 600 million, CPS has turned to a series of one - time fixes to pay for pension costs and prevent significant school budget reductions.

Yale needs to pay for the university's operations; the CPP needs to pay for the pensions of millions of Canadian; and Berkshire's insurance float needs to pay for future insurance claims.

The need to pay for the pensions of people who are already retired or near retirement age poses a challenge to all plans for privatizing Social Security.

«We're paying 10 % for something that's worth only 6 % and that's because we're paying for the pensions of our parents and grandparents,» explains Fred Vettese, chief actuary at pension and benefits consultants Morneau Shepell.

Who is going to pay for the pensions?