Sentences with phrase «toward pension contributions»

The share of the state's revenues going toward pension contributions has more than doubled — from 6 % of the state's operating budget in 2008 to 15 % in 2013.

Not exact matches

One thing that hasn't changed is the payment mix, which still skews heavily toward «other» — non-salary payments such as cash bonuses, share and options awards, pension contributions and other compensation.

We need repeal of union give - aways like the Triborough Amendment which rigs union contracts and benefits, repeal of the Wicks Law which raises public construction costs, reform of binding arbitration rules affecting police and fire contracts, and movement toward defined contribution pension plans for public employees.»

Republican candidate for governor Rob Astorino on Friday blasted the compromise of 2012 that created a new pension tier, saying he would support a plan that would move toward a defined contribution system.

Today, 85.2 percent of South Carolina's pension contributions are going toward pension debt.

Today, 87 percent of New Jersey's pension contributions are going toward pension debt.

But instead of simply trimming existing teacher pensions, alternative benefit designs like 401 (k)- style defined contributions plans or cash balance plans would enable all public school teachers to accumulate savings toward a secure retirement, including those with shorter careers.

Debt costs: The majority of contributions into teacher pension plans today are not going toward retirement benefits for today's teachers; they're mainly going toward unfunded pension liabilities.

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.

However, this incentive to retire earlier is already changing without any public policy reforms because companies are moving away from defined benefit pension systems and toward defined contribution systems.