Sentences with phrase «unfunded pension liability»

WolfBlock's unfunded pension liability was widely reported as a merger stumbling block for the 106 - year - old white - shoe law firm.

Feuerball you're absolutely right about the unfunded pension liability; It certainly makes the company look far less undervalued when factored in.

The unfunded pension liability can be viewed as debt.

The C.D. Howe Institute recently revealed Ottawa's unfunded pension liability using government accounting was $ 148.9 billion at the end of the 2011 - 12 fiscal year.

Atlanta Public Schools Chief Financial Officer Lisa Bracken said the school district has higher costs for several reasons: The expense of city living drives up teacher pay; the district has «low population» schools that lack economies of scale but are kept open «due to urban traffic constraints and community needs;» many students need extra services because they have learning problems or disabilities, don't speak English fluently or come from poverty; and the district has a large unfunded pension liability with growing obligations.

In 2011 Illinois increased the vesting period as part of a pension reform law to reduce the state's unfunded pension liability.

«I didn't hear him talk about whether it's fair that we have the most unfunded pension liability in the nation, that we have one of the largest budget deficits in the nation.

The primary reason for Detroit's bankruptcy was unfunded pension liability.

NYC has unfunded pension liability of $ 122 billion, or $ 38,866 per household.

But Moody's, using its new, more realistic investment return assumptions, has calculated an unfunded pension liability of $ 12.7 billion.

Retirees now far outnumber active workers among the city's 700,000 residents, and unfunded pension liabilities are a key source of its problems.

The city's unfunded pension liabilities (i.e., pension debt) ballooned to an officially reported total of nearly $ 65 billion as of fiscal 2016, up from $ 60 billion just three years earlier.

Simply put, the price UTX will pay for this acquisition — which comes to ~ $ 33 billion when accounting for all forms of debt and unfunded pension liabilities — makes it almost impossible for the deal to create long - term value for shareholders.

The Ba1 rating on Chicago's GO debt incorporates expected growth in the city's highly elevated unfunded pension liabilities.

Based on the Illinois Supreme Court's May 8 overturning of the statute that governs the State of Illinois» (A3 negative) pensions, we believe that the city's options for curbing growth in its own unfunded pension liabilities have narrowed considerably.

Classifying pensions as senior debt won't stop bankruptcies if a company can't change with the market, but that's no reason for johnny - come - lately PE firms to ignore unfunded pension liabilities so they can take the cash & run.

They won't mind that government deficits have ballooned to 12 % of GDP (or 18 % of GDP in the United Kingdom, if unfunded pension liabilities are taken into account).

It's the growing problem that no politicians want to talk about: unfunded pension liabilities.

Board member James Vitiello, who represents Dutchess County, said that while he shares Pally's empathy for riders, he does not believe the MTA can afford to give up the fare increases — a move he said would set a «dangerous precedent» as the MTA wrestles with nearly $ 50 billion in debt and unfunded pension liabilities.

«We are very proud that we can take this extra money we have and pay down those unfunded pension liabilities.

Garcia, by contrast, has appeared shaky in explaining how he'd pay for millions of dollars in new spending that he says would even Chicago's socioeconomic playing field — let alone how he'd deal with the city's $ 20 billion in unfunded pension liabilities.

(Note that the National Center for Education Statistics» calculation of total per pupil expenditures excludes unfunded pension liabilities.

In early 2016, spurred by a seemingly perpetual bankruptcy crisis at Detroit Public Schools (DPS)-- by this point, counting unfunded pension liabilities, the district was almost $ 1.7 billion in the red — the state senate narrowly passed a bill that would bail out the district and split it into two separate entities: the old DPS, which would exist to collect taxes and pay down debt, and a proposed new Detroit Education Commission (DEC) to oversee schooling in the city, including regulating the openings and closings of traditional public schools and charter schools.

For his part, Emanuel was still pressing for a delay to address the city's pension situation, as unfunded pension liabilities for the city alone reached $ 19 billion.

Unfunded pension liabilities for U.S. teachers are massive — nearly $ 325 billion in 2012 — and only one - fifth of...

This would be better for teachers and help keep states from continuing to add to their burgeoning unfunded pension liabilities.

Unfunded pension liabilities pose an enormous threat to states» ability to fund public services, including education.

It's money that must be used to pay down unfunded pension liabilities, not actual retirement benefits.

Districts face bona fide legacy costs (e.g., building maintenance, debt service, transportation, unfunded pension liabilities, and inflexible teacher contracts) that make it costly and painful to right size.

Local districts must own their role as fiscal stewards responsible for their budgets and stop ignoring the hard decisions that lie ahead - like crushing unfunded pension liabilities or underused facilities - and come up with a range of solutions that ultimately benefit ALL public students.

On January 27th, 2015 Kern County declared a fiscal emergency citing lower tax revenues from oil producers and growing unfunded pension liabilities as the cause.

Those fears crescendoed when the school board voted one month before the May 16 election to support State Bill 808, which would have allowed school districts to close or reject charter schools if they could be considered a financial burden to the district, which has yet to decrease its staffing levels despite declining enrollment and is facing billions of dollars in unfunded pension liabilities and projected budget deficits.

Charters, though, have generally not been around long enough to accumulate their own unfunded pension liabilities.

Georgia's high court agreed, and ruled that charters can not be asked to share in the burden of paying down unfunded pension liabilities.

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).

Unfunded pension liabilities are the estimated value of benefits earned by employees minus the assets set aside to pay them.

Guest blogger Chris Lozier proposes another way to put unfunded pension liabilities in perspective.

The district of 665,000 students is saddled with immense unfunded pension liabilities and is headed into the red.

Late - career teacher salary raises can dramatically affect state unfunded pension liabilities

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.

Illinois has weighty long - term debts, large unfunded pension liabilities and big budget imbalances.

«A shared risk plan could also help taxpayers get out from under massive unfunded pension liabilities, such as the $ 6.5 billion liability at Canada Post alone.

The net current assets investment selection criterion calls for the purchase of stocks which are priced at 66 % or less of a company's underlying current assets (cash, receivables and inventory) net of all liabilities and claims senior to a company's common stock (current liabilities, long - term debt, preferred stock, unfunded pension liabilities).

New Jersey has about $ 46 billion in unfunded pension liabilities and $ 66 billion in unfunded healthcare liability.

Administrative Law: Utilities; Pensions How are unfunded pension liabilities in regulated industries to be dealt with.

They asserted that their claim had priority over the DIP lenders because the unfunded pension liabilities created a statutory deemed trust under the PBA; and

Unfunded pension liabilities like the one that helped bring down the century - old law firm of WolfBlock are an issue consultant Robert Denney has been screaming about for a very long time.

Pew's evidence - based research has helped Kentucky develop policies for cutting corrections and juvenile justice costs and recidivism, reducing the state's unfunded pension liabilities, and supporting an innovative home visiting program.

Not exact matches

$ 119.1 billion of those unfunded liabilities are tied to shortfalls in the state's failing pension program.

It shows that assertions questioning the capacity of the FEDERAL government to pay for programs, usually prefaced with the call for â $ ˜â $ ˜adult conversationsâ $ ™ â $ ™, and couched in terms such as fiscal sustainability, solvency, and unfunded liabilities, are red - herrings that will lead to needless reductions and privatizations of public programs in health care, elder care, pensions and so on.»