Sentences with phrase «up of pension plans»

Represented not - for - profit organizations at Financial Services Tribunal hearing into funding liability on wind up of pension plans.

(5) If the Superintendent intends to make an order requiring the wind up of a pension plan or declaring a pension plan wound up, the Superintendent shall serve notice of the intended decision, together with written reasons for it, on the administrator and the employer, and the Superintendent may require the administrator to transmit a copy of the notice and written reasons to such other persons or classes of persons or both as the Superintendent specifies in the notice to the administrator.

77.2 Section 68 applies, with necessary modifications, with respect to a partial wind up of a pension plan.

77.8 Sections 75 and 75.1 apply, with necessary modifications, with respect to a partial wind up of a pension plan.

Monsanto is the leading pension case regarding distribution of actuarial surplus on the partial wind - up of a pension plan.

Not exact matches

The consensus for why these two shelled out to the Ontario Teachers» Pension Plan for 79.53 % of MLSE could have been summed up in a headline, with three words written in all - caps and 5,678 - point type: «CONTENT!

The NDP has to decide whether it will prop up the minority Liberal government, but even if it doesn't, the provincial pension plan is likely to become a key part of the Liberals» election platform.

CMHC controls about two - thirds of the market while publicly traded Genworth Canada has around 30 %; Canada Guaranty (part - owned by the Ontario Teachers» Pension Plan) mops up the remainder.

Trapani and Shindler have also discarded their old pension plan entirely since the «defined benefit plan» was set up to provide payouts only to employees who stayed until age 60, which just didn't meet the needs of the company's somewhat transient work force.

A simple warning to all companies that provide employees with some type of pension plan or health, welfare, or fringe benefits: don't mess up federal reporting requirements or you'll face hefty late - filing penalties.

The ITA has also set limits on employer contributions to DB pension plans that have limited the building up of prudential reserves in them.12

And benefits aren't bad either: 401 (k) matching up to 7 % of salary, 12 weeks of maternity leave, and pension plans.

We have the history to back that up, with much of the beloved Pearson's headline accomplishments coming from a minority government: universal health care, the maple leaf flag, and the Canada Pension Plan.

(The balance is made up of debt owed by local governments and the Canada and Quebec pension plans.)

The recent stock market and real estate bubbles are much like pyramid schemes in the sense that what is bidding up stock and property prices is an exponential inflow of new money from pension plans and mutual funds (for shares) and bank credit (for real estate).

Controversial reforms Greece promised to pass into law by Wednesday include reforming the VAT system, overhauling pensions and signing up to plans that ensure immediate spending cuts in the event of breaching creditor - mandated budget targets.

Total compensation per employee consists of many different elements, including not only negotiated / imposed wage settlements, bracket creep (employees moving up within their pay range), composition of employment (professional vs clerical), pay equity, pension and other future employee benefit costs driven in part by market conditions, Canada and Quebec Pension Plan contributions (which increase by the annual increase in the industrial wage), among pension and other future employee benefit costs driven in part by market conditions, Canada and Quebec Pension Plan contributions (which increase by the annual increase in the industrial wage), among Pension Plan contributions (which increase by the annual increase in the industrial wage), among others.

I have been maxing out my 401k contributions for the past few years and I also defer 10 % of my gross income into a pension plan set up by my employer.

Expansion of the Canada Pension Plan and the Unintended Effect on Domestic Investment finds that by increasing the Canada Pension Plan payroll tax, the federal and provincial governments will inadvertently shrink the pool of money available for investments in Canada — potentially up to $ 114 billion by 2030.

Ontario would face much greater costs to set up and administer its pension plan if it can't get the co-operation of the Canada Revenue Agency.

The evidence shows that, left to their own devices, many Canadians are just not saving enough to secure a decent retirement, and certainly not enough to make up for the sharp decline of compulsory saving though traditional employer sponsored pension plans.

The CFIB, in other words, represents a number of shops whose employees are paid substandard wages with no in - house pension plans, and who can get away with it because the taxpayer is topping up the low CPP / QPP payouts their employees receive on retirement.

40 % of pension plans in the Mercer Pension Health Index were fully funded by the beginning of this year — up from a mere 6 % ipension plans in the Mercer Pension Health Index were fully funded by the beginning of this year — up from a mere 6 % iPension Health Index were fully funded by the beginning of this year — up from a mere 6 % in 2013.

Plan participants can opt to start receiving their pension anytime between the ages of 60 and 70, with the annual pension amount adjusted down or up on an actuarially fair basis.

Might it be that the Ontario Teachers Pension Plan or another of TPG's deep - pocketed investors picks up part - ownership of Treasury Wine Estates's US wine business, Beringer?

He was instrumental in setting up the pension plan, and even today he says, «I am as proud of that as anything I did on the field.»

Plans intended to lift pick - up rates for funded alternatives hardly reach those at risk of pension poverty, as they often can't afford to pay into such schemes and their employers are disproportionately likely to opt out.

Set up in October 2003 the group has secured some notable parliamentary successes, including stopping the privatisation of the Forensic Science Service, helping solve a long running pay dispute in the Department for Work and Pensions and more recently opposing the government's plans to reduce the redundancy rights of our members.

Gov. Andrew Cuomo's administration pointed out that it has already adopted some of the suggestions, including building up the rainy - day fund and trimming pensions with a less - generous pension plan — known as Tier VI — for public employees.

Governor Andrew Cuomo walked back a step from his proposal to give new state workers the option of a 401k style pension plan Monday, but the governor says without major pension reform, local governments and the state of New York could end up «bankrupt».

By early evening, Governor Andrew Cuomo and legislative leaders had reached a deal on a number of issues including a redistricting plan, expansion of the state's DNA data base, pension reform, and a constitutional amendment to allow up to seven new gambling casinos in New York.

New York's two - year - old Voluntary Defined Contribution (VDC) retirement plan — the most significant structural reform in Governor Andrew Cuomo's 2012 Tier 6 pension legislation — is shaping up as a popular alternative among the relatively small number of government employees eligible to sign up for it.

Yet on Monday, he was holding himself up as the defender of the pension fund against the plan, and being hailed by labor unions for doing so.

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 yeaUp - 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 yeaup 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.

As part of the budget, Cuomo has proposed a 25 - year financing plan to allow municipalities to defer a portion of their pension bills to the state and make up the difference down the road.

The coalition has embarked on the most radical reform of pensions in a generation, aiming to give people more freedom and responsibility over their retirement plans, and shake up the pensions industry with more competition.

The WFP wanted to endorse Cuomo, the Democrat and favorite, in order to rack up the necessary votes in November; Cuomo wouldn't accept the endorsement unless the WFP swallowed his budget - cutting agenda, a plan that could chop the pay and pensions of the unionized public employees who make up the WFP membership.

The nearly vertical slope of the pension - wealth accrual curves leading up to age 50 shows the powerful «pull» incentives in these plans, which encourage educators to stay in their jobs.

State pension plans treat them all the same, and we end up in a situation where there are some big winners at the expense of lots of small losers.

In the fantasy world that the National Institute on Retirement Security has created, state pension plans do a bang - up job of delivering benefits to workers.

Over time, through a combination of poor funding practices and unstable investment returns, pension plans have failed to live up to that promise.

I can assure you that my generation has only recently woken up — probably rudely shaken to reality by the fact that our struggles to plan for a carefree «after work» life, has not and will not materialize, and most of us finding that the efforts to ensure a good pension plan, has largely been based on illusions, dished out by the insurance companies, which ultimately are not much better than the banks that have brought on the economic demise, but for their part will still continue their self - enriching bonus system.

Opting out of the state pension plan frees up about $ 1 million at each school.

They're shoring up the finances of their underfunded pension plans by creating less generous plans for new workers, asking them to contribute more, and increasing penalties for mobility.

There is considerable and growing evidence that 1) at least half of teachers today will not qualify for even a minimum state pension benefit; 2) state pension funds now carry roughly $ 500 billion in debt and are eating up larger and larger shares of teacher compensation; 3) most teachers would have a more valuable retirement if they participated in a traditional 401k plan; and, 4) today's teachers, to their own financial detriment, subsidize the pension of currently retired teachers.

The layoffs announced Monday by Chicago Public Schools — 62 workers, 17 of them teachers — were far milder than feared earlier in the school year, but the district's plan to end its longstanding practice of picking up pension costs for teachers led to a fresh strike threat from the Chicago Teachers Union.

For teachers (who make up over 60 percent of workers covered by New Jersey's state pension plans) the current pension system disproportionately allocates benefits.

The plans for eviscerating No Child offered up by Senate Health Education Labor and Pensions Committee Chairman Lamar Alexander and House counterpart John Kline, if passed, would go further and eliminate any form of accountability.

Despite years of fully funding its share of the teacher - pension plan, the proportion of the St. Louis district's budget tied up in paying benefits for its teachers now makes up about 10 percent — a factor that, coupled with other rising costs, is fueling ongoing cuts in this beleaguered district.

When the Society of Actuaries updated their mortality assumptions, commonly used by pension plans to estimate future payments, they anticipated that pensions could expect up to a 7 or 8 percent increase in liabilities.