For 2011 and 2012, that meant losses, largely because interest rates were falling — that increased the current
value of pension obligations, which affected the plans» expenses.
Not exact matches
The prevalence
of public
pensions in the U.K., which require ongoing cash streams to service their
obligations, has helped to create a market culture that
values higher yields.
The devil in the details: how do you prevent normal business activity (eg: buying Christmas inventory) from taking the
value of a weak company below the
value of unfunded
pension obligations?
That argument simply does not hold water as the under - funded amount, $ 2.6 billion, represents the present
value of all future
obligations less the
value of the assets EK's dedicates to the
pension obligations.
Economists have tried to calculate the total
value of all the healthcare and
pensions obligations that governments have promised to future older generations.
«We will re-instate lifelong
pensions and increase their
value in line with the
obligation we have made to those injured in the line
of duty.»
As this occurred, the
value of all outstanding collateralized debt
obligations also declined, creating huge losses for investors, including
pension funds, mutual funds, hedge funds, and other types
of investment vehicles.
By order dated July 14, 2014, the motion judge, the Honourable Justice Martin S. James
of the Ontario Superior Court
of Justice sitting at Ottawa, granted Mr. Arnone's motion for summary judgment and ordered Best Theratronics to pay (i) damages equal to the gross amount
of the salary Arnone would have earned until he qualified for an unreduced
pension, less payments made to him to satisfy the statutory
obligations of the employer, (ii) $ 65,000 representing the present
value of the loss
of an unreduced
pension, (iii) a retirement allowance equal to 30 weeks» pay, and (iv) costs totaling $ 52,280.09.