Sentence examples for apply to pensions from inspiring English sources

It will also lose about $200 million a year in noncash profits that it was allowed to report because of accounting rules that apply to pensions.

And the law does not apply to pension plans for state or local government employees, although a minority of the plans follow it.

However, it applied to pensions only from that point on.

If this approach were applied to pensions, he said, it would protect retirees from the risk that a future administration might raise taxes, eating into their benefits.

Under the shake-up, the eight different sets of tax rules currently applying to pensions will be swept away and replaced with a one-size-fits-all lifetime limit on how much someone can save in a pension while enjoying tax relief.

California-style tussles over prospective pension rights, says Josh Rauh at Stanford University, are one of the three battlegrounds for state and local governments facing pension shortfalls, along with the cost-of-living adjustments applied to pension benefits and the effect of municipal bankruptcies on pensioners.

The same rule applies to pension funds.

The difference — three or four percentage points — translates into hundreds of billions of dollars when applied to pension obligations.

Under the discounted cash flow model, lower discount rates meant higher present value (the same reasoning as applies to pension liabilities, of course).

"This initiative defines that a government employee's 'vested rights' only applies to pension and retiree healthcare benefits earned for service already rendered, and explicitly empowers government employers and the voters to amend pension and retiree healthcare benefits for an employee's future years of service," the private draft states.

"You may need to upgrade to a more modern pension that does," she adds, although this can cause problems: "Valuable guarantees sometimes apply to older pensions".