Sentence examples for existing pension plan from inspiring English sources

Last year, city residents voted overwhelmingly to close the existing pension plan to new hires.

Mr. Zwilling would not discuss whether the archdiocese would consider sweetening the union's existing pension plan.

Delta has proposed stopping accruals to the pilots' existing pension plan and allowing the pilots to continue earning a retirement benefit, albeit a less generous one.

He said in an interview that the union would consider dropping the proposal if the archdiocese improved the existing pension plan.

Even if it fully embraces the proposal, Maine will have to come up with a considerable sum to sustain its existing pension plan, presumably through some combination of taxes and service cuts.

They want the oil companies to make permanent the existing pension plan, which allows workers to retire at age 62 with two-thirds of their salary, and to offer temporary workers full-time jobs.

Stockton chose to stay with Calpers and keep its existing pension plans, cutting other obligations and pushing through the biggest sales tax increase allowed by law.

That the union officials were able to stave off the pension freeze that the NFL had been aiming for, grandfathering existing pension plans into the new deal, makes this seem less than the decisive victory that the NFL had hoped for when it went to the replacement officials.

The existing pension-deferment plan was approved in 2010 and permits public employers to borrow from the pension fund to pay their pension costs.

Companies instead set up 401(k) plans, which were never intended to be a retirement plan but a supplement to an existing pension -- the typical employer contribution rate is equal to 3percentt of pay versus 8percentt of payroll for a regular pension.

On Monday, it scrapped one part of the package, saying it would have undermined separate, existing pension rules that are designed to keep executives from turning pension plans into tax shelters.