Sentence examples for liability of the system from inspiring English sources

He argued that if nothing is done to finance Social Security properly, "there is a transition cost and that is, reasonably, the unfunded liability of the system -- $3 trillion to $8 trillion".

Steven A. Kandarian, the benefit corporation's executive director, said the agency would act "whenever it can to derail arrangements that would dump unfunded pension liabilities on the system at the expense of" retirees and other pension plans, which pay insurance premiums to his agency.

As has happened in other states like West Virginia and Michigan, converting from a defined benefit pension plan to a defined contribution plan creates enormous transition costs – something that proponents of 401 k)s are not keen on mentioning – that dramatically increases the unfunded liability of the pension system and severely weakens the retirement security of public employees.

He then tells us that the best estimate of the unfunded liability of the public pension system is $3.2 trillion (page 3), which he adds is approximately 21percentt of GDP.

The liabilities of the banking system, in particular, will need to be dramatically reduced.

Maybe blaming Mr. Gore for future mortality wouldn't have worked; but Mr. Bush's advisers seem to think that blaming him for the entire future liabilities of the Social Security system will, or at least can serve temporarily to confuse voters who might otherwise have started to think too clearly about the subject.

This outcome leads to large savings in the net pension liabilities of the pension system.

Our feasible reform achieves appreciable increases in the labor supply and sizable reductions in the implicit liabilities of the pension system.

The consequence was that lending has been rising at an unsustainably fast annual rate of 15% of national income per annum since 2008, so that total debts are now twice GDP, and the total liabilities of the banking system exploded by $15tn over that period.

This is a liability of any system sensitive to the first temporal derivative of stimulus intensity without some additional nonlinearity such as thresholding.

The advantage of a privatised system is that it stops the government from accruing more unfunded liabilities, making the total cost of the system lower over time.