Sentence examples for pension tier from inspiring English sources

"The governor's proposal for a new pension tier is like eating your seed corn.

Mr. Brown said that the new contracts created a new pension tier for newly hired workers.

Mayor Michael R. Bloomberg has been asking for another, lower pension tier for new employees.

Two years after introducing a new pension tier for public employees, New York State is considering yet another plan.

"If you think about the $45 billion the pension fund lost this year, a new pension tier is desperately needed".

And, despite the recent adoption of a new, less generous pension tier, pension costs are expected to increase 132 percent during those three years.

The state has a system of five pension tiers that apply to workers hired in different periods, with more recently hired workers generally receiving less in benefits.

Spokesman Eddie MacDonald sad: "Although our organisation has been campaigning for many years for an end to means testing, today's Budget announcement shows no end to that and is simply a clever way of disguising what will actually be in place for pensioners, a two tier pensions system by another name".

Iain Duncan Smith, the work and pensions secretary, will declare that the new "single tier" pension will ensure women receive a full state pension in their own right.

"Although the so-called 'single tier' pension will in the long term produce smaller pensions for men and women than the system it replaces, it will typically be more generous for this group of women approaching retirement".

The organisation claimed that the single tier pension scheme, confirmed in the Budget is "shambolic" and that a two tier state pension will still be in place for many pensioners.