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A year shaved off an estimate, or a decimal point's difference can significantly reduce pension obligations.
Second, no company should be able to pay dividends without a plan to reduce pension scheme deficit.
He said workers at Gerling agreed last month to a change that would reduce pension benefits for most of them.
We, too, are seeking to legislate changes to reduce pension and benefit costs and modernize our labor laws.
On Tuesday, the Latvian Parliament backed budget cuts of almost $1 billion that will reduce pension payments and public sector salaries.
In effect, they are guaranteeing such returns to their workers, since it is very hard (legally) to reduce pension benefits for existing employees.
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It is important to stress that any changes will not affect existing pensioners and will not reduce pensions that existing workers have already accrued.
The move would reduce pensions for seven retired musicians.
Gathering them in one place is crucial to bringing down the charges which bear upon them and ultimately reduce pensions.
Labor leaders in Austria voiced similar complaints about the government's plan to reduce pensions by 11percentt.
His union has led an effort to organize workers at I.B.M., after the company angered employees with a plan to reduce pensions.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com