Sentence examples for retiree payment from inspiring English sources

As for pensions, a possible outcome is a recommendation to follow other states --many of which are in the same pickle --by scurrentg the current defined benefit pension system, which promises a specific retiree payment each month, for a defined contribution plan, in which the state only promised to put aside a certain amount, with no guarantees about how much will be there when a worker retires.

The government agency defaulted on a $5.5 billion retiree benefit payment in August.

The loss forecast for 2012 assumes that the agency will not make any of the $5.6 billion in retiree health payments coming due, Mr. Corbett said in a conference call with reporters.

For the fourth consecutive year, the Social Security Administration had to sell investments to meet retirees' benefit payments.

The debt limit, or ceiling, which is the amount that the nation is allowed to borrow, must be raised if the United States is to pay for all the things that Congress has already bought: the spending in the budget bills it has already passed, the Social Security checks promised to retirees, the payments due to private companies with federal contracts and the interest on bonds it has sold.

The White House's budget blueprint for 2018 proposed increasing employees' pension contributions and changing the formula to reduce retirees' annuity payments, among other cost-cutting measures.

It bases this percentage off the retiree's benefit payment.

San Bernardino, Calif., files for bankruptcy and a court lets Stockton, Calif., cut its retiree health care payments.

Together with the transfer of retiree health care payments to a union-run fund, U.A.W. concessions have reduced average labor costs at the three Detroit carmakers by some $20 an hour in the last four years.

The agency, which has defaulted several times on retiree healthcare benefit payments, is also suffering as customers increasingly turn to email and other electronic transactions.

The U.S. Postal Service released a dire financial report for the third quarter, featuring a $5.2-billion 5.2-billionst-closs masl volume shrinks and the agency continues to default on retiree healthcare benefit payments.