Sentence examples for the required pension from inspiring English sources

In addition, though the city anticipated the savings, it failed to budget the required pension payments of $2.4 million and $3.8 million in 2006 and 2007, respectively, as required by the bill.

So in 1997, when Gov. Christie Whitman borrowed $2.8 billion in pension bonds to keep the system afloat, she bought off the public employee unions' opposition -- "Hands Off Our Pensions" must be the first protest sign a union worker learns to paint -- by lowering the required pension deduction on paychecks from 5percentto3percentcent.

Quinn says that in each of his years as governor he has made the required pension contribution, something ignored by previous administrations.

Unless you had a fiscally tough city manager, it was simply far too easy to compensate public employees with pension promises, while avoiding the required pension contributions.

But Moody's warned: "If progress is not made toward improving the financial condition and liquidity of district operating funds, or if challenges arise in making the required pension contributions, the district's general obligation credit quality will be impaired".

United has been operating under bankruptcy protection for almost a year, and its executives have said that the large, required pension payments are its single largest stumbling block as it works to emerge from bankruptcy.

The Association of Flight Attendants, meanwhile, said the airline had deliberately ignored required pension payments in arranging the financing.

United Airlines is devising a plan to postpone about $2 billion of required pension contributions over the next three years, having concluded that it is the only way to bring the airline out of bankruptcy.

The IMF has indicated it will resist the Greek government's plans to achieve required pension savings partly through an increase in employer contributions, according to a source close to negotiations between the Greek government and official creditors.

C19 BUSINESS DAY C1-18 Unised Seeks Pension Relief United Airlines is hoping to gain I.R.S. approval for a plan to postpone about $2 billion of required pension contributions over three years, having concluded it is the only way to get out of bankruptcy.

If a company skips its required pension contributions, it can be required to pay a big excise tax.