Exact(2)
But we will all feel the effects in future as the trend for employers to pull out of providing decent workforce pensions is accelerating.
If the setbacks for pension funds are severe enough, it could force state governments to raise taxes to cover shortfalls and induce companies to cut back on dividend payments to shareholders in order to set aside additional money for their private workforce pensions.
Similar(58)
The carmakers would also be able to restructure their workforce, pension and property costs during the process, Romney said.
Greg Clark broke his silence to extract promises from Melrose concerning the workforce, pension schemes and its commitment to research and development should its £8.1 billion bid for GKN succeed.
The deal nearly collapsed late Wednesday when three Republican senators on a conference committee tasked with finishing the package refused to sign off, and one Democrat -- Maryland Sen. Ben Cardin -- balked at hits to the federal workforce pension plan.
The entire deal nearly collapsed late Wednesday when three Republican senators on a conference committee tasked with finishing the package refused to sign off, and one Democrat -- Maryland Sen. Ben Cardin -- balked at hits to the federal workforce pension plan.
Social insurance policies have been changed to encourage greater participation in the workforce, and pension reforms have been introduced that clearly link the amount paid into the pension system and the amount disbursed with the overall health of the economy.
Investors have raised concerns about these handouts that are grossly out of line with the workforce's pension pots.
While 401(k) plans have the advantage of portability for a mobile workforce, defined benefit pensions provide greater retirement income security and reduce turnover.
The concept is simple: Young people in the workforce finance the pensions of the older generation, with the expectation that future generations will do the same for them.
Any rescue plan will affect the remaining workforce and the pensions of thousands of retired miners who used to work in the East Midlands coalfield.
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