Pension Quotations

State constitutions typically provide that the state first has to service its debt, then make it pension payments, and then pay for services. What we don't know is whether that order will be enforced. And ultimately, the busted state is going to be looking to the federal government for a bailout. Think Greece, but on a much bigger scale.

Many financial and industrial companies have been bailed out with the public's money, but very few of those who had run those companies have been punished for their failures. Yes, the top managers of those companies have lost their jobs - but with a fat pension and mostly with a handsome severance payment.

The do-it-yourself version of pensions is a flop, as many Americans have painfully learned.

It was 1981. I was working on a novel. And I put that novel aside one day after I read a newspaper article. The story said there were 19 women still on the pension payroll who were Confederate war widows. They were women who very early in their lives had married very old men.

The economic tsunami has hit all airline employees. With the 2001 terror attacks, airline bankruptcies, pension terminations, loss of pay, changes in work rules - we're all working harder and longer than we used to.

Pension funds, endowments, and private investors trust Mitt Romney's former company Bain Capital enough to hand it billions of dollars in assets.

People don't place their trust in government or company pension plans; they have to be self-reliant.

But, at the end of the day, we need to represent the taxpayers who have made enormous sacrifices. Many have lost their jobs. Many of them have seen their companies - they don't have a pension - they have seen their companies cut the match for their 401(k). They have seen their health care benefits be shredded.

The NFL pension is the worst in the world of business. It's an embarrassment.

Groups are corporations now. They have pension plans. Musicians have saw the daylight.

Bonds as an asset class will always be needed, and not just by insurance companies and pension funds but by aging boomers.

Employer contribution pension plans have become increasingly popular throughout the past two decades.

When I first met my husband, he had a very good job - company car, pension plan, grudging respect from his staff - the lot. I, on the other hand, was badly paid and devoid of ambition. Then I had a couple of books published and confounded all expectations by starting to earn more than he did.

I'm 78, I'm on my pension in Ireland, and all that good stuff

Social Security got passed because John D. Rockefeller was sick of having to take money out of his profits to pay for his workers' pension funds. Why do that, when you can just let the government take money from the workers?

I think I'd make a pretty good president, and they have a great pension plan.

Things that have happened with Enron and companies like that, where they've squandered their employees' pension funds, I think it has brought a new level of anxiety. People don't feel like they can trust their employer.

You can't have bank holding companies acting as hedge funds. You can't have them taking a million-dollar pension plan for Joe Schmo the bus driver and treat it with the same risk appetite that you treat George Soros' pocket money. It's fundamentally ridiculous.

Under Reagan came the idea of putting your pension plan in the stock market, which wasn't a guaranteed pension.

A corporation's responsibility is to the shareholders, not its retirees and employees. Companies are doing everything they can to get rid of pension plans and they will succeed.

When I was young, many people worked for a company with a pension plan that covered them for as long as they lived. If they didn't have a pension plan, they could count on Social Security and Medicare.

One of my fields of experience is with pension funds. And what this governor has done is dangerous, and I will immediately take steps to undo this.

I would expect, eventually, they will have to terminate the pension plan.

I was stunned to see that Delphi's first offer to its workers calls for an unprecedented elimination of health care and pension benefits, and wages as low as $9 an hour,

One of our goals during this time is to maintain stability for our employees. Our employees were used to receiving both a 401(k) plan as well as a pension plan. By continuing to offer both, our employees can continue to stay focused and aggressively strive to serve our customers both during and after the separation from Sprint Nextel.

More and more companies are treating the federal government as a dumping ground for the pension promises they made to their workers and don't want to keep, ... With each passing day, the likelihood of a taxpayer bailout of the agency increases.

None of those proposals are going to solve the problem, which is basically the city needs to fund the pension system, and it needs a big infusion of money to jump start it.

nothing in the bankruptcy code requires companies to skip their pension funding payments.

Retirement seems a long way off when you are in your late 20s or early 30s but if you don't start planning for your pension in time, it will have a serious effect on your future lifestyle.

If we had an anti-business Congress that went after pension reform aggressively, it could have a devastating impact on Wall Street.

Many of these changes are long overdue and will bring the pension system in line with today's work force.

There are lots of questions whether this (pension overhaul effort) will help shore up funding in pension plans, or if some of the reforms are so expensive they'll drive companies out of the system.

Side letters are often needed to allow a pension fund to invest in a hedge fund without violating the terms of the pension fund's charter documents or the provisions of ERISA. Driving this trend is a significant increase in the funds allocated to the alternative investment sector in all jurisdictions - from Japan and Dubai to the UK and the BVI.

She's right on target with her core principles. Taxpayers should have some, but not too many, choices. The pension arena is a good example. There are too many choices of plans. The same is true of education. Here there are two different credits, as well as various deductions for the same purpose.

The primary question is, are you going to be able to produce cars and trucks that are compelling enough to sustain or even gain market share. Health care and pension costs are important issues but the primary issue is always what does your top line look like.

I would say morale is already crippled, ... And that means you will have less proactive police work. You'll have cops out there who'll say, 'just keep your eyes down, answer your calls, get your pension and retire,' and that's the worst thing that could happen.

I would think his election increases the likelihood of a pension bill this year.

I'd be even more worried if I belonged to DC 37 or another public-employee union - the idea that you could actually make a pretty radical change in the structure of pension benefits so that the next generations of workers will have inferior benefits.

I am satisfied that it is appropriate to make that return after having taken into account the review of financing, the ability to invest in opportunities within the group to deliver attractive returns, and the need to make additional payments to our group pension schemes.

Frank has been the financial conscious of this township. I served with him on the pension committee. His mind and his way with numbers is extraordinary. That has been a great benefit to this community.

I feel more optimistic, ... because we have a solution to the problem of the pension fund, which was an enormous problem.

For those who think the current pension system isn't working, we want you to vote for the Democratic Party and let us carry through pension reforms under a Democratic administration.

Based on this report, the choice is either for pensioners to lose over $100-billion in promised retirement benefits or for taxpayers to get slapped with a $100-billion bill for failed private pension plans. Neither is acceptable.

I don't believe the city attorney can advise both city management and the pension system on the same issues.

But there is evidence that some employers still put greater emphasis on paying dividends to shareholders - often other companies' pension schemes - rather than funding their own employees' pension scheme.

China has undertaken several reforms related to the safety net, healthcare reform, pension reform, education reform in the hope to reduce precautionary savings.

Because we have not yet received a detailed description of what UC proposes with respect to a separate pension plan, DOE/NNSA cannot comment specifically on your approach at this time.

What you need for a pension fund is a steady, reliable flow of dollars well off into the future and that's what you get with trees. That's what's magic about them.

We surveyed our members, and their top issues are pension and medical costs, ... Unfortunately, Boeing misread the membership on both those issues and wants to pile on more takeaways.

We surveyed our members, and their top issues are pension and medical costs. Unfortunately, Boeing misread the membership on both those issues and wants to pile on more takeaways.

With me serving as the president, we filed a $3-million lawsuit against the league and its member clubs in an attempt to win increased pension benefits and a larger share Of television revenue.

We're on a downward trajectory here. The traditional pension is not coming back.

If the government imposes an increase in the pension age my view is that industrial action is absolutely inevitable.

If it's a pension plan, every dollar you take out is subject to ordinary income tax because that gain has never been taxed before and the IRS wants your money.

He will retire as commander, with full pension and with an honorable characterization of discharge, consistent with the character of his 20 years service,

Under current law, the only way an airline can avoid burdensome pension costs is by entering bankruptcy and terminating the plans.

Under pressure from a growing movement of people who want their money out of fossil fuels, universities, pension investors and foundations are looking to exclude coal, oil and gas stocks from their portfolios.

There is a huge pension problem here and someone is going to have to pay for it.

Some investment grade mutual funds and pension plans can't hold paper that's below investment grade. People that couldn't own it because of the ratings restriction now can look at it again.

Reform is critical if we are to encourage businesses to offer a pension benefit now, while many workers still have time to build for their retirement. Without reform, more workers will be forced to rely on Social Security, which is already facing financial difficulty.

Our operating profit surpassed our previous estimate because the one-time profit from returning pension funds to government was larger than expected.

I will close down the existing pension plan for future employees,

Japanese pension funds and institutions will likely accelerate their buying from October when the second half of this business year starts. We are seeing one of the best buying chances.

Pension funds and insurers have targets to double their allocation to real estate to 15 per cent. Still, so much capital being raised may be a sign of the end of a good market as some companies may overpay for properties.

Pension funds are caught in a vicious circle. The UK gilt market has now almost completely detached itself from economic fundamentals and has become a story of pension fund demand and Government supply.

Pension funds have obligations that almost mandate that they get higher returns.

Pension funds need long bonds and will be eager to buy at the auction. Demand will be quite strong.

Pension obligation bonds is just a nice way of saying we're going to go borrow more money to pay for the money that we owe. That means that that debt, if you look at it over 30 years, guess who gets to pay that? You do. The students of today will be the people who are the debt payers of tomorrow.

Pension reform is a big priority and today's events don't change that.

It is bad news for taxpayers, who might have to cover part of the unfunded pension costs for Northwest and Delta employees,

I think the veto threat (against the pension bill) is directed primarily at special relief for the airlines.

Our charge is to review any recommendation they have, but then we are also to review funding sources. We have to maintain balance, and we don't want to be in the same situation pension funds in other big cities have found themselves.

Overall, the funded status changed from an undercover of EUR6.6 billion to an undercover of EUR7.2 billion. In the medium term, we aim to fully cover our pension obligations.

I think greater clarity in the legislation was one of the main drivers of pension fund buying of bonds at the end of last year.

It doesn't mean they will lose it. It just means that no additional pension benefits will be earned.

I think that they will file before Oct. 17 for sure. With oil prices where they are and big pension contributions due, and without higher airfares, Northwest had no choice,

I think that they will file before October 17 for sure. With oil prices where they are and big pension contributions due, and without higher airfares, Northwest had no choice,

It is not surprising that because of the combined effect of the double-whammy, falling assets/rising liabilities, average state pension funding levels, as of June 30, 2004, had fallen to approximately 84 percent of their previous apex four years earlier.

I think to a great number of Americans, what happened in their 401(k), or in their pension program, or their IRA was something they were not able to tap anyway, and we are just basically getting back to the upward trajectory over a 10-year pattern anyway, so I don't think people are terribly paranoid about it.

It could have the perverse effect of throttling private sector investment, thereby damaging the UK economy - putting the very pension schemes the regulator is trying to protect under even more pressure.

I think it's important that you know where I stand, what I believe and what may happen before I'm elected, not after you elect me. I propose that we fix the (budget) problem with an equitable mix of budget cuts, restructuring the city pension plan, and if necessary -- and only as a last resort -- I might ask the voters to consider a sales tax increase of one-half cent.

I wasn't thinking about my pension plan until about two years ago. When I was in my twenties, the idea that you'd be thinking of taking a job based on its health-care policy was completely foreign. But these days young people are thinking about these things.

The present value of the additional public expenditures created by the measure is estimated at about three percentage points of GDP. This bill, if implemented, would also have negative consequences for the private pension system, which as of the end of 2005 had $9.5 billion in assets under management.

Unfortunately, parliamentary backing has not been forthcoming for needed actions related to personal income tax, ... Nor have permanent measures to strengthen the pension fund.

Unfortunately, the financial health of the PBGC is not improving, ... The money available to pay benefits is eventually going to run out unless Congress enacts comprehensive pension reform to get plans better funded and provide the insurance program with additional resources.

Unfortunately, the financial health of the PBGC is not improving. The money available to pay benefits is eventually going to run out unless Congress enacts comprehensive pension reform to get plans better funded and provide the insurance program with additional resources.

I would like to thank Adair Turner and his fellow commissioners for their thorough analysis of this important issue. The Commission has had a hard look at the pension system in the UK, and has set out the stark challenges we all face in providing for increasingly long retirements. This report brings home the message the Government first highlighted in the 2002 Green Paper; that people must either save more or work longer.

The American Benefits Council, representing companies that either directly sponsor or provide services to retirement and health plans covering more than 100 million Americans, believes that it is critical that pension reform legislation be enacted this year,

We have always viewed the White House and the House as going along with some airline relief as part of a whole package. If you try to pull it out and pass it separately, it changes the dynamics of pension reform.

The Alliance at IBM is still an active campaign, but we've not been able to build enough support to get to the point to have a vote, ... But the pension changes there, or the cutbacks and pension changes just announced at Hewlett Packard show the need for unions. They're unilateral, with no one in position to speak for the employees being affected.

The 30-year bond sales will take the pressure off 10-year notes when it comes to pension fund managers seeking longer duration holdings for their funds. We will see 10-year yields rise again.

will make it more difficult for airlines to convince a bankruptcy judge that they cannot make reasonable pension payments.

We got the major items that were important to our members with respect to lifetime medical coverage and with respect to a pension rebate worth a lot of money. We made a concession in respect to the health benefits ... We consider that to be an appropriate and fair resolution to the strike.

Unlike pensions, which are regulated, OPEB has no legal requirement to create a trust entity to fund the current and future costs. Additionally, specific tax treatments and credits set up to encourage pension funding do not exist for OPEB funds.

We've been formed because we want a much higher profile so that backroom deals don't govern how this golf course is used. What's been going on with this golf course is like what happened with the pension scandal. This is a bunch of people who think they own the city and don't think the law applies to them. They don't think they're responsible to the community, and they think we're going to roll over.

We are not providing health insurance and we are not providing pension contribution. The net cost to the board will be a reduction over current management of probably about $12,000.

We haven't dropped the goal, ... It's obviously tougher right now as we have pension and health-care costs right now, for example.

We need fewer people. We need fewer job classes. We need health care cost sharing. And we need pension plans we can afford.

While anecdotal evidence suggests that the number of frozen pension plans has increased since 2003, reports of a mass exodus from the defined-benefit pension system appear to be overstated.

That's very significant to us to have certainty around the pension funding.