COLLEGE SAVINGS PLANS NETWORK DISCLOSURE
... 1 For registered mutual funds, in the absence of a change that would materially affect the information, based on most recent fiscal year reported upon in the applicable fund’s most recent prospectus, and for investment options invested in multiple registered mutual funds, based on a weighted average ...
... 1 For registered mutual funds, in the absence of a change that would materially affect the information, based on most recent fiscal year reported upon in the applicable fund’s most recent prospectus, and for investment options invested in multiple registered mutual funds, based on a weighted average ...
Chapter 28 Investment Policy and the Framework of the CFA Institute
... 11. Workers who change jobs may wind up with lower pension benefits at retirement than otherwise identical workers who stay with the same employer, even if the employers have defined benefit plans with the same final-pay benefit formula. This is referred to as A. an accumulated benefit obligation. B ...
... 11. Workers who change jobs may wind up with lower pension benefits at retirement than otherwise identical workers who stay with the same employer, even if the employers have defined benefit plans with the same final-pay benefit formula. This is referred to as A. an accumulated benefit obligation. B ...
Filed Pursuant to Rule 424(b)(3) Registration No. 333
... This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by words or phrases such as “may,” “will,” “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “pr ...
... This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by words or phrases such as “may,” “will,” “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “pr ...
Public Sector Pensions - Institute of Economic Affairs
... Pension provision is changing – not only in the UK but across a developed world accustomed to good provision for income in old age. The principal reason for change is that populations in all advanced economies are living longer than their parents or grandparents could have dreamed when they set up p ...
... Pension provision is changing – not only in the UK but across a developed world accustomed to good provision for income in old age. The principal reason for change is that populations in all advanced economies are living longer than their parents or grandparents could have dreamed when they set up p ...
original article in English
... More than a decade has passed since the implementation of the defined-contribution pension scheme at the Mexican Social Security Institute (the IMSS, for its Spanish initials). This scheme radically transformed the institutional design of retirement arrangements in Mexico, since for the first time i ...
... More than a decade has passed since the implementation of the defined-contribution pension scheme at the Mexican Social Security Institute (the IMSS, for its Spanish initials). This scheme radically transformed the institutional design of retirement arrangements in Mexico, since for the first time i ...
Asset Allocation by Institutional Investors after the Recent Financial
... Most of this increase was concentrated in instruments with one- to 10-year maturities. During the year, state and local government retirement funds increased their ownership of these securities by 19.2%, commensurate with the increase in supply. However, the rise in ownership by defined benefit corp ...
... Most of this increase was concentrated in instruments with one- to 10-year maturities. During the year, state and local government retirement funds increased their ownership of these securities by 19.2%, commensurate with the increase in supply. However, the rise in ownership by defined benefit corp ...
Reflections on Recent Target Date Glide-Path
... Target date portfolios are popular default investment options within defined contribution plans. These products may be thought of as diversified investment strategies prepackaged together with a plan for adjusting the investor’s exposure to risk over time. This packaging is beneficial because many i ...
... Target date portfolios are popular default investment options within defined contribution plans. These products may be thought of as diversified investment strategies prepackaged together with a plan for adjusting the investor’s exposure to risk over time. This packaging is beneficial because many i ...
Risk analysis of the proxy life-cycle investments in the second pillar
... of the portfolio between different asset classes is made unambiguously for a defined risk aversion of an investor, as it is defined with a set of parameters such as the expected returns, risks and correlation between different asset classes, riskfree interest rate, in addition to being time-independ ...
... of the portfolio between different asset classes is made unambiguously for a defined risk aversion of an investor, as it is defined with a set of parameters such as the expected returns, risks and correlation between different asset classes, riskfree interest rate, in addition to being time-independ ...
Economic Volatility
... For example, in the past 30 years about 36 million workers have lost the lifetime guarantee of a defined-benefit (DB) pension. They were thrown into a do-it-yourself retirement savings scheme such as a 401(k)-type definedcontribution (DC) plan. Similarly, in the public sector—the last frontier for t ...
... For example, in the past 30 years about 36 million workers have lost the lifetime guarantee of a defined-benefit (DB) pension. They were thrown into a do-it-yourself retirement savings scheme such as a 401(k)-type definedcontribution (DC) plan. Similarly, in the public sector—the last frontier for t ...
A Long-run Macroeconomic Model of the Austrian Economy
... inputs. It is well known that a constant return to scale production technology under Harrod-neutral technical progress is one of the few specifications consistent with Kaldor’s facts. We therefore assume a Cobb-Douglas production function with exogenous Harrod-neutral technical progress. Factor dema ...
... inputs. It is well known that a constant return to scale production technology under Harrod-neutral technical progress is one of the few specifications consistent with Kaldor’s facts. We therefore assume a Cobb-Douglas production function with exogenous Harrod-neutral technical progress. Factor dema ...
2.1 Funding Objectives – Ongoing Plan
... individual, employed by their investment consultants, JLT Employee Benefits, a trading name of JLT Benefit Solutions Limited, (“JLT”), whom they believe to have a degree of knowledge and experience that is appropriate for the management of their investments. The Committee will review the Statement f ...
... individual, employed by their investment consultants, JLT Employee Benefits, a trading name of JLT Benefit Solutions Limited, (“JLT”), whom they believe to have a degree of knowledge and experience that is appropriate for the management of their investments. The Committee will review the Statement f ...
report on audit of the financial statements june 30, 2014
... The accompanying supplementary information (Schedules 6 through 11) is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedu ...
... The accompanying supplementary information (Schedules 6 through 11) is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedu ...
Leadership, collective decision-making, and pension fund
... In this paper, we propose a framework with which to better understand collective decision-making in pension funds. In pension funds, trustees are separately and together subject, by common law and statute, to the doctrine of fiduciary duty. Likewise, corporate boards of directors, governors of publi ...
... In this paper, we propose a framework with which to better understand collective decision-making in pension funds. In pension funds, trustees are separately and together subject, by common law and statute, to the doctrine of fiduciary duty. Likewise, corporate boards of directors, governors of publi ...
Submission to Committee for Social Development
... 2012 noted a rise in pensioner poverty in contrast to a fall in Great Britain. A significant contributory factor was the far less reliance on occupational pensions in Northern Ireland. Some claimants are likely to have modest savings yet low income. As a result, consideration should be given to an a ...
... 2012 noted a rise in pensioner poverty in contrast to a fall in Great Britain. A significant contributory factor was the far less reliance on occupational pensions in Northern Ireland. Some claimants are likely to have modest savings yet low income. As a result, consideration should be given to an a ...
Investor Scale and Performance in Private Equity Investments
... specific externally managed holdings.” For example, CEM directs respondents in the following way: “the costs of a trading system used by both internal domestic stock and fixed income managers should be allocated to both internal domestic stock and fixed income investment cost based on an estimate of ...
... specific externally managed holdings.” For example, CEM directs respondents in the following way: “the costs of a trading system used by both internal domestic stock and fixed income managers should be allocated to both internal domestic stock and fixed income investment cost based on an estimate of ...
2009 Annual Report: Employees` Retirement Program
... the assets in trust for the sole benefit of the participants and their beneficiaries. In 2009 there were 926 contributing (active) and 85 non-contributing (inactive) participants. 83% of all eligible Denver Water employees participated in the SRSP Plan as of December 31, 2009. Denver Water establish ...
... the assets in trust for the sole benefit of the participants and their beneficiaries. In 2009 there were 926 contributing (active) and 85 non-contributing (inactive) participants. 83% of all eligible Denver Water employees participated in the SRSP Plan as of December 31, 2009. Denver Water establish ...
IFRS - World Bank Group
... Provisions: Income and Expenses • Adjustments to carrying • Income and expenses amount of related assets – initial estimate of provisions for decommissioning costs – change in estimate of provisions for decommissioning costs – change in discount rate used to measure provisions for decommissioning c ...
... Provisions: Income and Expenses • Adjustments to carrying • Income and expenses amount of related assets – initial estimate of provisions for decommissioning costs – change in estimate of provisions for decommissioning costs – change in discount rate used to measure provisions for decommissioning c ...
old age income support - CeRP – Center For Research on
... voluntary retirement savings—has been extended to include two additional pillars: (d) a basic (zero) pillar to deal more explicitly with the poverty objective and (e) a nonfinancial (fourth) pillar to include the broader context of social policy, such as family support, access to health care, and ho ...
... voluntary retirement savings—has been extended to include two additional pillars: (d) a basic (zero) pillar to deal more explicitly with the poverty objective and (e) a nonfinancial (fourth) pillar to include the broader context of social policy, such as family support, access to health care, and ho ...
Does pension funds` fiduciary duty prohibit the integration of
... duties of institutional investors implicitly emphasize maximizing financial returns (KPMG, 2005, ...
... duties of institutional investors implicitly emphasize maximizing financial returns (KPMG, 2005, ...
2016 Wells Fargo millennial study
... income of $27,900. However, nearly four in ten (37%) are putting away more than 5% and 7% are putting more than 10%. Some are on track to reach $1 million and might not even know it. ...
... income of $27,900. However, nearly four in ten (37%) are putting away more than 5% and 7% are putting more than 10%. Some are on track to reach $1 million and might not even know it. ...
CanWel Building Materials Group Ltd. Consolidated Financial
... For defined benefit pension plans and other post-retirement benefits, the net periodic pension expense is actuarially determined on an annual basis by independent actuaries using the projected unit credit method. The determination of benefit expense requires assumptions such as the discount rate to ...
... For defined benefit pension plans and other post-retirement benefits, the net periodic pension expense is actuarially determined on an annual basis by independent actuaries using the projected unit credit method. The determination of benefit expense requires assumptions such as the discount rate to ...
Section 1 - Practising Law Institute
... benefits costs applicable across the entire VEBA population (e.g., to pay benefit claims, off-set basic premium costs or fund a stop loss policy). Contributions are subject to the deduction limits imposed by § 419 and § 419A of the Code on the prefunding welfare benefits. Under these limits the annu ...
... benefits costs applicable across the entire VEBA population (e.g., to pay benefit claims, off-set basic premium costs or fund a stop loss policy). Contributions are subject to the deduction limits imposed by § 419 and § 419A of the Code on the prefunding welfare benefits. Under these limits the annu ...
Aims and purpose of the Fund
... solvency level over a reasonable time period and then maintain sufficient assets in order for it to pay all benefits arising as they fall due. This objective will be considered on an employer specific level where appropriate. The general principle adopted by the Fund is that the assumptions used, ta ...
... solvency level over a reasonable time period and then maintain sufficient assets in order for it to pay all benefits arising as they fall due. This objective will be considered on an employer specific level where appropriate. The general principle adopted by the Fund is that the assumptions used, ta ...
Are Pension Funds too Important to Fail?
... of failing is that a pension fund has to reduce pension entitlements and rights. There are two types of failure. The first type is a single pension fund failing, this is called an idiosyncratic failure. The second type is multiple pension funds failing simultaneously and this can be considered as a ...
... of failing is that a pension fund has to reduce pension entitlements and rights. There are two types of failure. The first type is a single pension fund failing, this is called an idiosyncratic failure. The second type is multiple pension funds failing simultaneously and this can be considered as a ...
