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Objective of Superannuation
Objective of Superannuation

... A fully funded system, as opposed to an unfunded system, is important for sustainability and stability. The system is designed to be predominantly funded by savings from working life income and investment earnings, where superannuation fund members in general have claims on all assets in the fund. ...
Objective of Superannuation - Discussion Paper
Objective of Superannuation - Discussion Paper

... A fully funded system, as opposed to an unfunded system, is important for sustainability and stability. The system is designed to be predominantly funded by savings from working life income and investment earnings, where superannuation fund members in general have claims on all assets in the fund. ...
for the western district of virginia
for the western district of virginia

... ____ K. Statement of Financial Affairs: ___________________________________________________ ____ L. Attorney Disclosure Statement: ___________________________________________________ ____ M. Form 21 (Soc. Sec. #): _________________________________________________________ ____ N. Petition: __________ ...
SRC review guide for general-purpose governments
SRC review guide for general-purpose governments

... The fair value of effective hedges that are in a gain position (i.e., the cumulative amount of the fair value changes of the effective hedge is a credit) [GASB-S53:20] In a service concession arrangement (SCA) the amount a transferor reports for the difference between the fair value of a new facilit ...


... turnaround would be much more difficult because “guarantee” language would have been put into the law. It would be especially difficult to renege on a guarantee if citizens had made an explicit choice to opt into one benefit package in preference to another because of the guarantee. Suppose Congress ...
The Re-emergence of Collective Investment Trust Funds | Manning
The Re-emergence of Collective Investment Trust Funds | Manning

... company stock. To date, mutual funds have captured the majority of the assets but market data indicates that the demand and usage of CITs has notably increased. The increase in demand for CITs can be attributed to multiple factors. First, since defined contribution plans have become the primary empl ...
RULE 424(B)(3) FILE NO. 333-32099 WELLS REAL ESTATE
RULE 424(B)(3) FILE NO. 333-32099 WELLS REAL ESTATE

... The information contained on page 15 in the "INVESTOR SUITABILITY STANDARDS" section of the Prospectus, as amended in Supplement No. 1 to the Prospectus, is revised and amended as of the date of this Supplement by the deletion of the fourth full paragraph of that section and the insertion of the fol ...
Reversal and Reduction, Resolution and Reform
Reversal and Reduction, Resolution and Reform

... Figure  3.5  Implicit  and  Explicit  Debt  Liabilities  as  a  Share  of  GDP  in  European  Countries,  2006     and  2011  ....................................................................................................................................... ...
Financial Analysts Journal : Determinants of Portfolio Performance
Financial Analysts Journal : Determinants of Portfolio Performance

... weights may not be known in advance; this accounts for those who wish to use portfolio insurance techniques. In our view, these techniquesare more ones of active asset allocation (market timing) than investment policy. We view investment policy as having an indefinite time horizon, as opposed to a s ...
DOL Fact Sheet on Final Fiduciary Rule
DOL Fact Sheet on Final Fiduciary Rule

... Conflicts of Interest in Retirement Advice Cost Savers Billions of Dollars Since Congress enacted the Employee Retirement Income Security Act (ERISA) in 1974, there has been a dramatic shift from employer-sponsored defined benefit plans to self-directed IRAs and 401(k)s. These changes have increased ...
RetireOneTM Transamerica II Eligible Strategies
RetireOneTM Transamerica II Eligible Strategies

... representative can help you determine whether this annuity may be appropriate for you. IMPORTANT INFORMATION ABOUT RETIREONE TRANSAMERICA II The RetireOne Transamerica II Contingent Deferred Annuity requires an investor’s holdings to remain fully invested in certain specific investments (“eligible a ...
Transfer/Rollover/Exchange Form Instructions
Transfer/Rollover/Exchange Form Instructions

... Account or Contract Number: This number is available on your Previous Investment Provider account statement. If you are unable to locate this number on your statement, please contact the Investment Provider. If you do not provide an account or contract number, we will use your Social Security number ...
The Graduate Backpack
The Graduate Backpack

... ⧁ Sick leave ⧁ Generally, most companies offer 30 days SL in a 3 year cycle. ⧁ Income care benefits (total) ⧁ There is no real definition of total disability. ⧁ This total is usually assessed in the following manner: 1. Medical condition 2. Occupation/Job description (regular or suited) ⧁ Does the m ...
Retained Earnings of Mutual Funds
Retained Earnings of Mutual Funds

... “interest received by mutual funds … from the investments they have made, and which is assigned to shareholders, even if it is capitalised. It excludes holding gains and losses …” (emphasis added) Paragraph 4.54 b) states that, included under “dividends”, are “dividends received by mutual funds .. f ...
Pension plan funding, risk sharing and technology choice
Pension plan funding, risk sharing and technology choice

... the plan sponsor issues risky debt, then in the event of default, if the pension plan is not fully funded (or insured), this shortfall risk is borne by the plan members. We show that when capital market constraints on workers are binding, leveraging the risky technology, even with risky debt, raise ...
NBER WORKING PAPER SERIES RISK SHIFTING VERSUS RISK MANAGEMENT:
NBER WORKING PAPER SERIES RISK SHIFTING VERSUS RISK MANAGEMENT:

... would be predicted by Froot, Scharfstein and Stein (1993)). For example, there is zero within-year correlation between the return on pension assets and the return on operating assets within this sample. A related investigation estimates probabilities of a PBGC bankruptcy termination or a corporate ...
Challenger - Submission to the Financial System Inquiry. Issues set
Challenger - Submission to the Financial System Inquiry. Issues set

... services. While Australian retirees have a rate of home ownership of 85%, higher than the OECD34 average of 76%, a high proportion of these homeowner retirees had mortgages on their homes. Moreover, evidence from Australian Housing and Urban Research Institute (AHURI) indicates that the burden of mo ...
Wealth Inequality - Joseph Rowntree Foundation
Wealth Inequality - Joseph Rowntree Foundation

... Pensioner couples had the highest levels of wealth of all lifecycle groups, followed by middle-aged couples without dependent children. Young single people (under the age of 35) and lone parents had very little wealth. Four factors were found to affect wealth accumulation. The most important was abi ...
FAQs ON INVESTMENT REGULATIONS
FAQs ON INVESTMENT REGULATIONS

... funds to which the policy proceeds are linked. Where a policy is invested in unit trusts or a fund of funds, it is the ultimate assets and not the trusts that will determine the scheme’s compliance with the regulations. So long as the assets that underly these funds comply with the diversification a ...
One year later: How much have consumer attitudes
One year later: How much have consumer attitudes

... Once burned by market volatility and blind faith in the rising value of their assets, people are determined to not be burned again. ...
CIT Investment Discl..
CIT Investment Discl..

... invests in equities, the principal risk is stock market risk, that is, the risk that the price of the stocks in which the Fund invests may fluctuate or fall in response to economic events or trends. The prices of bonds in which a Fund may invest may fall because of a rise in interest rates. Investme ...
Untitled - Institut für Volkswirtschaftslehre und Finanzwissenschaft I
Untitled - Institut für Volkswirtschaftslehre und Finanzwissenschaft I

... period as e.g. saving accounts, private pension insurance, cash value life insurance, stocks, real estate etc. The reason for saving can however not always be clearly distinguished. As this article puts special emphasis on saving for retirement, only vehicles which are directly linked to retirement ...
Implications of Behavioural Economics for Mandatory
Implications of Behavioural Economics for Mandatory

... Sweden), have introduced mandatory funded pension plans where individuals bear investment risk during the accumulation phase and can opt for different types of income streams at retirement (primarily annuities or programmed withdrawals).2 Such plans are even more popular outside the OECD area. In La ...
Section 35.1 The Business Plan
Section 35.1 The Business Plan

... Disposable income is the personal income remaining from wages after all taxes are taken out. Disposable income is also known as “buying income” because this is the money consumers have to spend on the products and services offered by businesses. ...
study of retirement plan designs for the state of colorado office of the
study of retirement plan designs for the state of colorado office of the

... This study was conducted by Buck Consultants under contract to the State Auditor in accordance with Senate Bill 01-149, enacted by the General Assembly in 2001. The bill authorized the State Auditor to: “conduct a comprehensive study of defined benefit and defined contribution retirement plan design ...
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Pension

A pension is a fixed sum to be paid regularly to a person, typically following retirement from service. There are many different types of pensions, including defined benefit plans, defined contribution plans, as well as several others. Pensions should not be confused with severance pay; the former is paid in regular installments, while the latter is paid in one lump sum.The terms retirement plan and superannuation tend to refer to a pension granted upon retirement of the individual. Retirement plans may be set up by employers, insurance companies, the government or other institutions such as employer associations or trade unions. Called retirement plans in the United States, they are commonly known as pension schemes in the United Kingdom and Ireland and superannuation plans (or super) in Australia and New Zealand. Retirement pensions are typically in the form of a guaranteed life annuity, thus insuring against the risk of longevity.A pension created by an employer for the benefit of an employee is commonly referred to as an occupational or employer pension. Labor unions, the government, or other organizations may also fund pensions. Occupational pensions are a form of deferred compensation, usually advantageous to employee and employer for tax reasons. Many pensions also contain an additional insurance aspect, since they often will pay benefits to survivors or disabled beneficiaries. Other vehicles (certain lottery payouts, for example, or an annuity) may provide a similar stream of payments.The common use of the term pension is to describe the payments a person receives upon retirement, usually under pre-determined legal or contractual terms. A recipient of a retirement pension is known as a pensioner or retiree.
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