Download or read book Pension Scheme Deficits written by Steven Hull and published by Globe Law and Business Limited. This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Featuring practical analysis on a wide range of issues - from traditional methods of addressing a deficit, alternative methods of funding deficit reduction, investment and employment considerations to the Pensions Regulator and the Pension Protection Fund, the emergence of an alternative buyout market and corporate governance - this book will provide you with the only comprehensive guide to dealing with pension scheme deficits in your practice.
Download or read book Pension Plans written by United States. General Accounting Office. Human Resources Division and published by . This book was released on 1987 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Impact of Underfunded Defined benefit Pension Plans on the Federal Deficit Plan Retirees and Plan Sponsors written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight and published by . This book was released on 1993 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book How to Pick Quality Shares written by Phil Oakley and published by Harriman House Limited. This book was released on 2017-05-22 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: How To Pick Quality Shares provides a three-step process for analysing company financial information to find good investments. The three steps boil down to finding quality companies, avoiding dangerous or risky companies, and not paying too much for companies’ shares. Applying the in-depth techniques described here will give investors a better understanding of companies, and an edge over other investors, including professional investors and analysts. Phil Oakley, an experienced investment analyst and private investor, guides the reader step-by-step through these three stages: 1. For the first step, he shows how to identify the kind of high-quality companies that are capable of being profitable investments over the long term. Important themes are how much a company earns on the money it invests, reliable measures of profit and the importance of cash flow. 2. Next, he shows how to spot the dangers and risks that could lead to a company being a bad investment. Here the focus is on how to analyse debt, in particular hidden debt and pension fund deficits. 3. Lastly, he shows how to value a company’s shares and determine what is a reasonable price to pay to invest in that company. Phil shows why some common shortcuts to valuing shares are not very useful and how to use cash profits to value shares more reliably. At each stage, Phil explains where the investor needs to look in company financial statements to get the information they need and how to analyse this information. Illustrative examples of analysis of real company financial statements are used throughout. If you have a company’s latest annual report and its current share price you have all the information you need to be a successful investor. How To Pick Quality Shares shows you how.
Download or read book Impact of Underfunded Defined Benefit Pension Plans on the Federal Deficit Plan Retirees and Plan Sponsors written by U. S. Committee On Ways And Means and published by Forgotten Books. This book was released on 2018-02-15 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Impact of Underfunded Defined-Benefit Pension Plans on the Federal Deficit, Plan Retirees, and Plan Sponsors: Hearing Before the Subcommittee on Oversight of the Committee on Ways and Means, House of Representatives, One Hundred Third Congress, First Session; February 4, 1993; Serial 103-4 These and other problems for participants could be avoided if pension plan sponsors properly funded their pension promises. And yet, nearly 20 years after the passage of the Employee Retirement Income Security Act, some plan sponsors continue to deliberately underfund their defined-benefit plans, putting their employees and taxpayers at economic risk. The Subcommittee will receive testimony from representatives of the pbgc, the Congressional Budget Office (ceo), the gao, and retirees who participated in various failed pension plans which were terminated without sufficient assets. The pbgc will testify on the extent of current financial problems confronting the agency, the effectiveness of its efforts to control its exposure to claims by underfunded pension plans, and its efforts to mitigate the effect of plan underfunding on plan participants. The ceo will testify concerning the extent of the losses experienced by the pbgc and the inability of the agency to measure, control, and offset these losses, and other budget matters. The gao will testify on its recently released reports indicating that underfunded defined-benefit pension plans have significant hidden liabilities which increase claims against the Federal pension insurance program, and identifying the pbgc as one of 17 high risk Federal program areas in which corrective action is essential to the safeguarding of scarce Federal resources. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Download or read book Pension Fund Deficits written by Kathryn Bush and published by . This book was released on 2004 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Growing Pension Deficits and the Expenditure Decisions of UK Companies written by Philip Bunn and published by . This book was released on 2018 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: Large deficits have opened up on defined benefit pension schemes in the United Kingdom since 2007, and at the same time investment expenditure has been subdued; this is a common phenomenon in other countries too. We use privileged access to a unique new data set from The Pensions Regulator and two identification schemes to investigate the effects of deficits and deficit recovery plans on UK companies' dividends, investment, wages and cash holdings. Identification is based on the close relationship between low long-term interest rates and pension deficits; and the external regulation of pension schemes by The Pensions Regulator. We show that firms with larger pension deficits voluntarily pay lower dividends, but they do not invest less. However, firms that are required to make deficit recovery contributions by the regulator have lower dividend and investment expenditure compared to other firms, and more so if they are financially constrained. These effects are large for some individual companies, but macroeconomically small compared to the stimulus offered by the Bank of England's quantitative easing policy.
Download or read book Impact of Underfunded Defined Benefit Pension Plans on the Federal Deficit Plan Retirees and Plan Sponsors written by United States Congress House Committe and published by Palala Press. This book was released on 2018-03-02 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Download or read book Pension Reform and the Fiscal Policy Stance written by Philip R. Gerson and published by International Monetary Fund. This book was released on 2001-12 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: The increased budget deficit caused by the privatization of a public pension plan does not imply a relaxation of the stance of fiscal policy. The reform's impact on the fiscal stance and national saving depends primarily on its effect on the sum of explicit and implicit public debt and on the post-reform payroll tax and private system contribution rates. However, the precise impact of reform also depends on such influences as the relationship between the rates of interest on implicit and explicit public debt. There may be circumstances in which pension privatization, if not offset by fiscal consolidation, will loosen the fiscal stance.
Download or read book Pension Fund Risk Management written by Marco Micocci and published by CRC Press. This book was released on 2010-01-25 with total page 766 pages. Available in PDF, EPUB and Kindle. Book excerpt: As pension fund systems decrease and dependency ratios increase, risk management is becoming more complex in public and private pension plans. Pension Fund Risk Management: Financial and Actuarial Modeling sheds new light on the current state of pension fund risk management and provides new technical tools for addressing pension risk from an integr
Download or read book Aging Populations and Public Pension Schemes written by Sheetal K. Chand and published by International Monetary Fund. This book was released on 1996-12-30 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses a study analyzing aging populations and public pension schemes. An aging society is characterized by a growing proportion of the retired to the active working population. The study examines the pension-related aging problem primarily from a fiscal perspective. It analyzes how prospective demographic developments that affect the proportion of the pensionable elderly affect pension outlays. It confirms that very serious fiscal stresses are in prospect for most industrial economies. Addressing such problems satisfactorily will require major actions early, given the long lead times involved in reforming a pension fund's financial position.
Download or read book Pension Plans written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-06 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pursuant to a congressional request, GAO assessed the: (1) causes of large claims against the Pension Benefit Guaranty Corporation's (PBGC) insurance program; and (2) potential effects of the Single Employer Pension Plan Amendments Act (SEPPAA). GAO found that: (1) 90 percent of the $501 million in claims against PBGC from 1983 through 1985 resulted from 23 employers terminating 33 pension plans; (2) even if those employers had made all of the required contributions to their plans, the 33 plans would still have been underfunded by $317 million; (3) benefit increases before termination contributed to underfunding of 27 of the 33 plans; (4) the 23 employers made only about half of the required contributions in the 5 years before they terminated their plans; and (5) the Internal Revenue Service (IRS) waived about 23 percent of the unpaid contributions. GAO also found that: (1) SEPPAA prevented claims from plans terminated by firms that were not financially distressed, but financially distressed employers accounted for 96 percent of the claims from 1983 through 1985; (2) SEPPAA increased employers' liability to PBGC to 75 percent of unfunded pension benefits; (3) PBGC claims against employers in bankruptcy proceedings have a low priority; (4) SEPPAA increased the annual premium rate more than 300 percent, but the rate increase will not generate enough revenue to offset the growing PBGC deficit; (5) the PBGC deficit tripled in 1986, primarily because of large claims from one bankrupt employer's terminated plans; and (6) the annual drain on PBGC assets could render the program insolvent by 2002.
Download or read book Who Should Own a Pension Surplus Employer or Employees An Assessment of Arguments About Asymmetry of Risks and Rewards and Deferred Wages in Pension Plans written by James A. Wooten and published by . This book was released on 2014 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: If a defined-benefit (DB) pension plan has more assets than liabilities, who should own the quot;surplusquot; assets that are not needed to meet the plan's benefit obligations? This report, prepared for the Ontario Expert Commission on Pensions, assesses two leading arguments about ownership of pension surpluses - the asymmetry argument and the deferred-wage argument. The asymmetry argument holds that the party with the burden of funding pension deficits should get the benefit of pension surpluses. Employers claim that Ontario law is quot;asymmetricquot; because employers must fund pension deficits while employees get some or all of the benefit when a plan terminates with a surplus. This asymmetry, employers contend, undermines the incentive to maintain and properly fund DB plans. The report analyzes the burdens and benefits of pension funding under Ontario law and whether quot;asymmetryquot; threatens DB plans. While the pension funding rules do appear to create asymmetric benefits and burdens, a more fundamental problem may be that Ontario law creates a zero-sum conflict between employers, who get the benefit of a surplus in an ongoing plan, and employees, who get the benefit of a surplus when a plan terminates. This conflict threatens to undermine the trust that is necessary for DB plans to operate. The deferred-wage argument holds that employer contributions to a pension plan are deferred wages. Because employees own the funds contributed to their pension plan, unions and other advocates for employees contend that employees should own any pension surplus derived from these funds. The report raises several questions about the premises and reasoning of the deferred-wage argument.
Download or read book Private Pensions Series Protecting Pensions Policy Analysis and Examples from OECD Countries written by OECD and published by OECD Publishing. This book was released on 2007-11-07 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Looks at various methods of protecting pension benefits. It provides in-depth information on the application of these methods in OECD countries and analyses their advantages and drawbacks.
Download or read book Fiscal Alternatives of Moving from Unfunded to Funded Pensions written by Robert Holzmann and published by . This book was released on 1997 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book President s Proposal for Single employer Pension Funding Reform written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Select Revenue Measures and published by . This book was released on 2005 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Pension Plans at Risk written by Dennis E. Logue and published by . This book was released on 1985 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
