This website uses cookies to ensure you have the best experience. Learn more

Pension Article Review

1069 words - 5 pages

This article when you read the title it makes it seem like there is a real problem with people’s pension, but that’s not the case. The title for the article is very misleading. According to the article State pension programs were funded up to 78%. Public pension is not in a state of turmoil. It is actually doing really well compared to some other publicly funded programs. Issues that had recently arose in places like New Jersey or Illinois, these places were giving the pension program a bad name for a while because their state was having an issue with public pensions. But truthfully the majority of programs like the pension program are no were near being in trouble.
As our country is going ...view middle of the document...

Today a lot more states are being aware and proactive when it comes to their pension plans. Currently even states that have funding issues are trying to be proactive to get on the correct path by trying to raise their capital and they do this by increasing contributions. Even though some state pension programs have issues, they are not about to collapse like some people think. In recent years the liability of state pension plans have grown and this puts more pressure on the state and local budget deficit.
This article is current for this time because we are still trying to come out of a recession and anything that has to do with state financial issues is a big issue today. Each states pension program fund is growing every day, but in order to have the funds that the pension program has promised their state workers, the pension fund needs to grow a lot faster. Even companies that are underfunded and they have traditional pensions are usually quite successful. When it comes to companies with lower-cost upstarts and do not have traditional pension plans, they tend to often find their pension plans in trouble. State pension plans may not be in too much trouble right now, but in the future with our declining state financial status, it is possible for more problems to arise with state funded pensions.
This article relates to what we are talking about in class this week because the article is all about state funded pension programs and the chapter we went over this week is about employer sponsored retirement plans. The basic purpose for the chapter that we read this week is to go over the fundamentals of company sponsored pension programs. There are three configurations that companies use to establish their retirement and/or pension plans. The three designs are: defined contribution plans, defined benefit plans and/or a hybrid plan that has features that are combined of the first two plans. It’s also important for companies to know that if offering a pension plan to their employees, they can receive...

Other Papers Like Pension Article Review

Company Policy Essay

5004 words - 21 pages each year. Reviews do not automatically result in salary increase and we reserve the right to change the salary review date and the date in which any change in salary comes to effect, we should also note that is not by right of been a staff rather is appraisal . Please note: should you leave the company, your bank transfer details will be cancelled and you will be paid any remaining salary owed to you on the 28th day of the month or

Bernie Madoff Case Study

4814 words - 20 pages new investors anxious to take advantage of these robust returns because he appeared to create an image of power, trust, and responsibility. In July of 1920, the Boston Post ran an article exposing the scheme and soon after, regulators raided his offices and charging him with mail fraud knowing that his fabricated investment reports were mailed to his clients. The foundational operating principle of a Ponzi scheme is that you must constantly

Sma Micro Electronic

1293 words - 6 pages morale along with company profitability. References Beers, M., & Tushman, M. (2013, June 13). SMA: Micro-Electronic Products Division (A). Harvard Business Review, pp. 1-18. Deustch, Claudia H. (2004, November 3). Low Morale Afflicts US Airways Workers / Concessions Keep Them Flying But Unhappy. New York Times. Retrieved from http://www.sfgate.com/business/article/Low-morale-afflicts-US-Airways-workers-2637688.php Ghosh, Palash. (2011, September 22). Hewlett-Packard: A Crisis in Leadership and Strategy. International Business Times. Retrieved from http://www.ibtimes.com/hewlett-packard-crisis-leadership-strategy-211590

Lehman Brothers Mortgage Crisis

4012 words - 17 pages mortgages offered mortgage loans like interest only mortgages, adjustable rate mortgages and mortgages that offer that payment period can be further extended and NINJA loans. (Steil, 2009) As prices of the underlying property began to descend, they came to know they could not in the position to sell the houses too. Defaults on mortgage loans augmented; the problem surged, and numerous mortgage lenders filed bankruptcy. Investors like pension funds

Monetary Policy

2361 words - 10 pages securities.Therefore, it is independent of Congressional decisions about appropriations. How is the Fed “independent within the government”? Even though the Fed is independent of Congressional appropriations and administrative control, it is ultimately accountable to Congress and comes under government audit and review. Fed officials report regularly to the Congress on monetary policy, regulatory policy, and a variety of other issues, and they

Legal 500

1762 words - 8 pages affect the individual, group or organization may have. PharmaCARE has several stakeholders based on the scenario. The PharmaCARE stakeholders are: * Customers * PharmaCARE CEO * Government agencies * Sponsors * Colberians * Shareholders * PharmaCARE executives Human Rights Issues Presented by PharmaCARE PharmaCARE treatment of Colberia indigenous population raises several human rights violations. Article 5 of UDHR

Talent Planning

1532 words - 7 pages Resourcing Talent RTO assessment Activity 1 – People Management magazine article Name: || Group: | 2016 Spring Level 3 HRP CIPD Member No: | | Date: | 2 May 2016 | Word count: | | Introduction Talent planning is a part of Human Resources processes that “ensures the organisation is able to identify and attract key people with the capability to create competitive advantage and that it actively manages an appropriate

European Court Abolishes Sexual Discrimination in Insurance Pricing

2349 words - 10 pages a claim being made against the policy and the cost of that claim 2- Risk solidarity within risk pools: risk is shared between individuals within risk pools, and the premiums of the many pay for the losses of the few. Gender is not used as a differentiator factor across all insurance markets. Rather, it is used in the provision of only those insurance products that cover risks, which differ by gender, for example: accident risk, pension

The Right to Exist in a Relationship with More Than Two Individuals in Western Society

1678 words - 7 pages that define marriage. Relationships are consistent with the laws of what specific religion or the laws of which land. Which law is the legitimate one to defining relationships? In an article that was posted in The Star newspaper quoted an Islamic priest who openly performs polygamy marriages within Toronto, Ontario states "If the laws of the country conflict with Islamic law, if one goes against the other, then I am going to follow Islamic law

Lwc1

5733 words - 23 pages honored.  | How Contracts Are Governed  | When you enter into contracts, either for business or personal reasons, it's important to know whether they fall under Common Law or Article 2 of the Uniform Commercial Code (UCC). There are differences between Common Law and Article 2 of the UCC and how they govern different types of transactions, but both have the same goals: to protect the parties of an agreement, to encourage fair dealings, and to

Criminal Justice

1965 words - 8 pages their benefits through the local municipality for which they work for. As stated before about judges salaries, their benefits package is also paid by the American people through taxes. In local government Judge Stoney receives his benefits through the city of West Valley, which receives its money from the respective citizens of that city. ! Judge Stoney as well as most judges also receive a pension plan, an expense account for certain items

Related Essays

Article Review Pension Plans

768 words - 4 pages Article Review: Pension Plans Benefits HRM 599 Devry University’s Keller Graduate School of Management October 7, 2013 Professor Brian Nisbet Yolanda M. Green Pension Plans The article entitled “Pension Plans” was written by Al Thomas, with means of informing workers of the different types of retirement plans that should be accessible by their employer. The article was also written to

Hungary Economic Crisis Essay

1686 words - 7 pages Governance 5 Monetary Policy and Central Bank Independence 5 The Media Law 5 Loophole Legislating 5 Statement of Key Problems 5 Hungary had two major problems, namely: 5 Political Climate 6 A Shift to the Right 6 Governance and Legislation 6 Economic Climate 7 Monetary Policy and Central Bank Independency 7 Crisis taxes, renationalisation of pension, and borrowing 7 Generation and

Bargaining Essay

3003 words - 13 pages and the % increase to payroll 11 Article 14, 4 – Pension Plan, dollars & cents per hour and the % increase to payroll 12 Article 15 – Total Protection Benefits Costs, dollars & cents per hour and the % increase to payroll 13 Article 16 – Total Working Conditions benefits Costs, dollars & cents per hour and the % increase to payroll 14 Cost of Total Settlement 15 Article 2.02: Recognition- Union Security Initial Position

Motivation Essay

1673 words - 7 pages incentive program was new for them. Being pension actuaries themselves, they already had a good understanding of how to develop appropriate pension plans based on employee and employer needs. But, they have very little knowledge of how to design the best incentive program, one that will produce optimum employee performance and make their new company competitive and profitable. David and Pam heard the term total quality management (TQM) which