Hints and tips:
...The tax cuts will be worth an average of £350 for a self-employed person earning £28,200 a year. There were also cuts in NICs for employees....
...Rather than falling as predicted, real incomes have risen. Our plan for the British economy is working. But the work is not done. Under this Prime Minister we take decisions for the long term....
...One test will be what the Pennsylvania Public School Employees’ Retirement System, a big US public pension fund, decides....
...Double whammy for defined benefit schemes The crisis is also exacerbating funding challenges for traditional defined benefit retirement plans, which promise to pay a secure, indexed retirement income to...
...structural hedge income which is around 10% of profits for the UK banks....
...for more flexible plans....
...The UK Pension Protection Fund, the lifeboat scheme for failed company direct benefit retirement plans, can play a critical role in the CVA in its role as creditor....
...Consider definedcontribution retirement plans like 401(k)s....
...A new law in Vermont gives employees the right to request flexible work for any reason....
...These are companies, many of them household names, with traditional “final salary” pension plans, where the employer is on the hook for paying the retirement income of members for as long as they live....
...Plan Investment Board....
...In the end, neither BC Partners nor the Ontario Municipal Employees Retirement System (Omers) won the auction. But the bid whetted the Canadians’ appetite....
...Meanwhile energy and retail-focused GS Group has announced a similar plan for about 2,500 non-regular employees....
...The top marginal rate for ordinary income now stands at 35 per cent....
...The Treasury said the 2012/13 allowance change will reduce the tax paid by 25m people by an average of £48, and take 260,000 more low-income individuals out of the tax net altogether....
...Because they link a worker’s retirement income to the size of their final salary, defined benefit pension schemes have become a burden for many employers in the UK....
...Even the Church of England has paid a price for its faith in the failed venture....
...But in GM’s Chapter 11 restructuring, agreed with the United Auto Workers Union and the government, its two pension plans – for hourly workers and salaried employees – have not been terminated....
...Those who do make it to partner are expected to behave more like owners than employees – for example, not selling their Goldman shares until retirement....
...FedEx will also eliminate merit-based increases for US salaried employees in 2009 and suspend matching contributions to 401(k) retirement accounts for a year....
...Fixed income, which typically accounts for a quarter of a pension fund, remained largely flat. Those funds that had big investments in commodities did slightly better, as their commodities paid off....
...Eighteen class action complaints for violations of the Employee Retirement Income Security Act (ERISA) in California: The complaints principally contend that it was not prudent for the Company to permit...
...Justice Stephen Breyer said that the Employee Retirement Income Security Act of 1974 demanded higher standards of insurers, requiring them to process claims “solely in the interests of the [plan’s] participants...
...Essentially, IBM is reducing its expenses by dropping its pension plan and shifting all of the retirement-income risk to its employees....
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