BNET Industries
Last Fiscal Year Sales:$3.0B
- Private
- US
Dow Jones Description
At the University of Pennsylvania, you'll find a historic, Ivy League school with highly selective admissions and a history of innovation in interdisciplinary education and scholarship. You'll also find a picturesque campus amidst a dynamic city and a world-class research institution. Today Penn is home to a diverse undergraduate student body of nearly 10,000, hailing from every state in the union and all around the globe. Admissions are among the most selective in the country and Penn consistently ranks among the top 10 universities in the annual U.S. News & World Report survey. Another 10,000 students are enrolled in Penn's 12 graduate and professional schools, which are national leaders in their fields. The Wharton School is consistently one of the nation's top three business schools. The School of Nursing is one of the two best in the U.S. The School of Arts and Sciences, Graduate School of Education, Law School, School of Medicine, School of Veterinary Medicine, and Annenberg School for Communication all rank among the top 10 schools in their fields.
Number of Employees 20,000
NAICS Code Colleges, Universities, and Professional Schools: 611310
Recent Events
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University of Pennsylvania president Gutmann to chair Obama’s bioethics commission
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Vendor Notebook - Siemens Healthcare to provide Penn with integrated service management
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CSC Renews its Contract with the University of Pennsylvania through 2012
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Remembering Marie Little
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Debate surrounds new prostate-cancer treatment
News & Analysis
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payroll solutions and university of pennsylvania - All News and Analysis
Resurrecting the Defined Benefit Pension Plan: A New Perspective
BNET
- 2005-08-28
Under the traditional approach to defined benefit plans, well-intended disciplinary and regulatory regimes have sought to restrict discretion, reduce uncertainty and risk, and protect workers and employers. Nevertheless the discouraging state of US defined benefit plans indicates that past efforts have gone awry. This paper suggests that a new approach...
Changing Risks Confronting Pension Participants
BNET
- 2005-08-24
The past decade has seen a shift from traditional employer-sponsored defined benefit pensions toward individual account defined contribution plans. This has profound implications for participants' retirement security, as it involves a reallocation of risks and rewards from the plan sponsor to the employee. These include the effect of job changes...
Regulating Single Employer Defined Benefit Pension Plans: A Modern Approach
BNET
- 2005-08-17
Recent financial market and plan termination experiences have exposed the shortcomings of existing funding, disclosure, and premium rules governing private single-employer defined benefit pension plans in the United States. These rules were designed to provide predictability for plan sponsors and administrators, by insulating pension plans from the realities of economic...
Who Bears What Risk?: An Intergenerational Perspective
BNET
- 2005-08-08
Governments in most developed countries promise pension and medical benefits to their elderly citizens. As the number of retirees is growing rapidly, the burden of retiree benefits has become painfully obvious. Uncertainty about the future complicates the planning for retiree benefits. If the future is brighter than expected, who will...
The Evolution of Risk and Reward Sharing in Retirement
BNET
- 2005-05-01
Many have focused on the transition from a defined benefit DB system to one based on defined contribution DC plans, but the new topics receiving attention include regarding pension accounting and regulatory problems, asset allocation issues, and the need to consider health benefits along with retirement income security. In particular,...
Understanding the Defined Benefit Versus Defined Contribution Choice
BNET
- 2005-03-10
Defined benefit DB plans and defined contribution DC plans are the two main types of retirement pensions sponsored by US employers. This paper explores the choices made by employees in a non-profit firm when offered the option of switching from a DB to a DC plan. Overall, half of the...
Public Pension Governance, Funding, and Performance: A Longitudinal Appraisal
BNET
- 2004-12-11
Pension plans covering US public sector employees now face the twin challenges of poor asset returns and rapid increases in liabilities, producing the worst pension funding outcomes in decades. This paper explores how public pension plan investment performance and funding is related to several structural and pension design features. Using...
Why Pension Fund Management Needs a Paradigm Shift
BNET
- 2004-11-19
This paper asserts that the management of the assets of defined benefit DB plans has been guided by a simple three-part paradigm. This paper shows that within this 'old' paradigm framework, the average US DB pension fund performed reasonably well over the 10-year period ending 2002. But it also shows...
Profitable Prudence: The Case for Public Employer Defined Benefit Plans
BNET
- 2004-11-19
Defined benefit plans remain the predominant form of retirement benefit for employees of state and local governments in the United States, which employ more than 10 percent of the nation's workforce. This paper describes the divergence between pensions in private industry, where the focus has shifted sharply toward defined contribution...
Looking Backward, Looking Forward: Where Is Pension Policy Headed?
BNET
- 2004-11-19
Since the passage of the Employee Retirement Income Security Act of 1974, public policy has continuously shaped the trajectory of the US retirement system. It is clear that the policy process will continue to be key in the future reinvention of the retirement paradigm. The study reported in this paper...
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