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BNET Business Dictionary
- Pension
- money received regularly after retirement, from a personal pension plan or state pension plan.
- Pension definition on BNET »
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- pension Regulator to Be Given New Powers
- By Simon Challis LONDON (Reuters UK) - The pensions watchdog will have tougher powers under changes being proposed by the government to make firms put more into their pension schemes if it feels members' pensions are threatened. The extra powers are aimed at giving the Pensions...
- News items 2008-04-14
- New pension Regulator Powers Could Hurt M&A
- By Simon Challis LONDON (Reuters UK) - Proposals to beef up the powers of the pensions regulator to make companies put more money into their schemes could threaten M&A deals and even make firms think twice about refinancing, pension consultants argue. "This is dynamite. It could...
- News items 2008-04-15
- Annuity Payments - pensions and Annuity Payments
- Annuity payments can be sold or bought. Many companies online offer to buy annuity payments, which the company will offer the person a large lump sum of cash, or else to offer to repay the person in installments over a course of time. The person may get a large sum...
- White papers
- Reforming pensions in Europe: Evolution of pension Financing and Sources of Retirement Income
- Across Europe- and indeed in North America - pensions have become hotly debated over recent years, with major policy initiatives from the World Bank and the OECD. Mass protests have occurred in many countries of Europe against governmental attempts to reduce employee rights to pensions, and the failure or termination...
- White papers
- Motion Picture Industry pension & Health Plans (MPI)
- Motion Picture Industry Pension & Health Plans (MPI) is a specialty union benefits provider with big ideas about technology. MPI was facing skyrocketing labor costs and a growing backlog of claims. Its legacy system was not capable of adjudicating claims electronically or meeting The Heath Insurance Portability and Accountability Act...
- Case studies
- Some pension Schemes Need More Regulation
- By Simon Challis LONDON (Reuters UK) - The pensions watchdog needs to step up regulation of defined-contribution pension schemes and raise governance standards at many schemes, a parliamentary committee said on Thursday. The Pensions Regulator has so far made good progress in regulating defined-benefit pensions,...
- News items 2008-04-24
- Strike to Shut UK Refinery and Affect Forties
- LONDON (Reuters UK) - Workers will launch a two-day strike on April 27 at Ineos' Grangemouth refinery in Scotland, forcing it to shut down with a significant impact on the North Sea Forties pipeline system that terminates there, both the union and company said on...
- News items 2008-04-18
- Job Security and Misery, or a Fresh Start?
- Job Security and Misery, or a Fresh Start?A Fresh StartOne thing that I suggest is not to offer any negative information on your current employer while interviewing. As a hiring manager, it hasd been my experience that occassionally when the "former- or soon to be former" employee has made the...
- Discussion threads 2007-08-16
- pension Benefit Clerk
- The Pension Benefit Clerk job description template includes the following job summary: To maintain computer and paper pension records for employees, including enrollment, contributions, salary levels, eligibility, and benefit changes. Additional information available includes essential job functions, additional responsibilities, and education and experience requirements.
- Tools & templates 2007-09-09
- pension Analyst Job Description
- The Pension Analyst job description template includes the following job summary: To prepare, administer, review, analyze, and audit pension plans. To develop plans that are in compliance with complex IRS requirements and accomplish the goals of an individual client. Additional information available includes essential job functions, additional responsibilities, and education...
- Tools & templates 2007-09-09
- The Practical Realities of Pan-European pensions
- There was much fanfare and press coverage about the pension's directive, which was finally a legal requirement from 2005. In comparison, the proposed portability directive has received relatively little in the way of media attention - but the financial consequences of this legislation are far more worrying for European multi-nationals....
- White papers 2006-06-14
- Defined Benefit pensions: The Employer View
- This paper reveals how soaring Defined Benefit (DB) pension scheme costs are inhibiting many companies' ability to operate, compete and ultimately survive. While previous research has focused on the costs of providing DB plans, this report shows the extent to which pension costs are influencing a company's fundamental, day-to-day operations....
- White papers 2006-06-01
- Hot Potato: Can Employees Handle pension Risks Shunned by Employers?
- Business success is highly dependent on having the right people in place at the right time, on motivating them well, and on providing the appropriate means to retain them and help them exit employment in a planned way. Although financial statements do not directly focus on it, talent...
- White papers 2006-05-15
- A New Approach to Dutch pensions
- Employer-sponsored retirement benefits are an essential component of the Dutch retirement income. While social security is fairly generous, employees rely heavily on employer-sponsored pensions during their retirement. More than 90 percent of the workforce participates in occupational or supplementary retirement plans, and for the average employee income during retirement from...
- White papers 2006-05-15
- pension Asset Pooling for Multinational Companies
- There have been new developments surrounding asset pooling issues due to demand from leading multinationals and the creation of a suitable product offer from custodians. While only a few multinationals have implemented asset pooling solutions so far, a number of others have expressed interest in implementing these solutions. This paper...
- White papers 2006-02-01
- "And What About My pension?": Harmonizing Globally Mobile Employees~ Needs With Business Objectives
- This paper concentrates on alternative strategies for using retirement benefit packages to facilitate global mobility and long-term employment. The paper describes recent developments and the results of the 2005 survey on expatriate benefits as the authors outline best practices in managing this important area of the remuneration package. This area...
- White papers 2006-01-13
- pension Changes in Austria
- Historically, the Austrian pension system had few private plans of substance. Then, in 1990, the system was fundamentally reformed through the introduction of defined contribution-type pension funds, which provided employees with a minimum interest guarantee on accumulated contributions. In 2003, the compulsory severance pay system was also reformed. Before this...
- White papers 2006-01-13
- Retirement Plans Across Borders: The Case for Pan Asia-Pacific pensions
- For a typical multinational company, providing retirement benefits to employees in the Asia-Pacific region presents several challenges. These include the sourcing of appropriate products, governance risks associated with centralized HR and finance functions, integration with statutory retirement benefit requirements, and issues relating to mobile employees. A centralized plan covering employees...
- White papers 2006-01-13
- Assessing the Impact of the Planned Changes in Accounting for pensions and Other Postretirement Benefits
- In recent years, financial statement users and others have expressed growing concern about the lack of transparency in employers' accounting for pensions and other postretirement benefits (e.g., retiree medical benefits). And many have expressed frustration with the usefulness of retirement plan disclosures presented in corporate financial statements under the current...
- White papers 2006-01-01
- Searching for Better Prospects: Endogenizing Failing Job Tenure and Private pension Coverage
- The declines in job tenure have coincided with a shift away from traditional Defined Benefit (DB) pensions, which reward long tenure. The evidence also points to an increase in job-to-job movements by workers, and documents gains in relative wages of job-to-job movers over a similar period. This article develops a...
- White papers 2005-12-01
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