The nature of pension plans with focus on defined contribution pension plans and defined benefit pension plans. - Research Paper Example

Only on StudentShare

Extract of sample
The nature of pension plans with focus on defined contribution pension plans and defined benefit pension plans.

“Actually, an individual who periodically invests in stocks, bonds, certificates of deposit (CDs), or other investments for the purpose of saving for retirement is establishing a personal pension fund. Often, such individual plans take the form of individual retirement accounts (IRAs) to take advantage of tax breaks offered by that arrangement” (Part A: The nature of Pension Plans n.d. p. 1010). Pension funds must be controlled. They have managerial responsibilities? create decisions on the subject of benefits and entitlements and, in some cases, guarantee that long-term duties are met in the circumstance of uncertainty and risk. As such, it is debatable that pension funds are like other financial organizations, which have objectives and goals in addition to procedures that help attain these objectives and goals are realized. Pension plans often increase productivity, decrease turnover, gratify union demands and permit employers to fight in the labor market. Corporations set up pension plans for various reasons. ...Show more

Summary

The Nature of Pension Plans with Focus on Defined Contribution Pension Plans and Defined Benefit Pension Plans Name of Author Author’s Affiliation Author Note Author note with more information about affiliation, research grants, conflict of interest and how to contact The Nature of Pension Plans with Focus on Defined Contribution Pension Plans and Defined Benefit Pension Plans Nature of Pension Plan: Pension plan is a kind of arrangement by which an employer offers payments or benefits to workers after they retire?…
Author : bridgetkoss
Save Your Time for More Important Things
Let us write or edit the research paper on your topic
"The nature of pension plans with focus on defined contribution pension plans and defined benefit pension plans."
with a personal 20% discount.
Grab the best paper

Related Essays

Accounting and Society(The Minerals Resource Rent Tax)
The Government of Australia has proposed a new resource rent tax known as Mineral Resource Rent Tax (MRRT) that will be effective from the beginning of July in 2012. It replaces the earlier proposed Resource Super Profits Tax or RSPT. Australia is quite rich in its natural resources in the form of minerals, oil, natural gas, etc.
12 pages (3000 words) Essay
Pension scheme
Largely, it is the employer who would commit him or her self to either choosing to pay the employee a defined benefit pension or not. Once selected, the employer pays the employee upon pension, a fixed amount of money every month for as long as the pensioner is alive (Cox, Jonathan and Stephan, 2011, p.
6 pages (1500 words) Essay
Reporting Paper: Post-retirement Benefit Plans
Organizations usually tend to report all such matters in the annual published reports and these annual reports include different types of financial statements, corporate governance reports and many other information. The financial statements and all the other information within the annual report is to be presented in a formal manner as prescribed by the global accounting bodies.
4 pages (1000 words) Essay
Institutional investments- the pension schemes
This is a tax-free method of saving which includes government agencies and self-funded schemes among others; they vary as some organizations may have disability pensions among other benefits which are mainly to the advantage of the employer. Introduction Pension can be defined as a contract of an employee for a fixed amount of money that is payable on a regular basis upon retirement from work (Redhead 2003, pg.
8 pages (2000 words) Essay
"The various activities within a company should be coordinated by the preparation of plans of actions for future periods. Thes
Long or short term planning processes are core management functions that are extremely important to an enterprise for future survival and business success. Management may prepare a budget for planning propose as a quantitative plan about management’s beliefs of what business costs and revenues will be over a given future period or a budget for control purpose as motivational tool to influence improved departmental performance.
10 pages (2500 words) Essay
Financial Analysis of Burberry Group Plc

This report shall carry out a financial analysis and equity valuation of Burberry Group Plc using information from its financial statements for the four-year period ended on 31st March 2012. The researcher analyzes the importance of income statement vis-à-vis that of the balance sheet as the primary financial statement from the perspective of an equity investor.

14 pages (3500 words) Coursework
IFM
Besides the initial contributions by the employees who turned to be the proprietors, they managed to formulate policies through which the members continuously contribute to the welfare of expanding and perpetuity of the cooperative. They followed a relatively unclear structure while contributing and deciding on investment plans where the trustees would just come up with suggestions during monthly meetings and decide on what investments to undertake as well as what contributions to be make.
10 pages (2500 words) Essay
Many organizations develop strategic plans
This statement can be delivered maximum amount of weightage by way of reviewing the similar sayings of Dr. Robert Kaplan and Dr. David Norton who are responsible for creation of the balanced scorecard during the 1990s, which has served as a top-down organization system.
4 pages (1000 words) Assignment
Discuss the behavioral issues involved in Merit inc.'s standard cost dilemma.
Behavioural issues that arise from the use of the standard cost system in the merit Inc. include lack of motivation for both the employees and managers to work towards attaining the set goals. In the
2 pages (500 words) Assignment
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT