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In April 2012, the Northern Mariana Islands Retirement Fund filed for Chapter 11 bankruptcy protection. The retirement fund is a defined benefit type pension plan and was only partially funded by the government, with only $268.4 million in assets and $911 million in liabilities. The plan experienced low investment returns and a benefit ...
Voluntary private collective pension provision; Voluntary private individual pension provision Georgia: Basic pension: N/A: N/A: N/A Germany: Social assistance: Social insurance system: Voluntary occupational pension insurance: Private pension schemes Hong Kong: Basic pension: Provident fund system: N/A: N/A Hungary: Social assistance: Private ...
The National Pension System (NPS) is a voluntary defined contribution pension system administered and regulated by the Pension Fund Regulatory and Development Authority (PFRDA), created by an Act of the Parliament of India. The NPS started with the decision of the Government of India to stop defined benefit pensions for all its employees who ...
Railroad retirement benefit payments are financed primarily by payroll taxes paid by railroad employers and their employees. Since 2002, funds not needed immediately for benefit payments or administrative expenses have been invested by an independent National Railroad Retirement Investment Trust, which qualifies as non profit 501(c)(28). As of ...
The National Institute on Retirement Security (NIRS) is a nonpartisan non-profit research institute based in Washington, D.C., United States, which focuses on policymaking in the area of retirement security. [1] NIRS develops and distributes research reports on a wide range of retirement issues.
The fund was utilized as an extraordinary measure in 2015 and also in the 2023 United States debt-ceiling crisis by Janet Yellen, the Secretary of the U. S. Treasury to deal with scarcities in federal funds caused by prolonged congressional debates over raising the national debt ceiling. [4]