Search results
Results From The WOW.Com Content Network
Liu and Tonks (2012) [2] examine the effect of a company's pension commitments on its dividend and investment policies, assessing the impact of funding rules under the MFR, and also under the funding requirements introduced under the Pensions Act 2004. They find a strong negative relationship between a firm's dividend payments and its pension ...
In a nutshell, the amendments to the 1995 Act effected in 2009, including section 17A, envisaged that regulations would (i) require participants to undertake unpaid work, or work-related activity, during a prescribed period, to improve their prospects of employment and (ii) impose sanctions (in particular, loss of the allowance) on those who ...
The 1995 Pensions Act increased the state pension age for women from 60 to 65 in order to equalise the age with men, with the change to be phased in over ten years from 2010 for women born between 1950 and 1955. [3] This transition was later sped up by the 2011 Pensions Act. [4]
(Bloomberg Opinion) -- Defined-benefit pension plans were already barely treading water heading into 2020. In the years ahead, the risk is as great as ever that a large swath of them will drown.As ...
The Minimum Funding Requirement (MFR) was a part of United Kingdom legislation in the Pensions Act 1995, and was introduced on 6 April 1997.The Pensions Act 2004 abolishes the MFR replaces it with new "statutory funding objective"; this came into force on 30 December 2005 for all pension schemes with a valuation date after September 22, 2005.
In a move that could significantly impact the retirement income of millions of Americans, a bipartisan group of U.S. lawmakers is pushing to repeal a set of Social Security rules that reduce ...
In 2003, the employer went insolvent, the scheme would up and there were pension deficits. The trustee asked the court whether the scheme was "money purchase" under the Pensions Act 1995 section 73. This counts the outstanding money as a debt due from the employer, unless it is a money purchase scheme.
The Government Pension Offset affects spouses, widows and widowers who receive government pensions and in some cases reduces their Social Security benefits, according to the SSA.