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By 1994, "Pennsylvania's state pension funds [had] the most active program of in-state investments in the country," according to the Richmond Times-Dispatch, which also noted that Pennsylvania's pension system had "committed $259.5 million to venture capital funds that invest in the state or in out-of-state companies that create jobs in ...
The establishment of the Occupational Pensions Regulatory Authority; The Minimum Funding Requirement (MFR) to ensure that all pension schemes had a minimum amount of money; A compensation fund for pension schemes in the event of fraud; Protection for existing pension scheme benefits so that they could not be reduced in the future without member ...
The Act introduced two new regulatory institutions: the Pensions Regulator, with the powers to require sponsoring companies to make contributions to ensure that scheme funding objectives are met; and the Pension Protection Fund, which would inherit the pension liabilities of a pension scheme in the event that a sponsoring company becomes insolvent.
As retirement becomes more imminent, you’ll want to understand how your pension and other sources of income will work together in your golden years. Learn: 10 Things Boomers Should Consider ...
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 ...
The Public School Employees’ Retirement System (PSERS) is a pension fund for public school employees in the Commonwealth of Pennsylvania.Eligible members include all full-time public school employees, part-time hourly public school employees who render at least 500 hours of service in the school year, and part-time per diem public school employees who render at least 80 days of service in ...
Pensioners' Party or Party of Pensioners is a name commonly adopted by political organizations composed primarily of people who have a pension (generally elderly retirees) and who are interested in issues affecting their demographic group. However, while some political parties appeal predominantly or significantly to elderly voters in terms of ...
It is a tax deferred savings vehicle that allows for the tax-free accumulation of a fund for later use as retirement income. Funding can be provided in other ways, such as from labor unions, government agencies, or self-funded schemes. Pension plans are therefore a form of "deferred compensation". A SSAS is a type of employment-based Pension in ...