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[j] In "Return of the Golden Child", during a company executive meeting, he congratulates himself for being so rich, however, when the police arrive to inquire about irregularities in the company's pension fund, he simply opens a window and jumps to his death.
The San Diego City Employees' Retirement System had been underfunded in some form for more than a decade. [2] In 2001, as a result of years of sharp increases in pension benefits combined with decreases in pension funding [3] and a decrease in the value of investments, [4] the fund fell below certain funding targets.
This list of largest pension funds in the United States involves two main groups: government pension funds for public employees and collectively bargained pension funds, jointly managed between employer and employee representatives after the Taft-Hartley Act of 1947.
The pensions crisis or pensions timebomb is the predicted difficulty in paying for corporate or government employment retirement pensions in various countries, due to a difference between pension obligations and the resources set aside to fund them.
Since 2001, U.S. statewide pension funds have experienced significant funding challenges due to the recessions of 2001-2002 and 2008-2009. Prior to the Dot-Com Crash, statewide pension funds were over 95.6% funded in the aggregate. In 2002, the funded ratio had declined to 82.1%.
Denholm, upon receiving a visit from police who want to investigate "financial irregularities" in the pension accounts, casually opens a window and jumps out of it to his death. Denholm's successor Derek dislikes the IT department and plans to fire them.
The Pension Protection Act cracks down on supporting organizations, particularly Type III supporting organizations. The Act applies further regulations and penalties that takes away several of the privileges that supporting organizations have over private foundations, such as applying private foundation law of excess benefit transactions, excess business holding rules, and pay out requirements.
Pension regulation varies widely from one jurisdiction to another - notably due to the persistence of discrepancies in the degree of autonomy and breadth of authority and discretionary power that national and regional pension regulators have at their disposal to enforce efficiently existing laws and regulations, in relation with local judicial ...