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Pension Essay Topics & Paper Examples

Vallone v CNA Financial

In Vallone v. CAN Financial, this lawsuit is a purported class action brought on behalf of individuals who elected early retirement from the Continental Insurance Company in 1992. Plaintiffs allege that health care benefits promised to them as part of the early retirement package were terminated in violation of federal and state law. Along with hundreds of other Continental employees nationwide, plaintiffs elected to accept the package from Continental known as the Voluntary Special Retirement Program (VSRP). The VSRP provided early retirees with special health care benefits that differed from the benefits extended to regular retirees under Continental’s Comprehensive Health Care and Dental Plan (the Plan). One such feature involved the Retiree Health Care Allowance, a subsidy from Continental provided…

Pensions and Other Postretirement Benefits

As you may know there are two types of pension plans that are most commonly used: a defined contribution plan and a defined benefit plan. “A defined contribution plan sets forth a certain amount that the employer is to contribute to the plan each period (Schroeder, Clark, & Cathey, “Pensions and Other Postretirement Benefits,” 2011). “A defined benefit plan specifies the amount of pension benefits to be paid out to plan recipients in the future. Companies that use this plan must make sufficient contributions to the funding agency in order to meet benefit requirements when they come due” (Schroeder, Clark, & Cathey, “Pensions and Other Postretirement Benefits,” 2011). The defined contribution plan makes no promises on what the ultimate benefits…

Voluntary Retirement Scheme

In the present globalised scenario, right sizing of the manpower employed in an organisation has become an important management strategy in order to meet the increased competition. The voluntary retirement scheme(VRS) is the most humane technique to provide overall reduction in the existing strength of the employees. It is a technique used by companies for trimming the workforce employed in the industrial unit. It is now a commonly method used to dispense off the excess manpower and thus improve the performance of the organisation. It is a generous,tax-free severance payment to persuade the employees to voluntarily retire from the company. It is also known as ‘Golden Handshake’ as it is the golden route to retrenchment. In India, the Industrial Disputes…

Total Compensation

Managing Compensation In an attempt to attract and retain good employees, companies may offer the benefit of retirement savings options. Employers have the option of sponsoring defined benefit plans and defined contribution plans or both to eligible employees. The intent of the plans are to provide long term investment options to be used as retirement income. Each investment option has its own pro’s and con’s to both the employer and employee. The following information provided will compare and contrast defined benefit plans and defined contribution plans. It will also discuss how beneficial the plans may be for participants. Defined Benefits and Defined Contribution Retirement Plans Compared Defined benefit and defined contribution are two types of retirement plans that companies offer…

Benefits Are Vanishing

Our society is changing and moving fast due to the advanced technologies. The technologies such as internet, transportation and advancement in medical have bought us more comfortable and convenient life style. It is hard to foresee how the society will be changed in the future. One of the big changes in our life is that people live longer and healthier due to the advanced medical care. Unfortunately, this becomes burden for companies who offer retirees pension plan. Because of people are living longer in retirement, the costs a lot more. Ivancevich, p382) Therefore, companies start to look for a way to get out of the promise that they made for their retirees. While companies are looking for ways to get…

Tax Treatments for Individual Returns

A. Recommended Tax Filing Status The tax filing status that I would recommend is Married Filing Joint. The reason for this is that the IRS has various tax breaks for married persons that file together that are unavailable if you file married filing separate. It also affect the tax rate, they will pay a lower rate of taxes if they file together than they would if they filed separately. A2a. Taxable and Non-Taxable Income Taxable Income for the couple would include the following items: Spouse A’s income from the partnership, Spouse A’s income from the part time job, Spouse B’s income from the electronics firm, and the dividends that were received by Spouse A from Company E. Their Non-Taxable Income…

Reporting Paper

With the recent acquisition of another company, the company acquired two different pension plans and two segments that do not flow with the company. The company is unfairly with the requirements in reporting the two pension plans. Also the company needs to determine the correct method for the two segments to be eliminated. Thus, the memo describes the reporting requirements for the pension plans of defined contribution, defined benefit, and other postretirement plans. The memo also discusses the process to eliminate the unwanted segments. Defined Contribution A defined contribution plan is one of the two most frequently used pension plans. “A defined contribution plan set forth a certain amount that the employer is to contribute to the plan each period”…

Promotional Strategies of Idbi Federal Life Insurance

The paper deals with the study of the promotional strategies of IDBI federal life insurance co ltd vis-à-vis its various competitors like LIC, SBI life, ICICI prudential, etc. The paper aims at the various promotional strategies adopted by the company to make information available, about its products, to its potential customers. The primary objective of the paper is to find out whether the current promotional strategies are effective enough in attracting customers, to find out what customers look for in a life insurance advertisement and to suggest the company as to what are the new sources through which it can advertise its products. The secondary objective is to find out whether the current marketing strategies are sufficient enough to capture…

Corporate Strategy Analysis Discussion

The Destination CEO videos offered a great insight into the lives of the people that have to run the huge organizations. It seems as if all of them have been faced with a challenge somewhere within their careers. The following paper will discuss the different corporate strategies: growth, stability, and renewal. It will also discuss how each CEO used the planning function of management which are concentration, vertical integration, and diversification. I agreed with my teammates discussions of the CEOs of the companies. We discussed four CEOs: Neville Isdell, Coca-Cola CEO, Gary Kelly, Southwest Airline CEO, Mackey McDonald, VF Corporation CEO, and Anne Mulcahy, Xerox CEO. The corporate strategy that was used by Neville Isdell is growth and the planning…

Performance Appraisal & Compensation Process

The performance appraisal is conducted by the immediate manager or supervisor, who does a narrative writing and graphic scale analysis for rating the new employee performance. All of the compensation plan along with benefits; incentives are included in the performance appraisal process of Unilever Bangladesh Ltd. To hold effective performance management they follow some steps: Know the problems Using the right and effective appraisal tool Keep a diary Get agreement on a plan Be fair Review the related performance Always goal directed COMPENSATION : Bangladesh Unilever offers compensation packages on par or higher than the industry standards based on the technical skills and experience of the candidates. Employee benefits were standardized across employees. The benefit schemes were re-evaluated twice a…