The state constitution has an amendment carving out public employee pension benefits from diminishment.
FORBES: Arizona's Pension Change Shows That No Union Is Untouchable
Both Solo 401k accounts and Simplified Employee Pension (SEP) accounts are potential options for self-employed individuals.
FORBES: Smart Ways For Gen Y To Save In A Changing Job Market
Across the country, state and local governments are facing huge unfunded liabilities for their employee pension plans.
FORBES: How Three Texas Counties Created Personal Social Security Accounts and Prospered
Motorola said last week that it would freeze its employee pension benefit plans and stop matching 401(k) contributions.
It also suggested ending its huge employee pension plans, which would cause the already stretched federal pensions-guarantee agency to cover the liabilities.
The Simplified Employee Pension (SEP) and the Savings Incentive Match Plan for Employees (SIMPLE) both include employee participation, as does the traditional 401k.
You can set up and fund a Simplified Employee Pension plan until Apr. 15, or if you get an extension, the date you file your return.
With the active lobbying of opposition leader Binyamin Netanyahu, many US public employee pension funds are moving to divest from companies that do business with Iran.
Across the nation, state, county and municipal employee pension funds are governed by boards of trustees, the majority of the members of which consist of current and former government employees.
FORBES: City Garbage Collectors Become Sophisticated Hedge Fund Investors
The public-employee pension funds are a mess.
WSJ: The Weekend Interview with Annise Parker: The Modern American Boomtown
Examine Pension Consultant Conduct: Pensions should review their relationships with investment consultants, in light of the conflicts of interest that have been identified in connection with the State of Hawaii employee pension fund and the City of Nashville fund.
FORBES: Time��s Running Out For America��s Pensions (May 1, 2003 )
The most likely result: a recession that would lead to yet higher federal deficits, higher unemployment, a further squeeze on the middle-class and a contraction in the tax base that would threaten to bankrupt public employee pension plans from California to New York.
Ray Haynes, would create a task force to review potential foreign investment by California's state employee and teacher pension funds and alert the funds of national security and human rights concerns.
The SEC noted that Illinois used accounting that funds a larger percentage of an employee's pension costs near the end of his career, a method that increases the risks that the system could go bust.
WSJ: Steve Malanga: The Many Ways That Cities Cook Their Bond Books
Briefly, members of the Communications Workers of America and the International Brotherhood of Electrical Workers voted to go on strike at Verizon Communications last week after the two sides were unable to agree over concessions regarding employee contributions to pension and healthcare costs.
FORBES: Facebook's Dilemma: Who's Going to Give a Scab-buster Site Their Credit Card Info?
This is insidious because some of that money involves direct contributions from the employee and, if the pension goes bust, presumably the employee would lose his own contributions, along with the promised contribution from the employer.
FORBES: Looming Risk of Municipal Defaults Forces Retirees to Consider Pension Buyouts
In response, the workers argued that the ADEA prohibits age discrimination in all forms of employee benefits, including pension benefit accruals.
Defined contribution schemes, where the employee builds up a pension pot via investments, are the typical replacement for a company's final-salary scheme.
He may lose vesting rights, since countries have different rules concerning how quickly an employee becomes entitled to a pension.
Employee membership of any company pension scheme - final-salary, defined contribution or stakeholder, public and private sector - dropped to 48% last year.
The now bankrupt makers of some of our favorite childhood treats like Twinkies and Ho-Hos acknowledged that it used employee wages slated for their pension plans to fund company operations.
In addition to this, the days when an employee could count on the company pension and Social Security benefit to provide a decent retirement income have faded.
FORBES: Ugly Truths about the Recession and How to Deal with Them
On the other side of the ledger, these investment managers are probably soliciting to manage their employee retirement funds as well as corporate pension assets of many companies whose shares they may vote.
FORBES: Shareholders, Shake Off Your Apathy And Vote To Stop Tom Ward And Michael Dell
Apart from tax law, employee status carries protection under nondiscrimination laws, pension and benefits laws.
Thanks to a booming stockmarket, firms have been able to reduce their contributions to pension plans, thereby holding down employee benefit costs.
It may be that salary that counts for pension is capped, or that employee contributions will be increased, or that pensions will not increase every year as they currently do.
Businesses contribute the equivalent of 20% of an employee's salary to the state-mandated pension fund.
Apart from tax law, employee status carries a host of nondiscrimination laws, pension and benefits laws and wage and hour protections that apply to employees but not to independent contractors.
应用推荐