Students who request an advance payment will have those funds deducted from future benefits.
After all, future benefits are what gave rise to this fiscal disaster in the first place.
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As a result, they are locking themselves into opposing both reductions in future benefits and tax increases.
It is always easy for politicians to promise lavish future benefits and difficult to cut them back.
Supporters of HS2 say it holds massive future benefits for the economy and would cut emissions from air travel.
Supporters of HS2 says it holds massive future benefits for the economy and would cut emissions from air travel.
But there are well established appraisal methods to measure the present value of future benefits through capitalized income streams.
But the specific way that public pensions discount liabilities causes them to underestimate the present cost of paying future benefits.
More directly, there is a well-established valuation concept that present value of an activity is increased by anticipated future benefits.
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That's how much GM would have to have in the bank now to cover all those future benefits that have already been earned.
Price indexing involves changing the fundamental Social Security benefit formula for calculating the future benefits workers would receive at retirement (not the post-retirement Social Security COLA).
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There might be tiny ones, but the incoming Congress' more likely preference would be Super IRAs that people could contribute to in order to supplement future benefits.
Once all phased in, in fact, it would reduce federal spending by 10% of GDP, which is the projected burden of future benefits now financed by the payroll tax.
This approach will help assure that Congress discloses what it thinks is reasonable for the public to spend to achieve future benefits, and maybe even keep government away from our pogo sticks.
The firm set up a funded plan, where money is socked away today to pay for future benefits, and now provides individual retirement plans that are owned by the lawyers, says chairman R.
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That is because the personal accounts finance so much of the future benefits of Social Security that future deficits between continuing payroll tax revenues and continuing benefit obligations of the program are eliminated entirely.
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But far more crucially, the key assumption that drives its strong conclusions is the mundane fact that a very low interest rate is postulated, with which distant-future benefits and costs are then discounted .
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Just as the price of a share should equal the discounted present value of future profits, so the price of a house should reflect the future benefits of ownership either rental income or the implicit rent saved by an owner-occupier.
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To make sure that a premium paid today can pay for a benefit promised for tomorrow, an insurer determines the amount it will need for future benefits, marks that amount as a liability, and puts aside funds to pay for it.
Just as the value of a company's shares should equal the discounted present value of its future profits, so the price of a house should reflect the future benefits of ownership, either as rental income or in the rent saved by an owner-occupier.
Just as the price of a share should equal the discounted present value of future dividends, so the price of a house should reflect the future benefits of ownership, either as rental income for an investor or the rent saved by an owner-occupier.
They include the requirement to pay for all future military expenditures, all future welfare benefits, all future Supreme Court Justices salaries, and the list goes on.
We believe that the key to strengthening future pension benefits and reducing future Social Security taxes is to increase national saving over the next several decades by diverting budget surpluses to Personal Retirement Accounts, rather than spending those government surpluses as they have been in the past.
The resulting bigger, wealthier economy would make it infinitely easier to pay future retirement benefits.
As governments have salami-sliced future pension benefits, they have encouraged people to plug the gap through individual accounts.
Mr Potter has also asked Congress to modify a 2006 law that requires the service to pre-pay employees' future retirement benefits.
He would slash future promised benefits by as much as 30% for those deemed higher income retirees, a bit less for middle income retirees.
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Aon Hewitt surveyed more than 500 large U.S. employers, representing more than 12 million employees, to determine their current and future retirement benefits strategy.
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Through such accounts, instead of lower benefits, future retirees would enjoy higher benefits than Social Security even promises, let alone what it can pay.
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