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Author | : Muhammad Irfan Abdul Rahman |
Publisher | : Palgrave Macmillan |
Total Pages | : 0 |
Release | : 2024-06-29 |
Genre | : Business & Economics |
ISBN | : 9789819723232 |
Download Pension at Stake Book in PDF, ePub and Kindle
This book focuses on the Defined Benefit (DB) pension scheme for pensionable civil servants in Malaysia, as a result of the rapidly rising pattern of pension costs for public servants in the country. In doing so, the book explores various issues on the defined benefit pension fund that the Malaysian Government currently confronts. Chapter one provides an overview of the pension system in the country, covering only the civil service pension fund managed by the Retirement Fund (Incorporated), better known as KWAP. It also discusses the issues and challenges the pension system and pensioners face. Chapter two reviews the past studies, sets up empirical models and examines which are the determinants of pension cost. Chapter three examines the asset allocation and performance of the KWAP pension fund from the last 13 years since the Ministry of Finance established it as part of the pension reform. Based on the available pension assets and liabilities data, Chapter Four outlines the steps and makes the 10-year forecast to ascertain whether the pension fund will be underfunded or not in the future. Chapter five examines whether the pension fund is sustainable in the long run based on the four parameters using scenario-based simulation. In order to solve this problem, especially the longevity risk, Chapter six proposes issuing longevity bonds by the authority to mitigate the longevity risk faced by the KWAP pension fund. Put together, the book is an interesting compilation of facts, analysis and insights from this hotly debated issue the current government faces. It serves as a reference for the financial market industry, regulators, market practitioners, analysts, researchers, government authorities and universities.
Author | : Victor L. Andrews |
Publisher | : |
Total Pages | : 6 |
Release | : 1959 |
Genre | : |
ISBN | : |
Download Interests at Stake in the Investment of Pension Funds Book in PDF, ePub and Kindle
Author | : Fran Hawthorne |
Publisher | : John Wiley & Sons |
Total Pages | : 258 |
Release | : 2010-05-20 |
Genre | : Business & Economics |
ISBN | : 0470885149 |
Download Pension Dumping Book in PDF, ePub and Kindle
Fran Hawthorne, author of Pension Dumping, is a recipient of the New York State Society of Certified Public Accountants award for Excellence in Financial Journalism for 2009—the first year books have been honored. Pension plans in America no longer represent commitments that financially troubled companies will honor. Neither bankruptcy courts, nor Washington, nor unions have the clout to make them do so. The disposition of these plans is instead left to serve the needs of big investors. Often these investors are a failing company’s best hope of restructuring after bankruptcy. Investors want a lean investment unburdened with financial promises to employees no longer on the payroll. Despite laws passed to discourage the termination of plans, the courts allow it, caving in to the forces garnered to reinvigorate a failing company. Unions are often compelled to choose between the financial welfare of retirees and jobs for active workers. Pension Dumping explains in shocking detail how terminating the pension plan became a knee-jerk strategy for bankrupt companies that hope to attract big investors to help them reorganize. Hawthorne traces the dynamics and the players involved as a pension is targeted for termination: thebankruptcy court and the hierarchy of power that dictates whose interests will prevail the choices forced on unions the burden placed on the Pension Benefit Guaranty Corporation the risks investors take and the returns they look for the companies’ efforts to salvage what they can as they restructure, as well as the backlash they risk by breaking pension promises In 2008, Pension Dumping was cited in testimony before a Congressional committee investigating bankruptcies in relation to pensions.
Author | : Nelson H. Cruikshank |
Publisher | : |
Total Pages | : 40 |
Release | : 1970 |
Genre | : Old age pensions |
ISBN | : |
Download The Stake of Today's Workers in Retirement Security Book in PDF, ePub and Kindle
Author | : Keith P. Ambachtsheer |
Publisher | : John Wiley & Sons |
Total Pages | : 264 |
Release | : 1998-04-23 |
Genre | : Business & Economics |
ISBN | : 9780471246558 |
Download Pension Fund Excellence Book in PDF, ePub and Kindle
Neue Ideen für mehr Erfolg! Alles, was ein Manager über Rentenfonds wissen muß - die Zusammenstellung effektiver Fonds, ihr Management, die optimale Wertsteigerung - wird hier anhand in- und ausländischer Fallbeispiele eingängig erklärt. Nutzerfreundlich werden die wichtigsten Schritte in Übersichten zusammengestellt. Verschiedene moderne Ansätze zum Rentenfondsmanagement werden kritisch bewertet.
Author | : |
Publisher | : |
Total Pages | : |
Release | : 2010 |
Genre | : |
ISBN | : |
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Author | : United States. Congress. Joint Select Committee on Solvency of Multiemployer Pension Plans |
Publisher | : |
Total Pages | : 0 |
Release | : 2020 |
Genre | : Business failures |
ISBN | : |
Download Understanding What's at Stake for Current Workers and Retirees Book in PDF, ePub and Kindle
Author | : |
Publisher | : |
Total Pages | : |
Release | : 1959 |
Genre | : Investments |
ISBN | : |
Download Interests at Stake in Investment of Pension Funds Book in PDF, ePub and Kindle
Author | : Zvi Bodie |
Publisher | : University of Chicago Press |
Total Pages | : 466 |
Release | : 2008-04-15 |
Genre | : Business & Economics |
ISBN | : 0226062899 |
Download Financial Aspects of the United States Pension System Book in PDF, ePub and Kindle
This book provides valuable information and analysis to managers, policymakers, and investment counselors in the rapidly expanding field of pension funding. American workers, too, need answers and insights on how to invest their money and plan for their retirement. fifteen of America's leading financial analysts address such pressing questions as -What is the current financial status of the elderly, and how vulnerable are they to inflation? -What is the impact of inflation on the private pension system, and what are the effects of alternative indexing schemes? -What roles can the social security system play in the provision of retirement income? -What is the effect of the tax code and the Employee Retirement Income Security Act of 1974 (ERISA) on corporate pension policy? -How well funded are corporate pension plans, and is a firm's unfunded pension liability fully reflected in the market value of its common stock? Many of the conclusions these experts reach contradict and challenge popular views, thus providing fertile ground for innovation in pension planning.
Author | : Donald L. Barlett |
Publisher | : Public Affairs |
Total Pages | : 322 |
Release | : 2012-07-31 |
Genre | : Social Science |
ISBN | : 1586489690 |
Download The Betrayal of the American Dream Book in PDF, ePub and Kindle
Examines the formidable challenges facing the middle class, calling for fundamental changes while surveying the extent of the problem and identifying the people and agencies most responsible.