Retirement Plans Of Farmer Cooperatives PDF Download

Excerpt from Retirement Plans of Farmer Cooperatives The self-administered trust type of plan is best suited for larger cooperatives. It is not an insured plan. Usually an employee retire ment plan consult-ant helps develop it and makes the necessary actuarial calculations. Four cooperatives in this study were using the self-administered retirement trust. They felt that it was somewhat more flexible and had some advantages for the larger cooperatives. The group permanent is a newer type plan than either of the other three. It includes some of the features of both the individual annuity contract and the group annuity. It is expected that the use of this type plan will increase. Regardless of the type plan used, certain basic provisions need to be considered in development of retire ment plans. They include: (1) Eligibility requirements, (2) normalretirement age, (3) amount of pay ment to be provided, (4) employee contribution, and (5) past service. Most farmer cooperatives make their plans available to all employ ees after they have reached a designated age and have served from 1 to 5 years. Practically all plans use 65 as the normal retirement age. This coin cides with retirement under Social Security. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.