LIFE IN RETIREMENT A PAPER PRESENTED BY GBOLAHAN I. OYEGOKE (PRINCE) B. Sc. (Ed.)Econs.‚ MBA (Mktng.) ABR‚ ACTI‚ ACA HEAD OF PRACTICE Gbolahan Oyegoke & Co Chartered Accountants AT THE POST RETIREMENT SEMINAR ORGANISED BY T. A. AMUSSAH & SONS LIMITED (CONTRACTOR TO CHEVRON NIGERIA LIMITED) DECEMBER 6‚ 2006 PREAMBLE Retirement simply refers to the fact of stopping work because you have reached particular age or set criteria. Such criteria may be health‚ performance at work‚ conduct‚ options
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Café de Coral provides lots of compensations & benefits to the employees‚ these are include: Shared Options‚ Incentive payments‚ Housing Allowance & Retirement Scheme. First‚ shared options are offer to the managerial levels. By providing the shared options to them‚ they may think or feel that they are not just the staff of the company‚ but also one of the owners of café de coral. Employees are willing to put more effort towards the company. Second‚ if the company has an increase or high profit
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Suppose you were the chief financial officer (CFO) of Southwest Airlines. Southwest leases some of its planes. Suppose the leases can be structured either as operating leases or as capital leases. Which type of lease would you prefer for Southwest? Why? Consider what would happen to Southwest s debt ratio if its operating leases in footnote 8 were capitalized‚ and the related liabilities recognized. Computing Southwests debt ratio two ways (operating leases versus reclassifying them as capital leases)
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Issue Brief Who Killed the Private Sector DB Plan? by Ilana Boivie March 2011 Executive Summary In recent decades‚ defined benefit (DB) pension plans have been in decline in the private sector. For example‚ and to much public attention‚ in January 2010 General Electric announced that it would be closing its DB pension plan for all salaried employees hired after December 31‚ 2010. These employees would be given a defined contribution (DC) account contribution of 3 percent of pay.1 The
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Start a Simple Budget and Plan For Retirement By Jack Landry Sep 15‚ 2011 A simple budget can help you reach your financial goals sooner with less stress and worry. A budget is a plan you put together to track the flow of money into and out of your life. The idea is to find where your money flows out‚ plug the expensive leaks‚ and save more inflowing cash for yourself every month. A basic budget can also expose the sneaky spending habits you’re not aware of and help you plan where to best spend
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TLa G.R. No. 181995 BIBIANO C. ELEGIR‚ petitioner‚ v. PHILIPPINE AIRLINES‚ INC.‚ respondent. July 16‚ 2012 Doctrine: The Court ruled that both Article 287 and PAL’s retirement plans are alternative in nature and the retired pilot only is entitled to which have the superior benefits. Article 287 of the Labor Code is applicable only to a situation where: there is no CBA or other applicable employment contract providing for retirement benefits for an employee‚ or if there is a CBA or other
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Chapter 2: (Contingent) Life Annuities 2.1 Annuity Certain Review 2.2 Net Single Premium(NSP) 2.3 Pure Endowment 2.4 Whole Life annuities 2.5 Temporary Life Annuities 2.6 Deferred Life Annuities 2.7 Varying Life Annuities 1 AS2053 Feb. 2012 Lecture Notes-AM Note-Chapter 2 Chapter 2- Life Annuities Note: There are copies of the text tables at the end of the lecture note handout. You should print them off and bring them to class (for examples) 2.1 Annuity Certain Review • most of this
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International Monetary Fund Headquarters Washington‚ D.C.‚ USA Managing Director Dominique Strauss-Kahn Central Bank of Currency ISO 4217 Code XDR Base borrowing rate 3.49% for SDRs Website www.imf.org History The International Monetary Fund was conceived in July 1946 during the United Nations Monetary and Financial Conference. The representatives of 45 governments met in the Mount Washington Hotel in the area of Bretton Woods‚ New Hampshire‚ United States‚ with the delegates
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AC Ransom Labor Union v. NLRC (1986) Doctrines: •Since a corporate employer is an artificial person‚ it must have an officer who can be presumed to be theemployer‚ being the “person acting in the interest of the employer.” Facts :On June 6‚ 1961‚ employees of AC Ransom‚ most being members of the AC Ransom Labor Union‚ went on strike. The said strike was lifted on June 21 with most of the strikers being allowed to resume their work. However‚twenty two strikers were refused reinstatement.During
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Retirement Gamble Before enrolling into this class‚ I can honestly say that I have never really thought about retirement plans. Just like a lot of young people‚ I felt as if retirement was so far away that I don’t need to plan yet. That is a very typical answer‚ but I honestly felt at 19 years old I don’t need to start planning and saving yet. I have a financial advisor that my family and I go to and the last meeting I was in‚ he brought up the idea to start thinking about retirement. I brushed
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