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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"Full retirement age" ranges from 65 years exactly (for those born in 1937 or earlier) to 67 (for those born 1960 or later). Persons may elect to receive retirement benefits prior to "full retirement age‚" starting as early as age 62‚ but these will be less and may be subject to limitations based on earnings. The maximum social security benefit for an individual worker retiring at full retirement age in January 2007 (65 years and 10 months) was estimated
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post in his own hallway. After all‚ he is on the receiving end of our cards and our congratulations. It is his retirement day and we are gathered to wish him well in the future. Today‚ you see‚ Dave is starting out on a new adventure. Now he may groan a little at that thought. He may claim that all he wants to do now is to relax for the rest of his life. He may visualise the ideal retirement gift as a rocking chair with a footstool for his sore feet. We can understand that because being a mail carrier
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Choose an organisation known to you: 1. Describe all the activities to the logistic function. 2. Discuss how the logistic function contribute or can contribute to achieve the corporate objectives. 3. What are the benefit and challenges of outsourcing the logistic function to 3PL 0r 4PL service providers. 1.0. Introduction Today’s business is more global than ever before. Markets are everywhere and new ones are sprouting up every day. Suppliers shift‚ supply chains
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Retirement and old age Many people choose to retire when they are eligible for private or public pension benefits‚ although some are forced to retire when physical conditions no longer allow the person to work any more (by illness or accident) or as a result of legislation concerning their position. Nowadays most developed countries have systems to provide pensions on retirement in old age‚ which may be sponsored by employers and/or the state. In many poorer countries‚ support for the old is
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Mandatory Retirement: Why governments should quit banning it Morley Gunderson CIBC Chair in Youth Employment – University of Toronto Fellow of the Royal Society of Canada 16 December 2008 AIMS Labour Series Commentary #3 What’s Inside Government did not create mandatory retirement. It is not legislated. Not even the CPP requires people to stop working at age 65. Mandatory retirement was created through bargaining between employees and employers because it is mutually beneficial. It
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Asset Allocation and Retirement: Do You Need to Make a Change? Many investors who are approaching retirement are wondering if they will need to change their asset allocation when they are no longer collecting a paycheck. The information available from the popular press and many advisors is to generally guide retirees to change their allocation to one that is more conservative. This is usually interpreted to mean that the investor should lighten up on stocks and put more of their investments into
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Is it necessary to reform our retirement system ? (Do we have to raise the retirement age ?) Better life conditions we live longer Belgium : in order to claim an old age pension must have reached a certain age (65) 21st century : Our country‚ as a developed country‚ is suffering from the so called « aging- population » Increase of the life-expectancy PRO 1. Double-effect on funding : * people will contribute longer (2y) to the pension fund pension fund will increase they help
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relative to our benefits and rewards programs here at Forward Style‚ Inc‚ Authors Noe‚ Hollenbeck‚ Gerhart & Wright have noted that the heavy involvement of government in benefits decisions reflects the central role benefits play in maintaining economic security (Noe‚ Hollenbeck‚ Gerhart & Wright‚ 2008‚ p. 561). For this purpose I am offering an evaluation of our current programs as well as the legal requirements that must be adhered to. Private retirement plan In offering private retirement‚ it is not
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Voluntary Retirement Scheme (VRS) | | In the present globalised scenario‚ right sizing of the manpower employed in an organisation has become an important management strategy in order to meet the increased competition. The voluntary retirement scheme(VRS) is the most humane technique to provide overall reduction in the existing strength of the employees. It is a technique used by companies for trimming the workforce employed in the industrial unit. It is now a commonly method used to dispense
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