Q1‚ While pension funds hold bonds as their asset‚ they also have obligations as liability. Lower interest rate‚ namely a lower discount rate‚ on one hand‚ increases bonds’ return‚ on the other hand‚ it also increase pension funds’ liabilities‚ which is the discounted value of future obligations. Moreover‚ bonds in asset side are usually in shorter term than long-term liabilities‚ and therefore are less sensitive to interest rate change. As a result‚ the increase in liability exceeds the value increase
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Kenya’s Pension Fund Industry amounts to approximately KShs 200 billion reference‚ or the equivalent of 23% of Gross Domestic Product (GDP). These funds are currently operated by statutory contributions under National Social Security Fund (“NSSF”)‚ sponsor-led schemes and individual Retirement Benefit Schemes reference. | These pension funds are established by employers to facilitate and organize the investment of employees’ retirement funds contributed by both the employers and the employees
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PENSION FUNDS A pension plan fund is established for the eventual payment of retirement benefits. A plan sponsor is the entity that establishes the pension plan. A plan sponsor can be: • A private business entity on behalf of its employees‚ called a corporate plan or private plan. • A federal‚ state‚ and local government on behalf of its employees‚ called a public plan. • A union on behalf of its called a Taft-Hartley plan. • An individual‚ called an individually sponsored plan. Two
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INTRODUCTION OF PERSONAL ACCOUNTS‚ THE PRINCIPAL LEGISLATIVE CHANGE WAS THE REFORM OF STATE PENSIONS The reforms being introduced by the Pensions Act 2007 and the Pensions Bill recently presented to parliament represent the biggest transformation in UK pension provision since 1988‚ at the very least‚ and possibly since 1978. The new Act addresses both the increasing cost and the declining value of state pensions. It also prepares the ground for the introduction of personal accounts by the current Bill
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There are different types of penalties for stealing in Illinois especially for minors because they are not dealt with in the criminal justice system‚ but rather through the juvenile system. This means they have their own courts‚ judges‚ prosecutors‚ and rules; however‚ the crime of shoplifting is the same for juveniles as it is for adults. The only main difference is that the juvenile court handles the case. Shoplifting is also known as larceny which divides into grand and petty theft. The difference
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Basic Statistics on Indian Petroleum & Natural Gas 2011-12 MINISTRY OF PETROLEUM & NATURAL GAS GOVERNMENT OF INDIA NEW DELHI (Economic Division) Ministry of Petroleum and Natural Gas Economic Division Preface The “Basic Statistics on Indian Petroleum & Natural Gas‚ 2011-12” is the Seventeenth in a series that was first released in 1996. It is a skeletal forerunner of the detailed annual Statistics Bulletin published regularly after the end of the financial year. Basic Statistics
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CHALLENGES IN PENSION REFORM A RESEARCH PROJECT SUBMITTED TO THE FACULTY OF NATIONAL UNIVERSITY IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF PUBLIC ADMINISTRATION NOVEMBER 2012 By James Michael Sandburg Capstone Project Faculty Advisor Gary Geiler CAPSTONE PROJECT APPROVAL FORM I certify that I have read the Project of James Michael Sandburg entitled Challenges in Pension Reform‚ and that‚ in my opinion‚ it is satisfactory in scope and quality for
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“Tough Guise” In the 1999 film‚ “Tough Guise”‚ anti-violence educator‚ Jackson Katz‚ takes viewers through the penalties of violence‚ media‚ and the crisis in masculinity. He explains masculinity as a “mask” worn by men to shield vulnerability and hide their humanity. This “mask” has taken a lot forms but the one Katz argues to be the most important is what he refers to as the “tough guise”. First I will explain Katz’s analysis and argument about the nature of “tough guise”‚ then the many variables
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Ella Wheeler Illinois It’s late at night and I’m running through the cotton fields of the slave plantation in Kentucky. Day after day I had been forced to endure working at this horrible place. Not anymore because I am going to finally escape. My friends all say that someday things will get better‚ but to me things won’t get better when nobody is willing to try. I am going to be that person who will change the thoughts of other people. Suddenly‚ I hear a shout behind me that brings me to the
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Pension scheme charges Standard Note: Last updated: Author: Section SN 6209 6 September 2012 Djuna Thurley Business and Transport Section Pension scheme charges can be for good quality financial advice and other services that may be a beneficial product feature. However‚ even quite small differences in charges can make a significant difference to the size of an individual’s pension pot at retirement. The issue has taken on added importance with the impending introduction of workplace pension
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