Several years ago Argentina nationalized the private pension plans of its populace, and recently Cyprus has been talking about taking similar action.
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But private pension plans (overseen by the Financial Accounting Standards Board) may not set a liability discount rate based on anticipated asset performance.
The number of private pension plans fell by 75% over the past two decades to 31, 000 and now cover a mere 20% of workers.
The reluctance to save enough in private pension plans is widespread.
He wants to increase Social Security payments to make up for the destruction of private pension plans and expand Medicare with the goal of arriving, eventually, at single-payer health care.
The primary objective of this campaign is to call on America's public and private pension plans, college endowments and individual investors to divest themselves of all publicly traded companies that operate in terrorist-sponsoring states.
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Because the Pension Benefit Guaranty Corporation (PBGC), a federal agency tasked with insuring private pension plans, has long encouraged large companies to delay needed changes to their retirement plans in order to bring labor costs under control.
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If such plans did not exist, who would pick up the tab for those baby boomers looking to retire soon, especially considering that private pension plans are going away, Social Security is nearly insolvent, and public pension plans are severely underfunded and mismanaged by state and municipal governments?
As the Divest Terror initiative makes clear, all Americans can play an important role in this fight by insisting that their public and private pension plans, college endowments, individual retirement account managers, 401(k) plans, and other investment vehicles are divested of any publicly traded companies that do business with regimes that sponsor terror.
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Sovereign-wealth funds, pension plans, and private-equity players have been making enquiries about industrial real estate in China, attracted by the heady growth in the e-commerce industry, consultants and developers said.
This means that the private investors, which the US hopes will include private equity, individual investors, pension plans and insurance companies, will shoulder relatively little risk, with 93% borne by the government.
Pension plans, both public and private, invest the money that has been put away with the expectation that it will pay a sufficient return so that the engineer can retire and live another 20 or 30 years without having to work.
Another concern is whether the government's involvement will actually spur banks and private investor groups -- such as hedge funds, pension plans and insurance companies -- to participate.
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If approved by bankruptcy court, the airline would turn over its defined benefit pension plans to the Pension Benefit Guaranty Corporation (PBGC), a federally chartered agency that insures private sector pensions.
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The IRS is proposing new rules that might be construed to say that charter school teachers are private employees, meaning they could no longer participate in government pension plans.
And when the Fed helps private money hoarders drive down yields on bonds, it forces pension plans and retail investors alike to buy riskier assets to maintain their rate of return.
The problem that all pension plans are now facing, not just public ones but private ones as well, is that the stock market has been flat for over ten years.
Pension Benefit Guaranty Corp. statistics show that the number of private sector defined benefit plans in the U.S. has plunged to 30, 000 from 112, 000 since 1985.
While he does not strictly need to get the Bundesrat's approval for the main elements of the pension plans, the chancellor does need its consent for his proposed tax incentives to encourage contributions to supplementary private pensions.
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