Protecting your retirement nest egg
Article Abstract:
Options related to the receipt of pension benefits upon retirement are discussed, including: lump-sum receipt versus annuity payments, single annuities versus joint and survivor annuities (which are lower than single annuities), purchasing of single-premium life insurance policies, rolling over lump-sum pension benefits received into individual retirement accounts (IRAs), five-year forward averaging of lump-sum receipts, ten-year forward averaging of lump-sum receipts, and splitting lump-sum receipts between forward averaging and capital gains taxes (payable immediately upon receipt). No single alternative is best for all cases, but knowledge of the alternatives available can assist retirees in making informed choices.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1987
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Fitness programs: hefty expense or wise investment?
Article Abstract:
Employee fitness and wellness programs help companies reduce absenteeism, sickness, and turnover rates. The programs have been developed in response to the rising healthcare costs, but the programs are not inexpensive. Results are hard to measure concretely, but some recent reports are beginning to show that companies are achieving their goals with the programs. Reported benefits include higher employee morale. One health survey reveals that smokers have 25% higher health care costs, and 114% longer hospital stays than nonsmoking employees. Key aspects of a positive fitness program are: an experienced, motivated instructor; varied exercises and work-out options; and a well-designed fitness center.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1989
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COBRA strikes business in the jugular
Article Abstract:
Congress recently approved a technical corrections bill revising penalities under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA). The bill calls for a daily $100 employer excise tax for every day an employer fails to extend health care benefits to beneficiaries. COBRA was originally passed to reduce the number of uninsured people in the US by requiring employers to offer group health care plans to former employees. This new penalty, as well as other hidden costs, make COBRA an expensive program for employers. Employers also have questions about unclear compliance requirements.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1989
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