A look at pension-benefits management north of the border
Article Abstract:
In Canada, medical expenses are subsidized by the federal government, retirement savings plans are becoming more attractive to employers, and it is believed that employees may start becoming fully vested in pension benefit programs at two years, rather than ten. Other pension benefit differences between the U.S. and Canada are identified, including the fact that 50 percent of Canadian workers contribute to their pension benefit plans, whereas in the U.S., only 12 percent of the employees is required to contribute to employer-provided pension plans. The Canadians are somewhat behind the U.S. employers when it comes to flexible benefit plans, but most Canadian corporations are making inroads in this area.
Publication Name: Cashflow Magazine
Subject: Business
ISSN: 0196-6227
Year: 1986
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Pension and benefit perspectives: third-party administrator
Article Abstract:
The specialized expertise now required, as a result of recent tax laws and regulations and the severe penalties for noncompliance therewith, to administer pension plans has prompted many companies to seek outside expertise. A third-party administration firm can be hired by the employer to file all necessary government forms and to ensure compliance. An independent third-party administrator makes no investment decisions for its customers, although some can provide trust services. Annual review of the plan should be made to ensure compliance with laws and regulations, and to ensure that the plan continues to meet corporate objectives.
Publication Name: Cashflow Magazine
Subject: Business
ISSN: 0196-6227
Year: 1986
User Contributions:
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Pension and benefit perspectives: policy and strategy
Article Abstract:
The first step in the effective administration of pension funds is to determine how the fund's assets will be allocated among the various sectors of the capital market. Secondly, an investment strategy should be developed for each sector, optimizing the expected risk and return characteristics. Selecting investment managers, establishing guidelines for the coordination and direction of each manager's activities, and evaluating performance of policy, strategy, and managers are critical aspects of pension fund administration.
Publication Name: Cashflow Magazine
Subject: Business
ISSN: 0196-6227
Year: 1986
User Contributions:
Comment about this article or add new information about this topic:
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