A flat tax would harm to private pension system
Article Abstract:
Flat tax proposals will negatively affect the private pension system. The replacement of the existing federal individual income tax with a consumption tax, for instance, would give taxpayers access to super individual retirement accounts with no limits on contributions and withdrawals. The implementation of a general business tax would eliminate the tax advantages of benefit plan contributions while eliminating special treatments for employee benefits would eliminate the advantages of employer-sponsored retirement plans.
Publication Name: Pension Management
Subject: Human resources and labor relations
ISSN: 1078-9766
Year: 1996
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Is daily valuation right for your organization?
Article Abstract:
Plan sponsors must consider several factors before employing daily valuation. The organizational culture, business objectives and needs of the employees must first be determined. True fund-share accounting and unit-value accounting are two basic ways to account for participant balances with daily valuation. Unit-value accounting is usually used because accruals are allowed and smoothens out complexities in accounting under daily valuation. Investment education must be communicated properly to participants.
Publication Name: Pension Management
Subject: Human resources and labor relations
ISSN: 1078-9766
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
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