Finally, pension plans defined

Article Abstract:

Retirement plans can be classified as defined benefit plans, defined contribution plans, capital accumulation plans, thrift plans, stock purchase plans, employee stock ownership plans, profit sharing plans, deferred income plans, and hybrid pension plans. Defined benefit plans, which account for 91 percent of all retirement plans, are plans in which the employer promises to provide a benefit upon the employee's retirement. Defined contribution plans are driven by a fixed annual contribution. Capital accumulation plans are usually used to supplement a basic pension plan. Thrift plans, employee stock ownership plans, and profit sharing plans are other examples of capital accumulation plans. Hybrid plans, which account for only 1 percent of all benefit plans, combine fixed benefits and fixed contributions. The accounting treatment, benefits level, funding, risks, rewards and costs of each type of plan are discussed, and definitions for each type of plan are provided.

Finance, Pension funds, Salary reduction savings plans, Retirement income, 401K plans

---

HMOs: another step forward in law and business

Article Abstract:

Health maintenance organizations (HMOs) are generally sound financially, but have not saved employers money in providing health care benefits, with costs rising dramatically along with the degree of HMO participation. Growth in the use of HMOs has been stimulated by the existence of the 1973 Health Maintenance Organization Act, with federal monetary assistance available to HMOs that meet certain structural, service, and organizational requirements. Employers must offer either individual practice associations or group-staff HMOs, and a third option may be required in instances in which over 25 workers are employed in an area not serviced by one of the employer's selected HMOs. Pending federal legislation would eliminate the requirement that employers pay for federally-qualified HMOs at the same level as other sponsored health arrangements.

Laws, regulations and rules, Human resource management, Health maintenance organizations, Preferred provider organizations (Medical care)

---

Diagnose Your Health Benefit Program

Article Abstract:

With rising healthcare costs, employers must find ways to contain or lessen the costs. Ways of modifying the costs of employee benefits are examined. Wellness programs tend to improve employee morale and get employees to take better care of themselves. New modes of health service delivery can be adopted that are less expensive. Managers must constantly assess their health care benefits if they want to find ways of reducing costs.

Similar abstracts:

• Abstracts: A national pension system. Public pension plans in the third millennium. Where have all the good fiduciaries gone?
• Abstracts: Italy: tax, pension and stock-market changes in view of the Euro. The Belgian pension reform law: a comedy of errors?
• Abstracts: Population trends and the labor force in the years ahead. Public policy and pension plan taxation: the implications for plan design and for participants
• Abstracts: Miners on underground hunger strike. Greece. New employment promotion law passed
• Abstracts: The Superannuation Guarantee Levy - revolution in Australian benefits

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.