Italy: the supplementary pension fund law is finally complete
Article Abstract:
The Italian government has approved a new pension fund law to serve as a mechanism for both employees and employers to cope with benefit deficiencies on July 1997. The 124/93 Law, which was passed on April 93, contains new pension regulations including the division of pension funds into 'open' and 'closed' classes, a taxation treatment for payments made to and from a pension fund, and the creation of a new regulatory authority to oversee old and new pension funds. Law 335/95 was passed in August 1995 to make up for the inadequacies of Law 124/93.
Publication Name: Benefits & Compensation International
Subject: Human resources and labor relations
ISSN: 0268-764X
Year: 1997
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Eastern Europe: how supplementary retirement provision fits into the new philosophy
Article Abstract:
Eastern European countries such as the Czech Republic and Hungary have decided to privatize their state pension systems to ensure financing and wider participation for these schemes. Both countries have passed laws allowing the establishment of supplementary pension institutions to augment the basic pension system available from the state. Mutual funds have been created that are not dependent on state finance but whose benefits are also taxable.
Publication Name: Benefits & Compensation International
Subject: Human resources and labor relations
ISSN: 0268-764X
Year: 1996
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Coping with local taxation limits on retirement savings
Article Abstract:
Multinational firms use a number of methods to deal with countries' often differing limits on tax-assistance of retirement savings. The policies governing limits on retirement savings in the UK, the US, France and Canada are analyzed. Canada is especially problematic since government support of retirement income is low. The tax policy is attributable to the desire of governments to increase short-term tax income.
Publication Name: Benefits & Compensation International
Subject: Human resources and labor relations
ISSN: 0268-764X
Year: 1995
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