Offshore funding from a European perspective
Article Abstract:
There are several instances when offshore funding of pension plans by European employers are appropriate. These include providing pension benefits for expatriate or mobile employees, personnel in offshore locations, and employees in countries with underdeveloped taxation and regulatory regimes. Offshore funding involves the use of such investment vehicles as trust funds, captive insurers and commercial insurers' contracts. Attitudes to offshore funding in Belgium, France, Germany, Sweden and the UK are discussed.
Publication Name: Benefits & Compensation International
Subject: Human resources and labor relations
ISSN: 0268-764X
Year: 1996
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Insolvency guarantees for pension liabilities
Article Abstract:
Corporate acquisitions, mergers and insolvencies affect pension benefits of employees, making insurance for pension liabilities necessary. Different forms of pension liability insurance are in effect worldwide and those of Finland, Sweden, Germany, US, Japan and the UK are described. The funding of pension liabilities in these countries are also discussed. In the US, the Pension Benefit Guaranty Corp offers two insurance programs for defined benefit plans. These are the single-employer and multi-employer plans.
Publication Name: Benefits & Compensation International
Subject: Human resources and labor relations
ISSN: 0268-764X
Year: 1992
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Social security in Europe: the only certainty is change
Article Abstract:
Many European countries are seeking to arrest escalating social security costs to meet the EU's Maastricht requirements for a single currency. These nations, which include Austria, Denmark, Switzerland and France, are transferring a large share of the benefit liability from governments to private corporations. Hence, employers are forced to find ways to reduce overhead costs to provide social security benefits to their employees.
Publication Name: Benefits & Compensation International
Subject: Human resources and labor relations
ISSN: 0268-764X
Year: 1996
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