Keogh Limits Climb in 1984 - How Can You Benefit?
Article Abstract:
Congressional action on Keogh plans in 1984 will have a positive impact especially on the owner employee. The aim of Keogh is to equalize pension plans for the self-employed and those for corporate employees. The study analyzes relevant topics such as: the thirty thousand dollar limit, the two hundred thousand dollar ceiling, the defined benefit plan, the top heavy plan and quick vesting choices, non-top-heavy plans and integration with Social Security taxes paid for employees' Old Age, Survivors and Disability Insurance (OASDI). A comparison is drawn between Keogh plans and Individual Retirement Accounts (IRAs), Simplified Employee Pension plans (SEPs), and Subchapter S plans. Owner-employees can benefit by adding another nondeductible ten per cent of earnings to their Keogh plans whether or not they have employees. If they do have workers with Keoghs, the workers have the right to add nondeductible amounts to their accounts. Voluntary contributions are not deductible. The benefit is that earnings on them accumulate tax-free until distribution. Beginning in 1984, the ten per cent penalty on withdrawals before age fifty-nine and a half is repealed.
Publication Name: The Professional Report
Subject: Business, general
ISSN: 0890-9288
Year: 1984
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The Benefit Bonanza
Article Abstract:
A survey showed that employee benefits cost an employer an average of one-third of total payroll dollars. While salaries increased by 115 per cent from 1971-1981, benefits rose over 160 per cent. The largest increase was in the employer's portion of the social security taxes which rose over 200 per cent during that same decade, followed by insurances which rose almost 200 per cent. Some types of industries have very high benefit costs with the petroleum industry, public utilities and chemical industry leading that group; while others such as textile products, wholesale and retail industry, and hospitals at the lower end of the scale do not. Many types of benefits were broken down and analyzed in the survey, some of which include FICA taxes, bonuses, employee education, paid vacations and holidays, and dental insurance.
Publication Name: Nation's Business
Subject: Business, general
ISSN: 0028-047X
Year: 1982
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Labor scheduling using NPV estimates of the marginal benefit of additional labor capacity
Article Abstract:
The New Formulation of the daily and weekly Labor Scheduling Problems (NFDLS) was developed to overcome customer-related weaknesses in the existing Danzig and Keith shift and weekly labor scheduling programs and thereby increase company profits. Tests of the three processes in a simulation of 1,152 service cases showed that the NFDLS outperformed the other two labor scheduling models and was exceedingly more profitable.
Publication Name: Journal of Operations Management
Subject: Business, general
ISSN: 0272-6963
Year: 1995
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