The many forces on nonqualified retirement benefits and funding: where are we headed?
Article Abstract:
A number of factors influence the financing and the general outcome of nonqualified retirement benefits. Such factors may include legislative, political and economic conditions, as well as the impact of globalization on the corporate culture. The qualified benefit equalization trust (QBET) was recommended as a financing tool to provide security for nonqualified retirement benefits with the same taxation policy as that of unfunded programs. However, no one supported the proposal. The stock market conditions and inflation rates may also affect the funding of NQRPs.
Publication Name: Benefits Quarterly
Subject: Human resources and labor relations
ISSN: 8756-1263
Year: 1998
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15 years and counting
Article Abstract:
A Congressional Budget Office study stated that majority of the baby boomers are likely to attain higher real incomes in retirement than their parents' generation, provided that real wages will continue to grow, private pensions will remain intact and health care costs will not exceed other gains. This is supported by the fact that both real household income and the ratio of household wealth to income surpasses the average for baby boomers ages 25-44 in 1989 than was for young adults of similar age in 1959 and 1962, respectively.
Publication Name: Benefits Quarterly
Subject: Human resources and labor relations
ISSN: 8756-1263
Year: 1996
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Facing the inevitable: demographics and retirement income
Article Abstract:
Social security systems are affected by changes in demographic patterns and the rate of these changes are crucial to social security policy because it identifies the period over which modifications should be made. A growth in the number of elderly voters will enhance their political power as a voting bloc, thus potentially increasing the benefits of the elderly. The growing elderly population will increase the tax burden of providing benefits to them.
Publication Name: Benefits Quarterly
Subject: Human resources and labor relations
ISSN: 8756-1263
Year: 1996
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