... HR599 Employee Benefits Article review Coca-Cola tries new funding tack. By Bradford, Michael 3/21/2011 Summary of the article (2-3 paragraphs maximum). Why was the article written about the topic at the current time? This should be completed in your own words and talk about the key points of the article. You should not repeat the article in your summary. Coca-Cola the giant beverage company’s risk manager is saying that they came up with a new program, that reinsures certain of their obligation through some insurance company, that will make them gain more power over its pension liabilities. Laurie Solomon, Atlanta-based Coca-Cola’s director of risk management is saying that this new program is their most innovative process they have never came up with. She also said that Coca-Cola Reinsurance Service Ltd, the company’s Dublin-based captive, started to reinsure annuity goods written by another insurer so they can fund pension commitments in Ireland and the United Kingdom. Coca-Cola is planning to expand this brilliant program, we also know that it’s the first of its kind to be recognized in Ireland and Stacy Apter who is a senior global benefits consultant working for Coca-Cola said that it’s the second such program that exist today in this world. A program like that was established by a large energy organization in Europe she is saying too. In this article we learn also that Coca-Cola reinsurances is around $400 million in...
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...ACCT 530 Tax-Advantaged Retirement Plans April 30, 2014 An important part of tax planning includes planning for retirement. There are many different types of plans available, some with immediate tax benefits and others with deferred benefits. Effective retirement planning should begin as early as possible; and continue through the remaining work life expectancy. The ability to save for retirement as well as the timing and risk of investments factor into which retirement plan(s) an individual should utilize. This review will analyze various types of plans and include the prevalence of these plans, as well as the tax savings or cost to the federal government. There are several major sources of retirement income for the retired, including Social Security, employment based pensions and annuities, part-time work, and personal savings and investment. According to the Employee Benefit Research Institute, nearly 90% of all retirees receive some type of benefits from Old Age, Survivors and Disability Insurance (OASDI), or Social Security. This is the largest source of income and accounts for 40% of all income during retirement. These benefits are extremely important for the lower income population, who rely on Social Security for nearly 90% of their income. In fact, 21% of retirees rely solely on these benefits. The highest income population relies more heavily on earnings, with Social Security, pensions, and investments accounting for approximately 20% each of their remaining...
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...PRE-BUDGET REVIEW: AUTUMN STATEMENT 2012 1101 4457 Contents Page 1.0 Introduction 2.0 Three Key Issues 3.0 Key Issue Proposed 4.0 Conclusion 5.0 References 6.0 Bibliography Introduction The purpose of the pre budget review is to draw the attention of investors to the proposed changes to be made to the economy and also be able to make necessary arrangement to adapt to the policy. The 2012 pre budget proposed by the Chancellor is based on three key issues; the Personal Allowance Increase, which is meant for the aging population, an issue which has always been addressed from previous budgets. The purpose of the increase in Annual Investment Allowance is to support small and medium firms to boost production from £25,000 - £250,000 for just a short period of two years. Lastly, the pension savings allowance decrease, which the government aims to use for reducing its budget deficit by a quarter of a million pounds that would be of benefit on the long run. These subjects shall be addressed in details on how it would have an effect on the government, employees, employers, corporations, and pensioners because this change would either affect them positively or negatively. This change would be of benefit to the pension scheme on long terms basis based on the fairness of tax treatment for the basic taxpayers who would benefit £170 while the higher rate tax payers by £42.50, giving an estimate of 23.6 million taxpayers gaining from the reductions...
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...Contributions to 401(k) Retirement Plans. (Pension Research Council Working Paper). Retrieved from http://www.archetype-advisors.com/Images/Archetype/Participation/how%20much%20is%20too%20much.pdf. Gering, J., & Conner, J. (2002). A Strategic Approach to Employee Retention. Healthcare Financial Management, 40-44. Retrieved from http://www.library.armstrong.edu/eres/docs/eres/MHSA7650-1_CROSBY/7650_employee_satisfaction_retention_1.pdf. Kotlikoff, L., Wise, D. (1987). Employee Retirement and a Firm's Pension Plan (Working Paper, 2323). National Bureau of Economic Research. Retrieved from http://www.nber.org/papers/w2323.pdf Milkovich, G. T., Newman, J. M., & Milkovich, C. (2013). Compensation (11th Ed). Burr Ridge, Ill.: Irwin/McGraw-Hill. Wise, D., Stock, J. (1988). Pensions, the Option Value of Work, and Retirement. (Working Paper, 2686). National Bureau of Economic Research. Retrieved from http://www.nber.org/papers/w2686.pdf. Stock, J. H., & Wise, D. A. (1990). The pension inducement to retire: An option value analysis. In Issues in the Economics of Aging (pp. 205-230). University of Chicago Press, 1990. Bodie, Z., Marcus, A. J., & Merton, R. C. (1988). Defined benefit versus defined contribution pension plans: What are the real trade-offs?. In Pensions in the US Economy (pp. 139-162). University of Chicago Press. Choi, J. J., Laibson, D., Madrian, B. C., & Metrick, A. (2002). Defined contribution pensions: Plan rules, participant choices...
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...GASB 68: An Examination of Affects to the Pension Problem Including Stakeholder Interests Private retirement systems are regulated by the Pension Benefit Corporation (Employee Retirement Income Security Act of 1974); state and local governments are not subject to federal regulation but rather voluntarily comply with GASB standards. (Mattrell, 2013) With all the newsworthy stories involving public pensions, analysts were becoming increasingly critical of GASB regulation over the pension systems. When compared to the requirements of the private retirement systems, it was lacking in transparency. Thus, GASB replaced statement 27 with 68. Government entities with a financial period ending June 30, 2015 will be first to experience the implementation of GASB 68. Many feel that GASB 68 is part of the solution for the ever-increasing public pension crisis in the United States but is reporting for the first time ever in most cases a rather large Net Pension Liability (NPL) on the face of the financials going to solve the problem of underfunded pensions. Employees within the public sector generally enjoy a rather generous pension when compared to others but when they are looked at for their sustainability they fail miserably. Chicago retirement system for teachers, fire fighters and others us underfunded by nearly $24 billion, with residents facing potential 150% increase in property taxes. (Birrer, 2014) Public pension systems in the United States are in need of change if they...
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...Article Brief analysis The article focused and stressed on how organizations may be able to invest on their lowest level employee to add-value to the organization and ultimately achieve in building assets in the long-term. The case study article focused on proving the effectiveness of an incentive plan on companies and corporations. In addition, the authors wanted to prove that productivity of an organization will be on the rise. There are several positive outcomes resulted from the Jenkins Bricks company. Employees are working harder, declining turnover rates, productivity rate has significantly increased, and even the organization’s outlook and goals are becoming more prominent and distinctive. In summary, the results and examples of the article case study has cohesively and adequately proven the continuous success factors of an incentive plan may help convincing an industry-wide participation. How do economic incentives, like profit-sharing, really help to build assets? Are these incentives long-term in nature, or short-term? There are several economic incentives that one may choose to invest in either for the long-term or for the short-term. However, certain incentives may involve employer’s contributions or tax breaks. Familiar plans, such as the 401(k) plan, are products of an economic incentive called profit-sharing. Profit-sharing is an important economic incentive and is heavily covered in the Harvard Business Review case study. It is certainly one of the most...
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...paper is to summarize the effects of accuracy and reliability of accrued expenses for financial information provided to users based on academic information. I will evaluate several key factors that are involved in accruing for expenses and how accruals affect a company’s financial statements. Included will be GAAP’s matching principle and FASB guidance on accruals. Other sources examined will from several academic articles. The results indicate that accruing for expenses maintain the matching concept. Accruals help avoid deceptive income statements that could result from the timing of cash payments. Table of Contents Abstract …………………………………………………………………………………...2 Table of Contents …………………………………………………………………………3 Introduction …………………………………………………………………………….....4 Literature Review ………………………………………………………………….. …......5 Locating Financial Misstatements: Where to Look……………………………....5 Accounting for the Costs to treat Environmental Contamination…………………7 Coping with FASB Statement No. 106-- "Accounting for Post-retirement Benefits Other Than Pensions…………………………………………………8 On the Implementation of Accrual Accounting: A Study of Conflict and Ambiguity……………………………………………………………………..8 Depreciation Rules and the Relation between Marginal and Historical Cost…….9 The Role of Accruals in Asymmetrically Timely Gain and Loss Recognition…...9 On Matching Revenue with Expense……………………………………………10 Matching and the Changing Properties of Accounting over the Last 40...
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...Do I Need a Bibliography? A bibliography is not just “works cited.” It is all the relevant material you drew upon to write the paper the reader holds. If you read any articles or books in preparing you paper, you need a bibliography or footnotes. If you cite the arguments of “critics” and “supporters,” even if you don’t name them or quote them directly, you are likely referring to information you read in books or articles as opposed to information you’ve gathered firsthand, like a news reporter, and so you need a bibliography. If you quote sources and put some of the reference information in the text, you still need a bibliography, so that readers can track down the source material for themselves. If you use footnotes to identify the source of your material or the authors of every quote, you DO NOT need a bibliography, UNLESS there are materials to which you do not refer directly (or if you refer to additional sections of the materials you already referenced) that also helped you reach your conclusions. In any event, your footnotes need to follow the formatting guidelines below. How to Write a Bibliography These guidelines follow those of the American Psychological Association and may be slightly different than what you’re used to, but we will stick with them for the sake of consistency. Notice the use of punctuation. Publication titles may be either italicized or underlined, but not both. Books Books are the bibliography format with which you’re probably most...
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...Do I Need a Bibliography? A bibliography is not just “works cited.” It is all the relevant material you drew upon to write the paper the reader holds. If you read any articles or books in preparing you paper, you need a bibliography or footnotes. If you cite the arguments of “critics” and “supporters,” even if you don’t name them or quote them directly, you are likely referring to information you read in books or articles as opposed to information you’ve gathered firsthand, like a news reporter, and so you need a bibliography. If you quote sources and put some of the reference information in the text, you still need a bibliography, so that readers can track down the source material for themselves. If you use footnotes to identify the source of your material or the authors of every quote, you DO NOT need a bibliography, UNLESS there are materials to which you do not refer directly (or if you refer to additional sections of the materials you already referenced) that also helped you reach your conclusions. In any event, your footnotes need to follow the formatting guidelines below. How to Write a Bibliography These guidelines follow those of the American Psychological Association and may be slightly different than what you’re used to, but we will stick with them for the sake of consistency. Notice the use of punctuation. Publication titles may be either italicized or underlined, but not both. Books Books are the bibliography format with which you’re probably most...
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...Policy Research Institute, Ministry of Finance, Japan, Public Policy Review, Vol.8, No.1, June 2012 45 Public Sector Accounting - An Interdisciplinary Field Involving Accounting, Economics, and Jurisprudence 1 Ryosuke Tao Research Fellow, Institute of Administrative Management Abstract Public sector accounting has recently been improved. Currently, there are requirements to disclose stock information in addition to the flow information presented in budget statements or accounts statements. Public sectors have prepared and disclosed their financial statements (including balance sheets and income statements) based on business accounting approaches. Moreover, as a matter of policy, the government tends to prepare and disclose cost information along with the financial statements for the individual ministries and governmental agencies. The objectives of clarifying the fiscal conditions in a state through the preparation and disclosure of financial statements are to fulfill the state’s accountability to its citizenry and market participants and to optimize and enhance the efficiency of its fiscal activities. Most importantly, the improved information should contribute to democratic decisions on public finance. A perspective different from the business accounting is that public sector accounting places more emphasis on inter-generational fairness. With respect to the inter-generational benefits and burdens, however, various factors must be considered, and the differences between...
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...Motivational Individual Organizational Motivation Plan Introduction In the age of globalization, competition and information technology, the organizations are in a serious dilemma; on one hand the management is considering human capital development and on the other hand they are discussing downsizing and outsourcing. However, more and more companies are realizing that outsourcing and downsizing is not the solution; it destroys organizational culture and demotivates the existing workforce. They are recognizing that the key is to develop motivation plan for the existing workforce and turn them into valuable asset for the organization. Motivation is an internal force of human being that manifests itself through people's performance in the organization. Motivational theories work as measuring tools for those manifestations. For example, an important motivational theory is known as motives and needs. One major area of this theory talks about protestant work ethic (PWE), which represents the degree to which individuals place work at or near the center of their lives (Ambrose & Kulik, 1999, p. 3). Research have shown that an individual who scores high in PWE would more likely to visit the company's fitness center (Mudrack, 1992). In this case PWE is the factor that is used to determine the likelihood of someone going to the fitness center. However, it is important to understand that as organizations change, motivational theories also evolve. For example, a popular...
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...Disclaimer Notes to the Annual Report and Accounts This PDF version of the Unilever Annual Report and Accounts 2007 is an exact copy of the document provided to Unilever’s shareholders. Certain sections of the Unilever Annual Report and Accounts 2007 have been audited. Sections that have been audited are set out on pages 69 to 121, 125 to 126, 128 to 130 and 133 to 135. The auditable part of the report of the Remuneration Committee as set out on page 49 has also been audited. The maintenance and integrity of the Unilever website is the responsibility of the Directors; the work carried out by the auditors does not involve consideration of these matters. Accordingly, the auditors accept no responsibility for any changes that may have occurred to the financial statements since they were initially placed on the website. Legislation in the United Kingdom and the Netherlands governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Disclaimer Except where you are a shareholder, this material is provided for information purposes only and is not, in particular, intended to confer any legal rights on you. This Annual Report and Accounts does not constitute an invitation to invest in Unilever shares. Any decisions you make in reliance on this information are solely your responsibility. The information is given as of the dates specified, is not updated, and any forward-looking statements are made subject to the reservations...
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...government-owned enterprises and others. They were targeted towards a generation who believed and adhered to the concept of lifelong employment. However, as the economy grew, people became mobile and new employment avenues opened. HR managers started developing newer employee benefits to attract and retain employees. A few of the employee benefits that are commonly offered in India are listed below:1 1. Retirement programmes a. Employees’ Provident Fund – A statutory, hybrid, interest guarantee retirement plan administered and supervised by a government entity called the Employees’ Provident Fund Organization (EPFO). The defined contribution portion of the plan allows for employee and employer contributions. Employees contribute up to 12% of basic salary with an option of paying an additional 12% contribution. Employers also pay 12% of basic salary, out of which 8.33% is used to fund the pension portion of the provident fund, called the Employee Pension Scheme. The remaining 3.67% is deposited into the employee’s Provident Fund account. Interest is credited at a rate that is announced by EPFO each year in consultation with the government. Employers pay an additional 1.61% to EPFO partly as an administration charge and partly to buy life insurance for the employees. The general view of the...
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...[MB1.437] FINA 411/2C Wednesdays 11:45 - 14:30 [MB5.255] Office Hours: Mondays and Wednesdays 15:30 -- 16:30 [Please e-mail me first to confirm] and by appointment COURSE DESCRIPTION: This course focuses on modern investment theory and its application to the management of entire portfolios. It will consist of lectures, discussions of cases and articles, and video presentations. Topics include: a) construction of optimal asset portfolios using techniques such as the single index model, b) extensions of the capital asset pricing model: theory and tests; example, the zero-beta model, c) criteria for evaluation of investment performance, d) active vs. passive portfolio management, e) investment strategies. The Formula Growth Investment Centre Lab will be used to demonstrate the use of specialized investment software. Computer exercises are assigned to illustrate the application of the theory. Prerequisites: FINA 380 or 385; FINA 390 or 395. LEARNING OBJECTIVES To understand the theory and practice of Portfolio Management for Individuals and Institutions, e.g. Endowments, Mutual Funds, Pension Plans, etc. To learn about the key Asset Pricing Models. REQUIRED: Text: Bodie, Zvi, Alex Kane, Allan J. Marcus, Stylianos Perrakis, Peter J. Ryan and Lorne Switzer, Investments, 8th Canadian edition, McGraw-Hill, 2014 [BKMPRS] Text website: http://highered.mcgraw-hill.com/sites/0070071705/student_view0/index.html FINA 411 Cases...
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...Toggle SGML Header (+) Section 1: 10-K (10-K) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 1, 2014. OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-303 THE KROGER CO. (Exact name of registrant as specified in its charter) Ohio (State or Other Jurisdiction of Incorporation or Organization) 1014 Vine Street, Cincinnati, OH (Address of Principal Executive Offices) Registrant’s telephone number, including area code (513) 762-4000 Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered 31-0345740 (I.R.S. Employer Identification No.) 45202 (Zip Code) Common Stock $1 par value NONE (Title of class) New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. No Yes Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding...
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