Laws Governing the National pension scheme in Ghana The National Pensions Act 2008 is the prevailing law governing the pension scheme in Ghana. This law was passed to provide for pension reform to replace the then cap 30 and SSNIT law (Social Security and National insurance trust Law) which used to be the Law governing the pension scheme. The National Pensions Act, 2008 was to introduce a contributory new three-tier pension scheme. The Act state that the first tier provides a mandatory basic national
Words: 396 - Pages: 2
DOI: 10.5923/j.ijfa.20130207.04 Role of Pension Funds in Financial Intermediation Ondabu Ibrahim Tirimba Finance and Economics Department, PhD Candidate Jomo Kenyatta University of Agriculture and Technology, Nairobi, Kenya Abstract This paper aimed at discussing the various roles that pensions play in financial intermediat ion. Descriptive research design was adopted with the population being all the available literature on the online web as pertaining pension funds and also financial intermed iation
Words: 6254 - Pages: 26
“Aging Europe and the looming pension crisis.” 1. Why have governments tended to avoid the problem of pension reform? Why is it harder to avoid the problem in the 21st century? How the demographic changes have created problems for pensions? Governments are worried about the sustainability of current pension schemes as changes in demographics are indicating that these schemes will not be able to sustain themselves in a few years time. Fertility rates heavily increased in the post World War
Words: 3299 - Pages: 14
This case describes a decision facing the officers of the Solidarity Fund, a large pension fund operated by the Quebec Federation of Labor (QFL). The QFL had founded the Fund to provide members of its affiliated unions and others access to professionally managed retirement accounts. It also sought to create job growth in the province of Quebec and to support companies with good working conditions, positive relations with local communities, and a commitment to environmental responsibility. The dilemma
Words: 1226 - Pages: 5
How successful were the social reforms introduced by the Liberal’s in years 1906 to 1914 in improving the lives of the British people? Britain in the early 1900s faced a multitude of problems from poverty. Reports from Booth and Rowntree highlighted the extent of the problem so when the liberals came to power in 1906, they embarked on a series of wide-ranging welfare reforms that were designed to lift the most vulnerable members of society – the sick and infirm, children and the elderly – out of
Words: 1252 - Pages: 6
factory location selection by considering such factors as minimum wage, employment insurance, government pension plan and other taxes which will be discussed later in this report. Location that offers lower cost always attracts more companies and investors. And in this report, Bloomington will be more attractive to company since it offers lower minimum wage and employment insurance, pension contribution and other taxes. After calculating the total cost to open new plant in Bloomington and Toronto
Words: 1026 - Pages: 5
Research for Pension Funds and the purpose of this manual 5 2 Corporate governance in practice in the Netherlands 7 3 Basic principles of corporate governance 11 4 Corporate governance and performance 14 5 Institutional investors and corporate governance 16 6 Formulation of a voting policy 19 7 2 The exercise of voting rights 23 8 Reporting on the implementation of the voting policy and voting behaviour 26 9 Pension fund governance
Words: 12983 - Pages: 52
Singapore was a developing nation and life expectancy was on the rise. People were struggling to get by. Consequently, the British introduced in 1955, the Central Provident Fund (CPF), a social security savings scheme as an alternative to a state pension scheme. The CPF has evolved significantly since its humble beginnings more than half a century ago. With multiple modifications over the years, citizens now can use their CPF savings to purchase public and private housing, pay for medical expenses
Words: 1521 - Pages: 7
Glass, Lewis & Co. was founded in 2003 and is considered to be one the largest proxy advisory firms in the world. Its HQ is based in California yet it is a wholly owned subsidiary of the Ontario Teachers’ Pension Plan Board, one of Canada’s largest pension systems. Glass Lewis currently maintains approximately 37% of the market share for proxy advisory services. Glass Lewis provides services to shareholders to research and provide analysis proposals being put up for a vote. These votes analyzed
Words: 309 - Pages: 2
1.Recent Developments in the Implementation of Abenomics 2.What are ‘three arrows of Abenomics’? 3.Fundamental Principles of the Third Arrow and its Strategies for the Future 4.Examples of Individual Measures of the Third Arrow 5.Heading toward… Appendix: Improvement in Economic Conditions Primary economic indicators P3 P21 P26 P29 P50 P53 2 3 What’s New on ‘Abenomics’ Revision of the Japan Revitalization Strategy (P5-20) To realize sustainable economic growth from the positive economic momentum
Words: 14187 - Pages: 57
