Pension

Amie, I am offering these changes in some trepidation because of your experience in this area and my inexperience, so please forgive me if any suggested changes are out of line or seem presumptious. I tried to pin Bill down on details (not an easy task) so there would be no room for argument about the events. He did not know whether to feel better or worse when he realized that it is highly probable the OTRS representative he spoke to in that first meeting was Dixie Moody—at any rate, she is…

Canadian provinces have jurisdiction in a number of areas, including employment. Employment regulations are a shared federal and provincial responsibility. The majority of workers—up to 90 percent of them—are covered by provincial, rather than federal, law. As a result, payroll regulations and employment standards vary as you move across the country. Perhaps the most unique province is Quebec. Of course, the gulf between Quebec and the rest of Canada can mean confusion when it comes to payroll…

SUPREME APPLIANCES POLICIES AND PROCEDURES Personnel Absences The following types of employee absences constitute permissible absence from duty under the conditions described; an excused absence is not applicable to supplemental employment or part-time work unless expressly provided in this document. Sick Leave Benefit Accrual. Sick leave benefits shall accrue to full-time employees from the first day of employment at a rate of one day per month of the employment year. No sick leave…

Maverick is a typical male American living the ever-so-appealing American Dream. He has a good job, a lovely wife, two beautiful children, a German Sheppard dog, a cookie cutter house, and a white picket fence. He makes a decent living with a good amount of extra cash to splurge with. He is able to provide his family with many of the better things in life, including restaurant dinners and vacations to the beach or to Disney World. Maverick is undoubtedly an intelligent man, however, he has a…

Every organization consist of people and the stakeholders of the company that will set the tone. Within each company there are those that will play out the management functions and those that will perform the functions. Employees can be considered the backbone of the company and either can make or break the company’s success. Organization behavior “is the field of study that investigates the impact that individuals, groups and structure have on behavior within organizations, for the purpose of…

The Robinson’s are a married couple that is planning of retiring in four years. Their taxable investment portfolio is invested 25% equity and 75% fixed income. They have not participated in any defined contribution plan and neither is eligible for a defined benefit plan. The Robinsons have a combined after-tax salary of $100,000. The couple has been able to meet expenses and keep up their home; however, they have not been able to travel to any extent. The Robinsons desire to maintain their…

Social Security is one of the biggest domestic federals programs that is funded by the largest tax paid by most workers, the largest source of income for most retirees, and is relied by the most vulnerable people of society. The program is designed to provide benefits towards the elderly, disabled, and to families with eligible workers, who have died. Unfortunately, the program is financially unstable for the upcoming decades to come. Specifically, according to a news article by, National…

The most prominent form of ageism in the senior citizen’s life is the injustices in the health care system. Senior citizens reported that they are more likely to report ageism in their daily lives than racism or sexism (Marshall 2007, p. 258). Social Security and Medicare are two of the most attacked programs in the governmental budget, never physically altered because senior benefits are the third-rail of the budget (Campbell 2003, p. 32-33). The third-rail is the electrified rail of train…

The Expansion of Corporate-owned Life Insurance What are they? Corporate-owned life insurance (COLI) has been increasing common among companies, infamously earning the nickname “dead peasant insurance” along the way. In this case, employers, usually of large companies, take out life insurance policies on low-level employees and receive payments in the circumstance that the employee dies. They originated when companies engaged in insuring high-level employees. For such positions, turnover is…

Problem I am 25, and I look to retire at 65. I have $200,000 already nestled into a Roth IRA (so taxes are not a necessary consideration upon withdrawal); and I need to find the optimal way to build an investment portfolio in order to achieve my goal of retirement. My job’s income is slightly above average at $80,000 per year, and is not completely used to sustain my day-to-day living until retirement, so extra savings will be an accommodation. I am only allowed to contribute $5,500 a year to…