State Compensation Insurance Fund

include: “stressing human interdependence and importance of a collective, regardless of the size” and “emphasizing group goals and the common good over individuals and individual gains”. The source discusses the need to take care of each other and states “If one suffers, everybody suffers”. The authors perspective aligns itself with the beliefs of the philosopher,…

This day marks a very significant day in US history. Mr. President Roosevelt has signed the social security act. This has occurred only 14 months after sending a message to Congress on June 8. The message promised a plan. The plan made social insurance so it could act as a “guard” against the hazards and vicissitudes of life." This is an attempt to eliminate what is now a days seen as dangers in the American life, including old age, poverty, unemployment, and the burdens on widows and fatherless…

neighborhood banks. To guarantee this, FDR turned to the radio, and in the first of his numerous "fireside talks,” persuaded the American individuals the emergency was over and that their stores upheld by the recently settled the FDIC or Federal Deposit Insurance Corporation, were safe. Other implications…

fell to approximately 4,340 in 2009. “A historical case that showcase how unsafe environments could become fatal is that of the 146 workers who died in the Triangle Shirtwaist factory on March 25, in New York City and lead to the 1914 workman’s compensation act…

1. The gross estate is the value of an individual’s estate before taxes and debts are deducted. Assets used to calculate the gross estate include bank accounts, investment accounts, stocks and bonds, personal effects, vehicles, life insurance, retirement accounts, and real estate. The taxable estate is the value of the assets that are taxable (the gross estate) minus liabilities and any tax deductible assets. 2. An Inherited IRA is a way to “stretch” the benefits of an IRA. To take advantage of…

Some major programs like strengthening third party liability for Medicaid, reducing unemployment insurance over-collections, restricting access to the Death Master File and improper payments were exempt with purpose of reducing waste, fraud and abuse. By a special provision in the Budget Control Act (BCA), Medicare spending rates were reduced by a fixed 2% per year versus the other, domestic percents planned for the sequester (Sec.101). Although the budget resolution was proposed by Senate, the…

(Schroeder, Clark, & Cathey, "Pensions and Other Postretirement Benefits," 2011). APB Opinion No. 8 states that there are some basic problems with the accounting for the defined benefit pension plan. The problems identified are: “1. Measuring the total amount of cost associated with a pension plan, 2. Allocating the total pension costs to the proper accounting periods, 3. Providing the cash to fund the pension plan, and 4. Disclosing the significant aspects of the pension plan on the…

In late 2007 until mid-2009 there was the Great Recession. This Recession was the longest Recession since World War II. Some of the most notable impacts of the recession are that the Gross Domestic Product (GDP) dropped 4.3 percent, the unemployment rate was the highest at 10 in October 2009 (2). The Recession had not only effected the GDP and the unemployment rate, it had also effected the S&P 500 which had dropped almost sixty percent from its high in 2007 until March of 2009. As the financial…

During the year 2008, US faced its most severe financial crisis since the Great Depression. The federal funds rate, and interest rates in general, were at historic lows, unemployment shot up, decline in savings, U.S subprime markets or loans granted to individuals with poor credit histories, helped the US economic system crash. (Battilossi 14) The extremely low mortgage rates were really important, because they motivated people to rush to buy real estate. Even people who ordinarily would never…

elementary counselor staffing by 2.0 FTE positions. The proposal originates from the district’s K-12 counseling program review. The budget proposal also included increasing the M & O to support an increase to employee compensation, and begin to replenish the district insurance fund. Dr. Kamerzell also reported on the district’s 10-year enrollment history. This year there was an increase in resident enrollment, fifty-eight and a half percent (58.5%) of district students live within the boundaries…