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37 relations: Actuarial science, Actuary, Ageing, Bradford P. Campbell, Bureau of Labor Statistics, Cash balance plan, Citibank, Consumer Price Index (United Kingdom), Defined contribution plan, Denmark, Dependency ratio, Earnings, Employee Benefits Security Administration, Employee Retirement Income Security Act of 1974, Federal Insurance Contributions Act tax, Formula, Goodyear Tire and Rubber Company, Government, Internal Revenue Service, Investment, New York Life Insurance Company, OECD, Payroll tax, Pension, Pension Benefit Guaranty Corporation, Pensioner, Pensions crisis, Pensions in the United Kingdom, Phyllis Borzi, Retail price index, Retirement, Social Security (United States), Superannuation in Australia, Tax, United Kingdom, United States, United States Department of Labor.
Actuarial science
Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, finance and other industries and professions.
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Actuary
An actuary is a business professional who deals with the measurement and management of risk and uncertainty.
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Ageing
Ageing or aging (see spelling differences) is the process of becoming older.
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Bradford P. Campbell
Bradford P. Campbell was the Assistant Secretary for Employee Benefits Security of the United States Department of Labor (DOL), the official in charge of the Employee Benefits Security Administration (EBSA).
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Bureau of Labor Statistics
The Bureau of Labor Statistics (BLS) is a unit of the United States Department of Labor.
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Cash balance plan
A cash balance plan is a defined benefit retirement plan that maintains hypothetical individual employee accounts like a defined contribution plan.
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Citibank
Citibank is the consumer division of financial services multinational Citigroup.
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Consumer Price Index (United Kingdom)
The Consumer Price Index (CPI) is the official measure of inflation of consumer prices of the United Kingdom.
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Defined contribution plan
A defined contribution (DC) plan is a type of retirement plan in which the employer, employee or both make contributions on a regular basis.
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Denmark
Denmark (Danmark), officially the Kingdom of Denmark,Kongeriget Danmark,.
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Dependency ratio
In economics, geography, demography and sociology, the dependency ratio is an age-population ratio of those typically not in the labor force (the dependent part ages 0 to 14 and 65+) and those typically in the labor force (the productive part ages 15 to 64).
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Earnings
Earnings are the net benefits of a corporation's operation.
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Employee Benefits Security Administration
The Employee Benefits Security Administration (EBSA) is an agency of the United States Department of Labor responsible for administering, regulating and enforcing the provisions of Title I of the Employee Retirement Income Security Act of 1974 (ERISA).
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Employee Retirement Income Security Act of 1974
The Employee Retirement Income Security Act of 1974 (ERISA) (codified in part at) is a federal United States tax and labor law that establishes minimum standards for pension plans in private industry.
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Federal Insurance Contributions Act tax
The Federal Insurance Contributions Act (FICA) is a United States federal payroll (or employment) contribution directed towards both employees and employers to fund Social Security and Medicare—federal programs that provide benefits for retirees, disabled people, and children of deceased workers.
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Formula
In science, a formula is a concise way of expressing information symbolically, as in a mathematical formula or a chemical formula.
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Goodyear Tire and Rubber Company
The Goodyear Tire & Rubber Company is an American multinational tire manufacturing company founded in 1898 by Frank Seiberling and based in Akron, Ohio.
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Government
A government is the system or group of people governing an organized community, often a state.
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Internal Revenue Service
The Internal Revenue Service (IRS) is the revenue service of the United States federal government.
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Investment
In general, to invest is to allocate money (or sometimes another resource, such as time) in the expectation of some benefit in the future – for example, investment in durable goods, in real estate by the service industry, in factories for manufacturing, in product development, and in research and development.
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New York Life Insurance Company
New York Life Insurance Company (NYLIC) is the third-largest life insurance company in the United States and one of the largest life insurers in the world, ranking #65 on the 2017 Fortune 500 list, with about $570 billion in total assets under management, and more than $25 billion in surplus and AVR.
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OECD
The Organisation for Economic Co-operation and Development (OECD; Organisation de coopération et de développement économiques, OCDE) is an intergovernmental economic organisation with 35 member countries, founded in 1961 to stimulate economic progress and world trade.
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Payroll tax
Payroll taxes are taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff.
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Pension
A pension is a fund into which a sum of money is added during an employee's employment years, and from which payments are drawn to support the person's retirement from work in the form of periodic payments.
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Pension Benefit Guaranty Corporation
The Pension Benefit Guaranty Corporation (PBGC) is an agency of the United States government that was created by the Employee Retirement Income Security Act of 1974 (ERISA) to encourage the continuation and maintenance of voluntary private defined benefit pension plans, provide timely and uninterrupted payment of pension benefits, and keep pension insurance premiums at the lowest level necessary to carry out its operations.
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Pensioner
A pensioner is a person who collects a pension, most commonly because of retirement from the workforce.
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Pensions crisis
The pensions crisis or pensions timebomb is the predicted difficulty in paying for corporate, state, and federal pensions in the world, due to a difference between pension obligations and the resources set aside to fund them.
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Pensions in the United Kingdom
Pensions in the United Kingdom fall into three major divisions and 7 sub-divisions, including both defined-benefit and defined-contribution.
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Phyllis Borzi
Phyllis C. Borzi was the Obama administration's Assistant Secretary for Employee Benefits Security of the United States Department of Labor, the official in charge of the Employee Benefits Security Administration.
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Retail price index
In the United Kingdom, the retail prices index or retail price index (RPI) is a measure of inflation published monthly by the Office for National Statistics.
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Retirement
Retirement is the withdrawal from one's position or occupation or from one's active working life.
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Social Security (United States)
In the United States, Social Security is the commonly used term for the federal Old-Age, Survivors, and Disability Insurance (OASDI) program and is administered by the Social Security Administration.
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Superannuation in Australia
Superannuation in Australia is the arrangements put in place by the Government of Australia to assist people in Australia to accumulate money for an income in retirement.
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Tax
A tax (from the Latin taxo) is a mandatory financial charge or some other type of levy imposed upon a taxpayer (an individual or other legal entity) by a governmental organization in order to fund various public expenditures.
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United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain,Usage is mixed with some organisations, including the and preferring to use Britain as shorthand for Great Britain is a sovereign country in western Europe.
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United States
The United States of America (USA), commonly known as the United States (U.S.) or America, is a federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.
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United States Department of Labor
The United States Department of Labor (DOL) is a cabinet-level department of the U.S. federal government responsible for occupational safety, wage and hour standards, unemployment insurance benefits, reemployment services, and some economic statistics; many U.S. states also have such departments.
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References
[1] https://en.wikipedia.org/wiki/Defined_benefit_pension_plan
