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noneChen, Hsin-chung 29 July 2004 (has links)
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The study of Taiwanese Labor Insurance Pension SystemChuang, Shu-Hung 23 August 2011 (has links)
There are two labor insurance pension systems running in Taiwan at this moment in time; the labor insurance pension runs by the government, and the labor standards law pension system both old and new systems are the responsibility of the private companies. The labor insurance pension was introduced in 1950. Through the years due to the population ageing; people are living longer and having fewer children, the rapid changes of economy and etc. the original lump sum pension is no longer enough to sustain a standard of living for the worker-retirees. Moreover, the rate of the labor turnover is high for the reason that the majority of Taiwanese private companies are small to medium enterprises with the average life expectancy of around 13 years only. Therefore most of the workers who work for the private companies are not qualified to claim pensions after their retirements although they are covered by the labor standards law pension scheme. The pension provision intends to prevent poverty in old age but under this circumstance those retirees are not having their financial security in the old age and are creating social issues. To reinstate this issue, the labor insurance pension system has carried out by the government in January 2009, after a major update of the labor standards law pension system in July 2005, the method of repayment has changed from the defined benefit plan to the defined contribution plan in addition to allowing the qualifying years carry forward to the new employers when the workers change jobs. Furthermore, the pension repayment is revolutionized from a single lump sum payment to an individual retirement account system complemented by monthly repayments. All of these changes are to secure the worker-retirees financially in their old age.
The objectives of this study disclose the transformations of the labor retirement insurance pension systems in Taiwan and the existing modification of the Labor Insurance Act, the benefits of the Labor Standards Act pension system along with the revised Labor Pension Act. A few important factors below have been concluded in this study after analysed the revise of pension benefits systems: First of all, the repayment has changed from a single lump sum payment to monthly repayments. Secondly, the method of repayment has changed from the defined benefit plan to the defined contribution plan. Finally is to determine who are safeguarded? The protection of the social insurance is not only for the small specific groups of people but the majority of individuals. As a result, nowadays the labor pension benefits systems in Taiwan have achieved the task of securing a standard living for the retired workers. The concept of this study is to learn the affect of the changing of the economic climate and increased life expectancy on the possible forthcoming pension¡¦s crisis followed by constructive proposals to anticipate the existing labor insurance pension systems meet the needs of the worker-retirees and achieve the objectives of sustainable management of the pension systems and maintain a secured society in Taiwan.
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Rights of ownership in the United States as identified through defined benefit plan conversionBurke, Richard 01 May 2012 (has links)
Employer provided Qualified Plans ("Qualified Plans") are the most efficient supplement to Social Security savings and benefits. Given the significance of the benefits provided as well as the short-term Revenue constraints upon the Federal government in the form of substantially protracted tax deferrals, Qualified Plan legislation should maintain a conservative disposition. Incremental legislative action in the right direction will steadily graduate ERISA to its intended purpose. Unfortunately ERISA is a convoluted maze of formalities, definitions, and regulation that are only substantially understood by an expert and have yet to be adequately explained to the public at large. Recent publications such as Retirement Heist rouse the public's consciousness of retirement Plans by enumerating perceived abuses by large corporations. These alleged abuses certainly reflect innovative manipulations within the constraints of Qualified Plans. However, my thesis will prove that these "abuses" reflect the United States' disposition toward the rights of proprietorship regarding the Qualified Plan. The intent of the thesis is to illustrate this disposition through a study of the Amara v. Cigna Corp. case as well as a review of an actual LLC's defined benefit plan conversion to a cash balance plan. I will compare and contrast the different approaches taken by these two employers and justify the varied success they each experienced in converting their plans. Through this process, the thesis shall draw conclusions on the United States' dispositions toward ownership of the qualified plan.
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企業年金的研究_IBM公司個案研究 / A study of corporate pensions:A case of IBM corporation黃瓊瑤, Huang, Chiung Yao Unknown Date (has links)
Due to the combined impact of global population aging, increased life expectancy, fertility decline, and changing family structures, a growing segment of the population facing retirement is in danger of poverty and economic insecurity. As a result of their advanced age many elderly have lost their ability to earn an income, causing some to be penniless the rest of their lives. Therefore, the purpose of a government or a private run pension system is to provide a mechanism using financial tools to protect the entire structure for old age economic security.
This paper not only introduces the philosophy and basic concept of a general pension system, but also examines a United States model, providing a closer look at a major developed industrial country’s national social security program, and corporate pension system. It also describes the experience of reforms on the development process of the United States retirement pension system. This paper studies the various corporate pension schemes in the United States and their possible application as models to countries such as Taiwan. In focusing on the United States corporate pension system in private sector, legal and economic issues are scrutinized. Theories which related to the pension system are first analyzed; then the definitions of the various retirement plans are given. The history of private pension schemes of the United States is told, starting with the American Express, then crude railroad retirement plans to the post-war demand to current United States retirement plans. Analysis of the changes in private sector's pension plan participation for defined benefits and defined contribution plans are examined in light of the impact these changes have made upon retirement income resources.
Focus on the IBM Corporation is made as an example of a private sector business in the United States, and this study tracks the evolution of the company’s pension schemes from defined benefit pension plans to the newer hybrid cash balance pension plans and the now-popular defined contribution 401(k) pension plans. Findings show that the United States corporate pension system is not feasible as a model at this time because of its many deficiencies in its laws and regulations, and also because of the currently shaky global economy. Suggestions and possible remedies are given on how to strengthen the corporate retirement pension system in United States.
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政府在勞工退休金計劃管制中角色扮演之探討郭俊甫, Kuo Chin-fu Unknown Date (has links)
摘要
傳統由家庭負責的老年經濟安全在老年人口日益增加,子女數目的減少及產業結構改變的衝擊下已漸漸的暴露出問題的嚴重性。其責任也漸漸地由家庭轉移到整體社會。世界各國政府多將如何確保老年經濟安全列為主要的施政內容,我國自然也不例外。證諸已開發國家的實際情況,大多以多層次的年金體系(multi-tier pension system)提供老年經濟安全完整的保障。近年來也有多位學者發表文章以探討如何利用這種多層次的年金架構達成各種社會及經濟目標。
就我國現行的狀況來看,即將開辦的國民年金由於給付水準偏低,只能對老年生活提供基本的保障,且由於計劃成員包含了全體國民,所規定的內容與給付的年金無法完全滿足個別成員的不同偏好,對採行確定給付制的公共計劃來說,由於給付與提撥之間並沒有明確關聯,若提撥率太高的話,對勞動誘因與產出將會有不利影響,再加上政府財政負擔與政治力干預的考量,在在都顯示出了職業退休金制度在老年生活保障上的不可或缺性。
相對於基礎年金計劃,政府對職業退休金計劃的介入程度通常較淺。政府通常藉著租稅優惠鼓勵企業提供,員工參與退休金計劃。此外,由於計劃中存在著訊息不對稱、外部性與獨占力等會造成市場失靈的因素,這使得政府有必要以管制者的身分對此失靈現象加以矯正。透過政府的管制尚可增進計劃的安全性與公平性。就目前多數OECD國家的管制經驗來看,管制的內容可以區分為資產、負債與其他方面三類。
我國目前雖然已經有完整的規範勞工退休的法令,但由於法規內容陳義過高,在實際情況下,有很多規定並無法落實,有很多規定則不合時宜。例如,我國法令並未強制企業以合理的方法對退休金進行提撥,以致普遍存在著提撥不足的現象。在計劃清償債務能力之保證、賦益權與可攜性與訊息揭露方面之管制現行法令往往不合時宜,甚至沒有規定。這使得大多數勞工退休後的生活無法獲得確實的保障,雇主也因為低估退休金成本而忽略退休金之潛在負擔,以致對將來的營運方針無法作整體的規劃。對於上述這些管制方面的問題,正在行政院審議中的「勞工退休金條例」草案已經為受勞基法規範行業的雇主與本國籍勞工規劃出一個可行的解決方案。但由於該條例尚未生效且適用的對象與範圍皆受限制,因此,並無法完全解決目前的難題。
由於上述的管制對員工退休金權益保障的落實有非常重要的影響,目前國內已有的研究很少且不夠完整,本文的主旨在以OECD選樣國家歷年來在勞工退休所得保障方面所遭遇的困難,及其在解決問題的對策方面所做的努力來作為改善我國勞工退休所得保障制度的借鏡。並透過對現行退休制度與「勞工退休金條例」草案的比較以檢視問題獲得改善的程度。
目錄
第一章 緒論------------------------------------------------------1
第一節 研究動機與研究目的---------------------------------------1
第二節 研究範圍與研究限制---------------------------------------3
第三節 研究大綱-------------------------------------------------4
第二章 職業退休(年)金計劃的必要性--------------------------6
第一節 老人福利需求與經濟安全保障的重要性-----------------------6
第二節 現階段老年經濟安全所面臨的威脅---------------------------7
第三節 老年年金的功能與性質------------------------------------12
第四節 職業退休(年)金制度應該扮演的角色----------------------14
第三章 職業退休(年)金計劃的歷史演進及種類----------------21
第一節 職業退休金的歷史演進與發展-------------------------------21
第二節 職業退休金計劃的種類-------------------------------------22
第三節 確定給付計劃與確定提撥計劃-------------------------------25
第四節 選樣OECD國家之職業退休金現況----------------------------39
第四章 政府對退休金計劃在資產方面的管制--------------------47
第一節 政府對退休金基金加以管制的必要性-------------------------47
第二節 政府在提撥基金方面的管制措施-----------------------------48
第三節 政府對賸餘資產所有權歸屬的管制---------------------------68
第四節 政府對投資組合的管制-------------------------------------70
第五章 政府對退休金計劃在負債及其他方面之管制-------------76
第一節 政府對計劃清償退休金債務的能力保險之管制-----------------76
第二節 政府對退休金計劃在賦益權及可攜性方面之管制---------------85
第三節 政府對退休金給付的指數化之管制---------------------------92
第四節 其他與政府管制有關的問題---------------------------------93
第六章 我國勞工退休(年)金管制問題之檢討-------------------103
第一節 我國勞工退休所得保障制度之沿格-------------------------103
第二節 我國現行勞工退休金制度所面臨之問題---------------------106
第三節 勞工退休金條例草案內容分析-----------------------------121
第七章 結論與建議---------------------------------------------125
參考文獻--------------------------------------------------------128
附表-----------------------------------------------------------------------133
圖表目錄
圖(1-1)本文架構圖------------------------------------------------------------------5
表(2-1)台灣地區人口結構與扶養比之變遷--------------------11
表(2-2)台灣地區勞動人口比例--------------------------------11
表(2-3)職業退休(年)金制度應該扮演的角色---------------20
表(3-1)確定給付計劃與確定提撥計劃之比較------------------36
表(3-2)選樣國家公共年金與職業年金之給付水準-------------39
表(4-1)選樣國家政府對退休金計劃在資產方面管制之比較----74
表(5-1)選樣國家政府對退休金計劃在負債方面管制之比較---100
表(6-1)民國73至87年間我國就業人口之轉業情形----------105
表(6-2)勞基法新增規定之內容-------------------------------105
表(6-3)我國現行退休金計劃的基金提撥方式-----------------107
表(6-4)近年來勞退基金各項用途及獲益情形-----------------117
表(6-5)民國七十六至民國八十四年各基金之績效評估表-----118
表(6-6)勞退基金與壽險業之投資限制比較-------------------118
表(6-7)勞退基金之資金運用比率表--------------------------118
表(6-8)台灣人壽保險資金運用比率表------------------------119
表(6-9)選樣國家與我國對退休金計劃管制之比較------------120
表(6-10)我國之退休金現制與退休金條例草案之比較---------124
附表一-----------------------------------------------------------133
附表二 每年薪資增加率---------------------------------------
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勞工自行選擇退休金運用方式可行性之研究 / A feasibility study of labor free to choose the operating way of pension黃麟惠, Huang, Lin Hui Unknown Date (has links)
世界各國人口結構持續改變,高齡化社會正逐漸成形,退休金制度的良窳已成為一國人口未來福利是否受到保障的最關鍵因素。各國政府勞退制度之改革最普遍的就是推動以「確定給付制」改為「確定提撥制」。我國勞工退休金政策亦於2005年7月正式實施勞工退休金新制,以「個人退休金專戶」為中心的「確定提撥制」逐漸取代「確定給付制」之勞退舊制。惟與其他國家最大不同是我國退休基金的管理與運用乃由政府統籌辦理,屬於集中管理模式;反觀先進國家勞工退休金其會員則可依個人風險承擔程度自由選擇投資不同類型退休基金,故自我國勞退新制實施以來,勞工是否傾向自行決定退休金運用方式就值得探討。然2008年金融海嘯發生,勞退基金首次發生虧損,勞工退休金開放自行選擇投資組合是否依然可行?
本研究之研究方法包括文獻分析法,藉由世界主要國家退休金制度的變革,了解國際間對於勞工自行選擇退休金運用方式之概況與趨勢發展,並比較主要各國運用方式,發現目前國際間採用確定提撥制的國家已多數可由勞工自行選擇退休基金方案;另外採行問卷調查,針對全國總工會之勞工代表與幹部以問卷方式調查其對勞工退休基金運用的看法,發現大部分工會代表在金融海嘯前後均傾向選擇自選,而在教育程度與年齡等變項發現達到顯著性之水準。爰依本研究結論,建議勞工主管單位,應研擬逐步開放的方式推行,且儘速使勞工依個人風險承擔程度,自由選擇不同類型退休基金,並適時給予所需之教育訓練。 / The structure of the world population continues to change; an aging society is gradually taking shape. The virtue of the pension system has become the most critical factor in the future welfare of a country's population. The most of the world‘s governments labor pension system of reform is to promote the "defined benefit" to "defined contribution" system. The new labor pension policy in Taiwan was implemented in July 2005. The individual pension accounts "defined benefit" system was gradually replaced by "defined contribution". But the Taiwan's pension fund management belonging to the centralized management model; which was different with the other countries. On the other hand, other advanced countries, labor pension of its members can choose to invest in different types of pension funds according to personal risk degree of freedom. So the Taiwan’s labor whether the tendency to decide pension use since the implementation of the new labor fun system is worth exploring.
In this study, literature analysis was used. We find the international workers to choose the pension use of profiles and the trends by reviewing change of the world's major national pension system. We also found that using defined contribution system in the world the pension fund program was chosen freely by the majority workers. In addition, by using the questionnaire survey of labor representatives and cadres of the China Federation of Trade Unions, we found that the majority of union representatives tend to select the optional before and after the financial tsunami. The level of education and age variables to reach a significant level. In accordance with these conclusions, we recommended that the labor unit in charge opening the way to implement should be developed gradually. To bear the degree of labor as soon as possible according to individual risk, freedom to choose different types of pension funds, and timely given the required training.
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Tendências nos desenhos de planos de benefícios nos fundos de pensão do ESGasparini, Marise Theodoro da Silva January 2001 (has links)
Made available in DSpace on 2009-11-18T19:00:59Z (GMT). No. of bitstreams: 0
Previous issue date: 2001 / o trabalho discute os fatores que condicionaram a migração de planos de beneficios entre os Fundos de Pensão localizados no Estado do Espírito Santo. O mais antigo modelo de plano de beneficios implantado no Brasil, o plano de beneficio definido, tem características bastante vantajosas aos participantes, pois as empresas patrocinadoras assumem os riscos de desequilíbrio do plano, e os beneficios futuros são assegurados aos participantes. O segundo modelo, mais recente no país, tem como característica principal o fato de que o participante assume os riscos do plano, e os beneficios futuros dependem de diversos fatores, como rentabilidade, tempo de participação, entre outros, deixando de existir garantia aos participantes. Apesar disso, os Fundos de Pensão tem implantado processos de migração de planos de beneficio definido para contribuição definida com sucesso. O texto procura identificar as razões e conseqüências da migração, estabelecendo correlações entre os dois modelos, identificando suas diferenças e semelhanças, o papel exercido pelas empresas patrocinadoras e a estratégia de convencimento dos participantes. Pretende-se que as reflexões sobre esse processo possam contribuir para que os Fundos de Pensão e outros pesquisadores interessados possam ter um nível maior de compreensão e fundamentação sobre o assunto. / This dissertation discusses the factors that have created the framework for the migration of the pension plans among the pension funds in the state of Espirito Santo. The first benefit plan model in Brazil, the defined benefit plan, has many advantages for the participant. Their risks are supported by the sponsor of the plan, and future benefits are assured to the participants. The second model, more recently introduced in the country, has its main point in the fact that participants have to bear the risks, and future benefits depend on many factors like the historical performance of the plan and time of participation, and there is no guaranty to the participants. Regardless these facts, pension funds have adopted successful processes for the migration from defined benefits plans to defined contribution plans. This text identifies reasons and consequences of those process of migration, establishing correlations, differences and similarities between the two models, and the role of the sponsors and their strategies in persuading the participants. We intend to raise questions upon this process, in order to contribute for a greater levei of comprehension of the issue.
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以「雇主退休金慷慨度的改變」分析美國退休金計畫制度改變趨勢對於員工退休所得的影響 / Are employers more generous now?: an analysis of pension generosity and employers' characters楊凌玉, Yang, Ling-Yu Unknown Date (has links)
近年來有很多關於退休金計畫的研究主要在探討從確定給付計畫(defined benefit plan)轉向確定提撥計畫(defined contribution plan)趨勢的影響。而這些早期的研究(Clark and McDermed(1990 and 1993), Gustman and Steinmeier(1992), Ippolito(1985, 1986, 1993, and 1997), and Kruse (1995); Papke(1994, 1996)and Papke, Petersen and Poterba(1996)主要是利用計畫個數的改變或者是計畫參與者人數的增減來作為衡量此一趨勢影響力的指標。然而,這兩項指標從退休收入多寡的觀點來看,卻無法反應此一趨勢對於員工福利的影響程度。Wang andVanDerhei(2000)利用了「雇主退休金成本」的新概念,探討此一趨勢的影響。而本篇論文將要延續Wang and VanDerhei(2000)的研究,藉由衡量雇主慷慨程度的改變,進一步分析此一趨勢對於員工未來退休收入的影響程度。為了檢視雇主退休金慷慨度是否有隨著時間以及環境變化而有所不同,我們利用OLS迴歸模型來分析在兩段期問中(1985年與1996年)雇主退休金慷慨度的變化。結果發現在確定給付計畫及401(k)計畫之下,退休金計畫存在的時間愈長以及工會的支持對於雇主慷慨程度都有正面的影響。在財務變數方面,我們則是發現不論哪一種型態的退休金計畫,稅前收入金額的多寡對於雇主慷慨程度均具有正面的影響。此外,利用Chow Test,我們發現確定給付計畫在1985年和1996年的確具有結構上的改變,進一步分析之後,發現退休金計畫存在時間愈長、工會的支持、金融相關產業、固定資產佔總資產的比例以及稅前收入金額的多寡對於1996年確定給付計畫下之雇主退休金慷凱度的正向影響遠大其對於1985年的確定給付計畫。在員工退休福利上,我們則是發現401(k)計畫的雇主相對提撥率在過去20年有明顯地成長,這意味著401(k)計畫下的員工在過去20年裡的退休福利有明顯的增加。
關鍵字:退休金趨勢、雇主退休金慷慨度、確定給付計畫、確定提撥計畫、401(k)計畫 / Much debate has devoted in recent pension literature to discuss the impacts of current pension trend toward defined contribution(DC) plans, especially the substitution effect between 401(k) and other pension plans. However, the“generosity”of the employer pension plan deserves little attention. This paper analyzes the impacts of the effects of this trend on workers' future retirement income by measuring the changes of employers' pension generosity. We construct a panel data of firms that sponsor at least one pension plan in 1985 and compare the changes of their pension generosity for DB, DC and 401(k) plans between 1985 and 1996. OLS Regression Models are adopted to analyze the generosity of employers' primary plan and supplemental plan and Chow test is conducted to test the structural changes between 1985 and 1996. Our results find that plan age and union status have positive impacts on employers' generosity ofDB and 401(k) plans. For financial variables, pretax income is an important consideration to employers' generosity disregarding the type of plan. In addition, we find that there was a structure change ofDB plans between 1985 and 1996 and that union status,plan age, financial etc. industry, proportion of fixed assets and pretax income have greater positive impacts on employers' generosity ofDB plans in 1996 than in 1985. For employees' retirement income, the matching rates have grown over the last two decades and this stands for that employees covered by 401(k) plans have received better retirement benefit over the last two decades.
Key words: Pension trends; Employers' generosity; Defined benefit plan; Defined contribution plan; 401(k) plan
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員工持股計畫中受任人義務之研究 / A study of fiduciary duty under employee stock ownership plan李松諺 Unknown Date (has links)
員工持股計畫是由財經律師Louis Kelso所創,在美國已行之多年,廣為美國企業所採。最早的員工持股計畫是一種為了和平地從資本家手中移轉資本給員工、縮減貧富差距的工具。為了使這個計畫可以持續有效地運作下去,立法者將員工持股計畫為退休金計畫的一種,使員工必須長期持有股票,直到退休。然而在實務運作上,員工持股信託經常被運用為防止敵意併購的工具。尤有甚者,某些公司內部人會利用員工持股計畫為自己取得大量資金、移轉投資風險,但仍可保留對於公司的控制力。這些行為都有可能對股東及員工造成不利的影響,但在現行法制下,只能仰賴司法者透過判決保護這些經濟及資訊上的弱勢族群。
在台灣,員工持股計畫雖然已廣為許多企業所採用,但是發展了將近20年,只能成為另一種員工持有股票的工具。員工擁有的股票數量並不足以使其在股東會上贏得一個受公司內部人重視的地位,也不足以倚賴這些股票作為退休金之用。這種規模上的差異是台美員工持股計畫最關鍵的不同點。小規模雖然使員工持股計畫帶來的優勢少了許多,但相對地也減低許多代理成本,至今未有員工持股計畫侵害大量員工利益的事件爆發。然而這不表示員工持股計畫在台灣就是個可以被忽略的問題,若能在未來建立一套有效率的立法制度,使員工持股計畫的規模擴大,員工將可因此享受到更多公司盈餘,並且使其退休生活受到保障。相對地,參考美國員工持股計畫的問題後,也可以預先設想未來可能發生的弊端,未雨綢繆。本文相信,一個有效率的員工持股計畫,可以實現解決貧富不均的理想。 / Employee stock ownership plan (ESOP) which is created by Louis Kelso is brought to practice for many years. Many enterprises use it as their retirement pension plan. The earliest employee stock ownership plan to transfer the capital frome capitalists to labors and reduce the disparity between the rich and the poor.In order to make the plan work out continueously and effectively, the legislator devise ESOP as a pension fund which makes employee own stock chronically until they retires. However, in practice, ESOP is usually exercised for preventing hostile takeover. Moreover, some company insiders may use ESOP TTO get a great deal of capital and transfer the investment risk, but still own the controlling power to their company. This behaviors will cause some harmful effects to the shareholders and the employees, but in the current legal system,the only one we can depend is the judge who can protect the minority in the economic and the information.
ESOP is exercised by many enterprises in Taiwan. But after 20 years, it can only become one of the tools which assist employees to acquire company stocks.The number of shares which employees owns can’t make them have a posi-tion which let the company insiders take account in the shareholder committee and have enough amounts for their retirement pensions.This disparity in scale is the keypoint what is different between Tiwan and the U.S. ESOP. Althoygh small scale makes the adventage of ESOP decrease, it reduce lots of agency costs. To this day, there’re not any events which injure the interests of employees by ESOP. Never-theless, it doesn’t mean that ESOP in Taiwan is a issue which can be neglected. If we can establish an efficient legal system and extend the scale of ESOP, employees can obtain more company interests and have a security of their retirement life.In the opposite, after researching the problem of the U.S. ESOP, we can assume the culpably misconduct which will happen in the future and repair the house before it rains。I believe that a efficient ESOP can realize the ideal to solve the problem of uneven distribution of the wealth.
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