“Why should your company spend money to provide a program like this for your employees?”
“Our goal at Finerva is to train your employees to be so financially astute and financially secure that they work for you because they want to, not, because they have to.” The other value additions that Finerva can provide organisations are…
“Why should your company spend money to provide a program like this for your employees?”
“Our goal at Finerva is to train your employees to be so financially astute and financially secure that they work for you because they want to, not, because they have to.” The other value additions that Finerva can provide organisations are…
Robert Feinholz: The art of managing retirement assumptionsForman Bay LLC
Robert Feinholz: The art of managing retirement assumptions
A retirement plan is built on a set of assumptions that can’t be validated until it’s too late. One key to successful retirement planning is carefully setting assumptions and revising them often.
White Paper: Workplace Financial Education - The Benefits and Rewards of a Fi...Frank Wiginton
Part 2 in a 3 part series on defining financial literacy in the workplace. Part 2 explains why companies should offer an employee financial education program. How it impacts the in employee and in turn the employer.
Promoting Financial Wellness and Disciplined Spending Among EmployeesPurchasing Power
If you missed last month’s WorldatWork Total Rewards 2010 Annual Conference and Exhibition, here’s a quick recap of the presentation made by Elizabeth Halkos, Purchasing Power’s vice president of sales and marketing.
In her presentation, Halkos commented that with the current unstable economic climate, we are witnessing increased unemployment rates, rising debt, record-high foreclosures, and staggering credit card charge-offs. For employers, there is increased concern over rising healthcare costs. Many companies find themselves under stress and in trouble, looking for ways to cut costs while making every effort to boost morale and individual performance levels of employees.
For many employees, the issue is the same; they find themselves financially stressed. This stress often mitigates the effectiveness of employee benefit programs. Financial stress leads to less satisfaction with pay, wasted time at work, more absenteeism, and even health issues.
Halkos pointed out that often employees turn to their employers for assistance and protection. This presents an opportunity for employers to find new ways to ease stress and improve the quality of life for their employees. One way to do this is to engage employees in programs that promote a better financial future including financial literacy programs where employees are taught how to manage their finances, make sound decisions, understand debt literacy and utilize employer-sponsored discount and purchase programs like Purchasing Power. By motivating employees to take charge of their financial future, employers will have workers that are more engaged, more satisfied with their jobs, more financially secured and happy.
Robert Feinholz: Planning for a 30 year retirementForman Bay LLC
Robert Feinholz: Planning for a 30 year retirement.
Funding a 30-year retirement will take financial planning prowess as you juggle the effects of inflation, distributions, taxes, asset allocation, and expenditures. Are you up to the task?
Robert Feinholz: The art of managing retirement assumptionsForman Bay LLC
Robert Feinholz: The art of managing retirement assumptions
A retirement plan is built on a set of assumptions that can’t be validated until it’s too late. One key to successful retirement planning is carefully setting assumptions and revising them often.
White Paper: Workplace Financial Education - The Benefits and Rewards of a Fi...Frank Wiginton
Part 2 in a 3 part series on defining financial literacy in the workplace. Part 2 explains why companies should offer an employee financial education program. How it impacts the in employee and in turn the employer.
Promoting Financial Wellness and Disciplined Spending Among EmployeesPurchasing Power
If you missed last month’s WorldatWork Total Rewards 2010 Annual Conference and Exhibition, here’s a quick recap of the presentation made by Elizabeth Halkos, Purchasing Power’s vice president of sales and marketing.
In her presentation, Halkos commented that with the current unstable economic climate, we are witnessing increased unemployment rates, rising debt, record-high foreclosures, and staggering credit card charge-offs. For employers, there is increased concern over rising healthcare costs. Many companies find themselves under stress and in trouble, looking for ways to cut costs while making every effort to boost morale and individual performance levels of employees.
For many employees, the issue is the same; they find themselves financially stressed. This stress often mitigates the effectiveness of employee benefit programs. Financial stress leads to less satisfaction with pay, wasted time at work, more absenteeism, and even health issues.
Halkos pointed out that often employees turn to their employers for assistance and protection. This presents an opportunity for employers to find new ways to ease stress and improve the quality of life for their employees. One way to do this is to engage employees in programs that promote a better financial future including financial literacy programs where employees are taught how to manage their finances, make sound decisions, understand debt literacy and utilize employer-sponsored discount and purchase programs like Purchasing Power. By motivating employees to take charge of their financial future, employers will have workers that are more engaged, more satisfied with their jobs, more financially secured and happy.
Robert Feinholz: Planning for a 30 year retirementForman Bay LLC
Robert Feinholz: Planning for a 30 year retirement.
Funding a 30-year retirement will take financial planning prowess as you juggle the effects of inflation, distributions, taxes, asset allocation, and expenditures. Are you up to the task?
Use Cases and Requirements for Isolated EUTRAN OperationYi-Hsueh Tsai
When an emergency, disaster or any tremendous unexpected events occurs, communications infrastructure play an essential role. In many critical incident related scenarios, the terrestrial infrastructure might be seriously compromised and cannot guarantee reliable communications for rescue teams. A network architecture combining aerial and terrestrial base station with wireless backhaul links can provide rapidly deployable, resilient and flexible mobile networks, comprising innovative components, advanced functionalities for broadband applications. It can ensure the continued ability to communicate between Public Safety officers on the ground, even though they may be moving in and out of LTE network coverage or out of network coverage completely, will be of the utmost importance. For non-public safety usage, Figure 2 depicts an experimental network architecture supporting direct Air-to-Ground Communication.
S1-153199 Use Case and Requirements for DA2GCYi-Hsueh Tsai
According to ITU-R M.2282-0, a broadband Direct-Air-to-Ground Communications (DA2GC) system constitutes an application for various types of telecommunication services, such as Internet access and mobile multimedia services, during flights. The connection with the flight passengers’ user terminals on board aircraft is realized by already available mobile communication systems on board aircraft. The main application field would be Air Passenger Communications (APC). In addition, a broadband DA2GC system could also support Airline Administrative Communications services (AAC) and thus improve aircraft operation, resulting, in particular, in reduced Operational Expenditure (OPEX) for the airlines. Safety-relevant communications such as Air Traffic Control (ATC) and related services are not intended to be covered. The 5G technology should bring the same broadband wireless access capability for on-board network access to the airlines, and provide almost the same experience in the air that you have at home.
Die kaufmännischen Lösungen von SoftENGINE
helfen, den Zeitaufwand für Routinetätigkeiten zu reduzieren. Mit anderen Worten: Bei wachsenden Umsätzen benötigen Sie weniger neue Mitarbeiter, um das steigende Arbeitsaufkommen zu bewältigen. Die sinkenden Personalkosten verbessern Ihre Marktposition und legen den Grundstein für das künftige nternehmenswachstum. BüroWARE und WEBWARE sind schlanke, leistungs- und ausbaufähige kaufmännische Lösungen, mit denen sich Ihr Unternehmen im Wettbewerb durchsetzt.
Lightning Talk #9: How UX and Data Storytelling Can Shape Policy by Mika Aldabaux singapore
How can we take UX and Data Storytelling out of the tech context and use them to change the way government behaves?
Showcasing the truth is the highest goal of data storytelling. Because the design of a chart can affect the interpretation of data in a major way, one must wield visual tools with care and deliberation. Using quantitative facts to evoke an emotional response is best achieved with the combination of UX and data storytelling.
This webinar will discuss one of the most important savings goals of American families: saving money for a comfortable retirement. Specific topics to be covered include research findings about the retirement preparedness of American families, conflicting opinions about “the number” (i.e., amount of money needed to comfortably retire), factors that influence the number, and retirement savings calculation tools such as the Ballpark Estimate and Monte Carlo simulations. Case studies and chat questions will be included to apply the webinar content to real world situations.
In gearing up for America and Military Saves Weeks, Dr. Barbara O'Neill will present this 90-minute webinar on the tools and resources available for calculating the amount individuals and couples need to save for retirement, on behalf of the Military Families Learning Network.
Variable compensation how they have impact on organisation, retain employees, motivate employees and its advantages and disadvantages it has to when doing external comparison on the company
This presentation is good to business studies on student
Compensation and Benefits
1. Preface (as one of the major functions of HR)
2. Definition
3. Reference with a reputed organization
4. Objectives
5. Challenges for an employer
6. Basic and Special benefit offerings
7. Ideal Compensation & Benefit Structure
8. Conclusion
Social Security, Medicare and your RetirementBlain Bogar
This seminar will explain how Social Security and Medicare work, what is being done to ensure their survival, and how you can help clients and prospects plan for their retirement and medical care so that they do not have to rely heavily on either program.
This webinar will address health care reform, its effects on the corporate wellness industry, and the use of incentives and new incentive strategies to engage employees. With the changing health care market, a greater focus will be in prevention of disease and in encouraging a healthy labor force. The results of the recent healthcare reform law will have an impact on how health insurance is administered and how wellness programs will operate. New incentive strategies, using gift cards, will be a tool to get employees involved in a wellness program and to actively engage in their well being. With employee and employers working for health, they will not be as susceptible to the effects of healthcare reform.
The webinar will present the following information:
• The Patient Protection and Affordable Care Act and its effects on wellness
• Information about using gift cards as incentives
• Case studies that show the success of gift cards from various industries including Manufacturing, Nonprofit, Healthcare, Insurance, and Utility and Energy.
The complementary webinar, produced by the Corporate Wellness Magazine, on behalf of the Corporate Health and Wellness Association and Healthcare Reform Magazine. We will explore the benefits of incentives programs; whether you want improve efficiency and increase productivity.
Vanessa Cullerton,Senior Employee Wellness Manager of The Hillshire Brands Company (formerly Sara Lee) and Stacey Nelson, Manager of Health and Welfare from Sprint discusses the evolution of their wellness program and the innovative ways they engage employees in offering gifts cards to encourage employee participation.
What are pension assets?
What are pension liabilities?
Pension deficits/Underfunding
Accounting Rules – Pensions
Defined Benefit vs- Defined Contribution
Retirement Options / Canada
Public Sector Pensions
Private Sector Pensions
Similar to Broken Promises Presentation-NJCFE-12-12 (20)
Inflation Causes, Impacts, Mitigation Strategies, and BenefitsBarbara O'Neill
60-minute webinar for AFCPE on 05/11/23 that discusses the causes and impacts of inflation and several dozen strategies to mitigate the effects of higer prices on household budgets.
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfcoingabbar
Introducing BONKMILLON - The Most Bonkers Meme Coin Yet
Let's be real for a second – the world of meme coins can feel like a bit of a circus at times. Every other day, there's a new token promising to take you "to the moon" or offering some groundbreaking utility that'll change the game forever. But how many of them actually deliver on that hype?
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just what'sapp this number below. I sold about 3000 pi coins to him and he paid me immediately.
+12349014282
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the what'sapp contact of my personal pi vendor
+12349014282
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the what'sapp number of my personal pi merchant who i trade pi with.
Message: +12349014282 VIA Whatsapp.
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
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how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the what'sapp information for my personal pi vendor.
+12349014282
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the what'sapp number.
+12349014282
1. Broken Promises: 10 Financial
Coping Strategies for Future
Financial Security
Barbara O’Neill
Rutgers Cooperative Extension
oneill@aesop.rutgers.edu
2. Presentation Objective
• Help employees deal with the financial aftermath of
“broken promises”
– Income losses
– Benefit reductions
• Presented as a AAFCS Webinar and to several
employee groups in NJ
• Participants asked to “check their anger at the door”
– Focus is on solutions; not confrontation or
complaining about losses
4. What’s Happening?
Workers can’t even count on income and
benefits promised in their CURRENT labor
contract, not to mention promises made
years ago when they were first hired.
5. Era of Broken Promises
• Terminated pensions
• “Church plan” pension exemptions from ERISA
• Suspended 401(k) matches
• Salary cuts and freezes
• Furloughs
• Benefit cuts
• Pension COLA cuts
• Others
6. Key Themes During Past Few Years
Peggy Noonan reply to question from Maria
Bartiromo about “game-changing events
during 2011” on Wall Street Journal Report,
1/1/12
“The fall of structures that we’ve come to
rely on” and “Lots of insecurity”
7. More Evidence of Broken Promises
New York Governor Andrew Cuomo, 12/16/11
interview about streamlining government,
including new pension benefit tiers:
“the whole system was designed at a different time
and a different place and it needs serious
reorganization.”
8. For Some, the Dream of Upward
Mobility is Slipping Away
8
9. The Real Cause of All the Anger
While recent media reports have
covered angry protests directed at
public employees whose pension and
health benefit packages lasted longer
than most in the private sector…
…the REAL ISSUE is that workers in
both the public and private sector
have lost critical pillars of financial
planning support that they once
thought they could count on!
10. “Broken Promises” Trends
• Increasing numbers of public (and private) sector job
benefits have been overhauled
– Employers realizing previously-promised benefits are
unsustainable and/or unaffordable
– Politically popular to slash public employee benefits
• More than half of public pensions are <80% funded
– < 80% level deemed “substantially underfunded”
• Defined benefit (DB) pension formulas and COLAs
especially under attack
11. Frequent Pension Plan Changes
• Lower benefit tiers for new hires
• Retirement ages raised (e.g., 55 to 60, 62 to 65)
• Automatic COLAs eliminated or scaled back
• COLAs tied to pension plan performance
• Changes in pension benefit formulas
– Elimination of “sick day” bonuses
– Change from “High 3” average salary DB pension
formula to “High 5”
12. Health Benefit Challenges
• Workers’ coverage is decreasing and/or they
are increasingly paying more for:
– Premiums
– Deductibles
– Co-payments
• From 2000 to 2010, average premiums for
family coverage through an employer
increased 114%
• More employees’ ONLY option is high-
deductible health insurance
13. More About High-Deductible Plans
• Percentage of workers enrolled in high-deductible
health plans quadrupled from 2006 to 2011.
• Often called “consumer-driven health plans”
• Encourages consumers to be more conscious of
medical-care costs; comparison shopping is difficult
• 2011 quote from health insurance company CEO:
“It’s safe to say we expect enrollment in consumer-
driven health plans to continue to grow.”
14. So What Do All These Changes Mean?
• Any income or benefit promise can be broken…even
in union contracts
• NO employee benefit is “guaranteed”
• New economic realities require adjustment to avoid
– Accumulating debt due to negative cash flow
– Setting aside inadequate retirement savings
– Outliving retirement assets
• Proactive planning can mitigate benefit losses
15. What to Do When Your
Income/Benefits are Cut
• Work longer
• “Retire” while working
• Accelerate debt repayment
• Save the shortfall
• Consider career changes and/or freelancing
• Consider investing more aggressively
• Spend less and shop savvy
• Investigate new benefit alternatives
16. Work Longer
• Time is an enemy (twice) for early retirees
– Fewer working years to accumulate personal
savings, pension benefits, and SS
– More non-working years to finance
• The years just prior to normal retirement age
are usually a period of peak earnings
• May have more control over “service” part of
DB pension formula than “average earnings”
– Example: tenured professor with a pay freeze
17. Beware of “Stampedes”
• Employees heading for the door in droves fearing
that an employer will cut benefits
• Employers could cut benefits anyway (no guarantees
that you’ll be “grandfathered”)
• Examples:
– NJ state workers, teachers, uniformed personnel
– Federal government workers?
• In many cases, longer service will mitigate benefit
reductions (e.g., loss of COLAs)
– Increases “Years of Service” part of DB pension formula
18. “Retire” While Working
• Standard Strategy #1- Retire at a planned age with less
money than anticipated due to NN events and risk running out
of money due to benefit cutbacks, increased health care costs,
longevity, etc.
• Standard Strategy #2- Retire later and risk “waiting too long”
(e.g., after age 65-70) so that death, health “issues,”
widowhood, etc. hinder planned retirement lifestyle and/or
quality of life.
• New Strategy #3- Keep working BUT use money that had
been going into savings (i.e., suspend or reduce 401(k) or
403(b) contributions) to begin enjoying “retirement activities”
NOW without actually retiring.
https://www2.troweprice.com/iws/wps/wcm/connect/d2edab0046d7abf0a87eb899d3
5c25cc/04779-
23_P1.pdf?MOD=AJPERES&CACHEID=d2edab0046d7abf0a87eb899d35c25cc
(Fahlund, C. Delaying Retirement, But Not Your Retirement Dreams)
20. Save the Shortfall
• Calculate amount lost from a retirement benefit cut
• Multiply by 25 to determine shortfall savings goal
• Do the math and develop an action plan to save
– Younger workers need to save < older workers
• Example: $6,000 annual benefit loss by
switching from “High 3” to “High 5” formula
– Need to accumulate $150,000 by retirement ($6k
x 25)
– Age 45: $3,660/year or $305 per month
21. Consider Career Changes and/or
Freelancing
• Public sector employment benefits are generally not
as attractive as they once were
– Newer tier hires often have lower benefit tiers
• Option #1: Changing jobs could lead to better
benefits; less stress
• Option #2: Aggressively demonstrate value to
current employer (to earn a promotion)
• Option #3: Freelance for additional income or to
replace lost income due to benefit plan changes
– Increased health insurance cost-sharing
– Increased pension plan contributions
22. Consider Investing More Aggressively
• Even with elimination of COLAs, people with DB
pensions have income for life (acts like an annuity)
– Ditto for Social Security
• Most retirees with DC plans have risk of an ever-
changing sum of money that needs to last a lifetime
• May be able to invest more aggressively if you have
streams of lifetime income
• Know your risk tolerance:
http://njaes.rutgers.edu/money/riskquiz/
23. Spend Less and Shop Savvy
• Unpleasant as it is, you may need to spend less to
adjust to the effects of broken promises
• Adjusting to less support from an employer or
government may be a necessity, not an option
– “Stepping down” spending
– Moving to a smaller/cheaper home
– Phone apps to compare prices
– Coupons and groupons
– Asking for discounts
– Fewer trips and gifts (e.g., retirees)
– Other ideas?
24. Investigate New Benefit Alternatives
• Explore benefit options that you might not
have considered previously
– High-deductible health insurance and an HSA or
HRA
• Do a cost-benefit analysis of alternatives
– Premium savings from high-deductible plan vs.
amount of out-of-pocket payment
• Attend benefit fairs/seminars and ask
questions
25. Keep an Eye on Government Benefits
• Changes to Social Security
– More needs-based? Older age? Lower benefits?
• Changes to Medicare
– More needs-based? Older age? Lower benefits?
• New health care law and aftermath
• Consider using very conservative benefit estimates
for financial planning purposes
• Assume that you can’t count on promised benefits?
26. Major Take-Away:
Focus on What You CAN Control
CAN’T Control CAN Control
• Speed of economic recovery • Healthy lifestyle
• Financial markets • Spending habits
• Labor market/unemployment • Saving habits
rate
• Investment expenses
• Housing market
• Human capital investments
• Employee benefit cutbacks
• How you spend your time
• Political environment
• Actions of lawmakers and
employers
27. Select What Works for You
• Think of these strategies as a
“Jersey diner menu”
• Adopt strategies that work for you
27