The document discusses the Social Security system, its solvency, and sustainability. It provides an overview of how the system works, how it is financed through payroll taxes, and how benefits are calculated. It notes the system's solvency depends on having sufficient funds to pay full benefits. Sustainability means the program structure is affordable for Americans over the long run. The rising costs are primarily due to fewer workers per beneficiary as birth rates have declined and life expectancy has increased, making the population older. Solutions are needed to ensure the system's solvency and sustainability for future generations.
This document provides an overview of how a life insurance retirement plan can help address three key financial challenges facing families: financial vulnerability if the primary income earner dies, outliving retirement assets, and reducing taxes. It explains that a life insurance policy can provide a tax-free death benefit to beneficiaries and tax-deferred cash value that can supplement retirement income. The document outlines factors to consider like death benefit needs, cash value accumulation goals, and premium affordability. It aims to help clients understand if a life insurance retirement plan fits their needs and objectives.
Fifth Third Bancorp reported second quarter 2007 earnings of $0.69 per diluted share, up slightly from the previous quarter and flat compared to the second quarter of 2006. Net interest income increased 4% year-over-year due to balance sheet actions in late 2006. Loan balances grew 5% year-over-year while deposit balances were flat. Noninterest income increased 9% sequentially and 8% year-over-year due to growth across fee categories. Credit quality deteriorated with provision for loan losses increasing 70% from the second quarter of 2006, reflecting challenges in the current credit cycle.
The Individual Pension Plan (IPP) allows for larger tax deductible contributions than an RRSP, potentially providing up to 65% more in retirement assets. The IPP is ideal for self-employed individuals or business owners age 38 or older earning over $122,222 annually. Contributions to an IPP can be much higher than an RRSP and increase based on age, with maximums ranging from $45,800 at age 40 to $276,900 at age 65. Assets in an IPP are locked in for retirement and protected from creditors. At retirement, the IPP provides predetermined monthly pension payments or other payout options like an annuity.
Fifth Third Bancorp reported first quarter 2008 earnings of $292 million, or $0.55 per diluted share, compared to $16 million in the previous quarter and $359 million in the first quarter of 2007. Net interest income increased 11% year-over-year to $826 million due to loan and deposit growth as well as lower funding costs, while the net interest margin declined slightly. Loan balances grew 9% year-over-year led by increases in commercial and residential mortgage loans. Credit costs increased substantially due to deterioration in residential real estate, homebuilder, and development loans.
This document discusses financing for climate change adaptation and mitigation. It notes that the funding demand far exceeds current financing levels, leaving a large financing gap. It explores innovative financing mechanisms like emission trading, public-private partnerships, carbon capture and storage, REDD, weather derivatives, biodiversity credits, and the JBIC's new LIFE initiative. The LIFE initiative aims to mobilize private funds at scale to support commercially viable clean technologies through loans, equity investments, and cooperation with multilateral development banks. Public-private-financial partnerships are needed to develop new market mechanisms that can help close the massive financing gap for climate solutions.
The document discusses how circuit breaker tax credits limit a taxpayer's total property tax liability to a fixed percentage of their assessed property value. It notes how the credits are funded by reductions in property tax revenues for all taxing units. HEA 1001 lowers the tax caps and expands eligibility, projected to significantly increase credits and reduce property tax collections. The shortfalls must be managed through spending cuts, cost sharing, fees or reducing authorized levies to lower overall tax rates and circuit breaker impacts.
The document is an actuarial report presented to the City of San Angelo by Jason Martin in March 2013. It summarizes the city's self-insured programs as of September 30, 2012, including unpaid loss estimates, forecasted losses, surplus analysis, and notes on the variability of estimates due to factors such as large losses and the long-tailed nature of some lines of coverage. Key findings are that unpaid loss estimates total $2.3 million discounted and surpluses exceed benchmarks for both the workers compensation and property/liability funds.
Allstate reported a 9% increase in net income for the first quarter of 2007 compared to the same period in 2006. Operating income decreased 8.2% due to higher catastrophe losses, increased auto and homeowner claim frequencies, and lower favorable reserve adjustments. The Property-Liability combined ratio increased 2.7 points to 84.6% due to higher claim frequencies and catastrophe losses. Allstate Financial operating income increased slightly due to favorable changes in assumptions and lower restructuring charges.
This document provides an overview of how a life insurance retirement plan can help address three key financial challenges facing families: financial vulnerability if the primary income earner dies, outliving retirement assets, and reducing taxes. It explains that a life insurance policy can provide a tax-free death benefit to beneficiaries and tax-deferred cash value that can supplement retirement income. The document outlines factors to consider like death benefit needs, cash value accumulation goals, and premium affordability. It aims to help clients understand if a life insurance retirement plan fits their needs and objectives.
Fifth Third Bancorp reported second quarter 2007 earnings of $0.69 per diluted share, up slightly from the previous quarter and flat compared to the second quarter of 2006. Net interest income increased 4% year-over-year due to balance sheet actions in late 2006. Loan balances grew 5% year-over-year while deposit balances were flat. Noninterest income increased 9% sequentially and 8% year-over-year due to growth across fee categories. Credit quality deteriorated with provision for loan losses increasing 70% from the second quarter of 2006, reflecting challenges in the current credit cycle.
The Individual Pension Plan (IPP) allows for larger tax deductible contributions than an RRSP, potentially providing up to 65% more in retirement assets. The IPP is ideal for self-employed individuals or business owners age 38 or older earning over $122,222 annually. Contributions to an IPP can be much higher than an RRSP and increase based on age, with maximums ranging from $45,800 at age 40 to $276,900 at age 65. Assets in an IPP are locked in for retirement and protected from creditors. At retirement, the IPP provides predetermined monthly pension payments or other payout options like an annuity.
Fifth Third Bancorp reported first quarter 2008 earnings of $292 million, or $0.55 per diluted share, compared to $16 million in the previous quarter and $359 million in the first quarter of 2007. Net interest income increased 11% year-over-year to $826 million due to loan and deposit growth as well as lower funding costs, while the net interest margin declined slightly. Loan balances grew 9% year-over-year led by increases in commercial and residential mortgage loans. Credit costs increased substantially due to deterioration in residential real estate, homebuilder, and development loans.
This document discusses financing for climate change adaptation and mitigation. It notes that the funding demand far exceeds current financing levels, leaving a large financing gap. It explores innovative financing mechanisms like emission trading, public-private partnerships, carbon capture and storage, REDD, weather derivatives, biodiversity credits, and the JBIC's new LIFE initiative. The LIFE initiative aims to mobilize private funds at scale to support commercially viable clean technologies through loans, equity investments, and cooperation with multilateral development banks. Public-private-financial partnerships are needed to develop new market mechanisms that can help close the massive financing gap for climate solutions.
The document discusses how circuit breaker tax credits limit a taxpayer's total property tax liability to a fixed percentage of their assessed property value. It notes how the credits are funded by reductions in property tax revenues for all taxing units. HEA 1001 lowers the tax caps and expands eligibility, projected to significantly increase credits and reduce property tax collections. The shortfalls must be managed through spending cuts, cost sharing, fees or reducing authorized levies to lower overall tax rates and circuit breaker impacts.
The document is an actuarial report presented to the City of San Angelo by Jason Martin in March 2013. It summarizes the city's self-insured programs as of September 30, 2012, including unpaid loss estimates, forecasted losses, surplus analysis, and notes on the variability of estimates due to factors such as large losses and the long-tailed nature of some lines of coverage. Key findings are that unpaid loss estimates total $2.3 million discounted and surpluses exceed benchmarks for both the workers compensation and property/liability funds.
Allstate reported a 9% increase in net income for the first quarter of 2007 compared to the same period in 2006. Operating income decreased 8.2% due to higher catastrophe losses, increased auto and homeowner claim frequencies, and lower favorable reserve adjustments. The Property-Liability combined ratio increased 2.7 points to 84.6% due to higher claim frequencies and catastrophe losses. Allstate Financial operating income increased slightly due to favorable changes in assumptions and lower restructuring charges.
The expanded version of our PowerPoint presentation that clearly lays out the fiscal challenge facing the United States. For more, visit http://crfb.org/go-big.
This document summarizes a presentation given by Diane Oakley of the National Institute on Retirement Security (NIRS) about public pension plans. The presentation discusses opportunities and challenges facing public pensions, stakeholders in public pensions, the importance of focusing on retirement policy, and lessons learned from well-funded plans. It provides statistics on the economic impacts of public pension benefits and expenditures. The presentation aims to distinguish facts from assertions and prevent short-sighted policies in public pension discussions.
This workshop will explore how organizations can utilize various federal, state, and private financing sources combined with innovative ideas to create affordable rural rental housing for veterans, seniors, and families. Participants will learn to analyze project cash flow, maximize private investment, leverage tax credits, and bridge financing gaps.
Paul Johnson, Director, Institute of Fiscal Studies, gives a background to economic growth in the UK and discusses what future NHS spending could look like.
This document provides an overview of Places for People's financial performance for 2010/11. Key highlights include:
- Turnover increased to £340m from £312m in 2009/10. Operating profit before interest was £80.3m.
- Housing stock owned or managed grew to 62,034 homes, supporting long-term rental income.
- Revenue reserves excluding pension liability grew to £200m in 2011 from £150m in 2007.
- The gross fixed asset base remained stable at £3.1bn in 2010/11.
- Places for People successfully diversified its investor base and debt portfolio through various bond issuances.
Healthcare Industry India Overview and City ComparisonSanket Baxi
This deck provides an overview of the healthcare delivery sector in India and a comparison between four cities: Ahmedabad, Chennai, Kolkata, Pune. IT covers the size of the sector, the growth rate, the drivers and various healthcare indicators.
This document discusses various tax credits, deductions, and programs available for greening affordable multifamily housing. It provides an overview of the federal tax incentives available, including the 30% investment tax credit, 10% investment tax credit, production tax credit, energy efficiency tax deduction, and bonus depreciation. It also discusses state and utility-based programs in Massachusetts. Finally, it provides an example of a potential solar retrofit project using these incentives and financing structures.
Tax Diversifiying Your Retirement Income Ppt 14400 0409 Fgranimal87
- Retirement income sources have changed from defined benefit pensions and Social Security to increased reliance on personal savings and assets
- Social Security alone is not enough to cover basic retirement expenses and its future is uncertain
- Fewer employers offer pensions and 401k plans have contribution limits
- Personal assets are critical but taxes need to be considered for different savings vehicles
- Diversifying retirement savings across tax-advantaged accounts and life insurance can help reduce taxes in retirement
The presentation makes a compelling argument for the Joint Select Committee on Deficit Reduction ("Super Committee") to "Go Big" rather than going small.
For more info, visit http://crfb.org/go-big.
This document discusses preparing for retirement and outlines a 4-stage process: 1) Saving - accumulating savings toward retirement goals; 2) Receiving - being eligible to withdraw assets from qualified plans; 3) Managing - drawing income from retirement savings; 4) Transferring - passing retirement assets to beneficiaries. It addresses common questions about saving enough for retirement and managing assets in retirement, and outlines factors like inflation, longevity, and investing that impact whether savings will last through retirement.
An Enhanced Annuity pays a higher retirement income if you have a medical condition that reduces your life expectancy, as the insurance company expects to pay out for a shorter period. Research shows over two-thirds of retirees could benefit from an Enhanced Annuity, with smokers receiving up to 13% more income and the seriously ill receiving significantly higher incomes. Consulting an advisor can help determine if an Enhanced Annuity makes sense for an individual based on their health and maximize their retirement income.
This document provides an overview of Xcel Energy from their presentation at the Edison Electric Institute Financial Conference in October 2003. Key points include Xcel achieving several accomplishments in 2003 including settling with NRG creditors, maintaining investment grade ratings, and refinancing debt. Projections for 2004 include earnings of $1.15-1.25 per share assuming NRG emerges from bankruptcy. The presentation outlines Xcel's objectives, investments, regulatory strategy, and earnings drivers to emphasize the company as a low-risk, integrated utility with a total return of 7-8%.
Our system of government budgeting is intentionally designed to not be efficient in order to protect freedom and democracy. Managing budgets in this environment is more difficult than rocket science due to constant changes from various political stakeholders throughout the long budget process. To be successful requires building credibility over time, understanding the perspectives of different parties, and flexibility to adapt to inevitable changes.
In less than one year, major provisions of the Patient Protection and Affordable Care Act are taking effect at state and federal levels, and many of those new provisions will directly impact businesses around the country. At this event, we’ll present fact-based, non-partisan information that’s important to Colorado business leaders: the timeline of the law and important dates.
The document summarizes long-term fiscal sustainability reporting in the U.S., including the timeline of reporting, types of projections provided, and illustrative charts and tables. Key developments include unaudited social insurance reporting starting in 1999, audited Statements of Social Insurance beginning in 2006, and comprehensive long-term fiscal projections reporting starting in 2010 on a unaudited basis and becoming audited in 2013. Projections provided include 75-year present values of receipts and spending, fiscal gaps, and alternative scenarios. Charts and tables illustrate historical and projected trends in receipts, spending, debt, and their composition through 2086 under current policy assumptions.
The document discusses Saudi Arabia's fiscal policy and role in finance and investment. It notes Saudi Arabia's stable political system, predictable economic policies, and well-supervised financial sector provide an attractive business environment. It also discusses Saudi Arabia's systemic role in ensuring global energy market stability and framing sustainable global growth policies. Government spending focuses on infrastructure, human capital, and health. Fiscal policy aims to promote non-oil growth through various financing institutions that support private sector development.
The document discusses various life stages of an individual and how mutual funds can help investors meet their financial goals at each stage by providing investment options for earning, saving, education, retirement, and more. It provides an overview of different types of mutual fund schemes, how they work, their benefits like diversification and professional fund management, and strategies for investing in mutual funds like SIP and STP. The document also covers mutual fund regulations, risks, taxation, and terminology to help explain mutual funds to individual investors.
The document provides additional details on CBO's 2010 long-term projections for Social Security. Key findings include:
1) Social Security outlays are projected to exceed tax revenues starting in 2016 and the trust funds are estimated to be exhausted by 2039 under current law.
2) Uncertainty in the projections is substantial, with an 80% range of uncertainty shown for some measures.
3) Scheduled benefits are calculated under current law regardless of trust fund balances, while payable benefits would be reduced if balances are depleted.
4) The distribution of lifetime taxes paid and benefits received varies significantly based on factors like birth year and lifetime earnings.
The expanded version of our PowerPoint presentation that clearly lays out the fiscal challenge facing the United States. For more, visit http://crfb.org/go-big.
This document summarizes a presentation given by Diane Oakley of the National Institute on Retirement Security (NIRS) about public pension plans. The presentation discusses opportunities and challenges facing public pensions, stakeholders in public pensions, the importance of focusing on retirement policy, and lessons learned from well-funded plans. It provides statistics on the economic impacts of public pension benefits and expenditures. The presentation aims to distinguish facts from assertions and prevent short-sighted policies in public pension discussions.
This workshop will explore how organizations can utilize various federal, state, and private financing sources combined with innovative ideas to create affordable rural rental housing for veterans, seniors, and families. Participants will learn to analyze project cash flow, maximize private investment, leverage tax credits, and bridge financing gaps.
Paul Johnson, Director, Institute of Fiscal Studies, gives a background to economic growth in the UK and discusses what future NHS spending could look like.
This document provides an overview of Places for People's financial performance for 2010/11. Key highlights include:
- Turnover increased to £340m from £312m in 2009/10. Operating profit before interest was £80.3m.
- Housing stock owned or managed grew to 62,034 homes, supporting long-term rental income.
- Revenue reserves excluding pension liability grew to £200m in 2011 from £150m in 2007.
- The gross fixed asset base remained stable at £3.1bn in 2010/11.
- Places for People successfully diversified its investor base and debt portfolio through various bond issuances.
Healthcare Industry India Overview and City ComparisonSanket Baxi
This deck provides an overview of the healthcare delivery sector in India and a comparison between four cities: Ahmedabad, Chennai, Kolkata, Pune. IT covers the size of the sector, the growth rate, the drivers and various healthcare indicators.
This document discusses various tax credits, deductions, and programs available for greening affordable multifamily housing. It provides an overview of the federal tax incentives available, including the 30% investment tax credit, 10% investment tax credit, production tax credit, energy efficiency tax deduction, and bonus depreciation. It also discusses state and utility-based programs in Massachusetts. Finally, it provides an example of a potential solar retrofit project using these incentives and financing structures.
Tax Diversifiying Your Retirement Income Ppt 14400 0409 Fgranimal87
- Retirement income sources have changed from defined benefit pensions and Social Security to increased reliance on personal savings and assets
- Social Security alone is not enough to cover basic retirement expenses and its future is uncertain
- Fewer employers offer pensions and 401k plans have contribution limits
- Personal assets are critical but taxes need to be considered for different savings vehicles
- Diversifying retirement savings across tax-advantaged accounts and life insurance can help reduce taxes in retirement
The presentation makes a compelling argument for the Joint Select Committee on Deficit Reduction ("Super Committee") to "Go Big" rather than going small.
For more info, visit http://crfb.org/go-big.
This document discusses preparing for retirement and outlines a 4-stage process: 1) Saving - accumulating savings toward retirement goals; 2) Receiving - being eligible to withdraw assets from qualified plans; 3) Managing - drawing income from retirement savings; 4) Transferring - passing retirement assets to beneficiaries. It addresses common questions about saving enough for retirement and managing assets in retirement, and outlines factors like inflation, longevity, and investing that impact whether savings will last through retirement.
An Enhanced Annuity pays a higher retirement income if you have a medical condition that reduces your life expectancy, as the insurance company expects to pay out for a shorter period. Research shows over two-thirds of retirees could benefit from an Enhanced Annuity, with smokers receiving up to 13% more income and the seriously ill receiving significantly higher incomes. Consulting an advisor can help determine if an Enhanced Annuity makes sense for an individual based on their health and maximize their retirement income.
This document provides an overview of Xcel Energy from their presentation at the Edison Electric Institute Financial Conference in October 2003. Key points include Xcel achieving several accomplishments in 2003 including settling with NRG creditors, maintaining investment grade ratings, and refinancing debt. Projections for 2004 include earnings of $1.15-1.25 per share assuming NRG emerges from bankruptcy. The presentation outlines Xcel's objectives, investments, regulatory strategy, and earnings drivers to emphasize the company as a low-risk, integrated utility with a total return of 7-8%.
Our system of government budgeting is intentionally designed to not be efficient in order to protect freedom and democracy. Managing budgets in this environment is more difficult than rocket science due to constant changes from various political stakeholders throughout the long budget process. To be successful requires building credibility over time, understanding the perspectives of different parties, and flexibility to adapt to inevitable changes.
In less than one year, major provisions of the Patient Protection and Affordable Care Act are taking effect at state and federal levels, and many of those new provisions will directly impact businesses around the country. At this event, we’ll present fact-based, non-partisan information that’s important to Colorado business leaders: the timeline of the law and important dates.
The document summarizes long-term fiscal sustainability reporting in the U.S., including the timeline of reporting, types of projections provided, and illustrative charts and tables. Key developments include unaudited social insurance reporting starting in 1999, audited Statements of Social Insurance beginning in 2006, and comprehensive long-term fiscal projections reporting starting in 2010 on a unaudited basis and becoming audited in 2013. Projections provided include 75-year present values of receipts and spending, fiscal gaps, and alternative scenarios. Charts and tables illustrate historical and projected trends in receipts, spending, debt, and their composition through 2086 under current policy assumptions.
The document discusses Saudi Arabia's fiscal policy and role in finance and investment. It notes Saudi Arabia's stable political system, predictable economic policies, and well-supervised financial sector provide an attractive business environment. It also discusses Saudi Arabia's systemic role in ensuring global energy market stability and framing sustainable global growth policies. Government spending focuses on infrastructure, human capital, and health. Fiscal policy aims to promote non-oil growth through various financing institutions that support private sector development.
The document discusses various life stages of an individual and how mutual funds can help investors meet their financial goals at each stage by providing investment options for earning, saving, education, retirement, and more. It provides an overview of different types of mutual fund schemes, how they work, their benefits like diversification and professional fund management, and strategies for investing in mutual funds like SIP and STP. The document also covers mutual fund regulations, risks, taxation, and terminology to help explain mutual funds to individual investors.
The document provides additional details on CBO's 2010 long-term projections for Social Security. Key findings include:
1) Social Security outlays are projected to exceed tax revenues starting in 2016 and the trust funds are estimated to be exhausted by 2039 under current law.
2) Uncertainty in the projections is substantial, with an 80% range of uncertainty shown for some measures.
3) Scheduled benefits are calculated under current law regardless of trust fund balances, while payable benefits would be reduced if balances are depleted.
4) The distribution of lifetime taxes paid and benefits received varies significantly based on factors like birth year and lifetime earnings.
Funding of New and existing stressed assets opportunities and challengesAnandkasturi4
- The COVID-19 pandemic and resulting lockdowns have severely impacted economies worldwide, with GDP declining significantly in many countries including India. Unemployment rates have also risen sharply.
- Non-performing assets for banks are expected to increase substantially. In India, NPAs may exceed 16 trillion rupees by March 2021. This presents opportunities for asset reconstruction companies and special situation funds.
- Governments are taking measures to support their economies, with the US approving $2.5 trillion in funding or 11.2% of GDP. India's support is 5.1% of GDP, lower than many other countries.
- Regulatory changes in India aim to boost funding for MSMEs and allow debt
This document summarizes the evolution and current state of global pension systems. It discusses the rise of defined benefit (DB) pension schemes in the 20th century and their subsequent decline due to rising unfunded liabilities. More recently, defined contribution (DC) plans have grown in popularity as a way to pre-fund pensions and address issues with DB plans. However, pension coverage remains low in many developing countries. The document examines reforms like raising retirement ages and exploring social pensions or matching contributions to expand coverage to informal workers. Overall it presents an overview of pension trends over the last century and considerations for developing countries going forward.
Social Security Reform and the Joint Budget Committee ProcessMercatus Center
The document discusses Social Security reform and whether the Joint Budget Committee should attempt reform. It provides arguments for and against the JBC taking on reform. Key details include the financial challenges Social Security faces, such as a projected 2036 trust fund exhaustion date. Reforms have different scoring impacts depending on whether they advantage or disadvantage a 10-year view.
The document discusses choices for federal spending and taxes in the United States. It summarizes that under current policies, deficits are projected to rise significantly as a percentage of GDP due to increased spending on programs like Social Security and healthcare. To achieve sustainable budgets, policies will need to deviate from the past by raising taxes, changing benefits for older Americans, or reducing other federal activities. Specifically, to stabilize debt, the 2022 deficit would need to be 3.5% of GDP smaller, equivalent to $900 billion, requiring major policy changes.
The document is a presentation from the Congressional Budget Office Director to the National Economists Club about the economic outlook and budget projections for fiscal years 2012 to 2022. It summarizes key economic indicators and their projections, compares the baseline budget projections to an alternative scenario, and breaks down mandatory spending, revenues, tax expenditures, and other components of the federal budget as shares of GDP.
The document is a presentation by the Director of the Congressional Budget Office (CBO) about key issues related to federal spending and taxes. It addresses five questions: 1) the size of projected deficits and debt, 2) factors putting pressure on the budget, 3) consequences of rising debt, 4) policy changes for a sustainable budget, and 5) criteria for evaluating policies. The CBO projects large deficits and rising debt without changes to current policies. Rising healthcare and retirement costs are key drivers. Reducing the debt requires significant cuts to benefits, spending, or revenue increases above historical averages.
Robert Chote: Public finances and health careThe King's Fund
Robert Chote, Chairman of the Office for Budget Responsibility (OBR), shares the results of the OBR’s 2012 Fiscal Sustainability report, with a specific focus on health care spending.
The document summarizes key facts about the U.S. Social Security program. It finds that in 2020 over 64 million people received Social Security benefits, with the average monthly benefit being $1,516 for retired workers. By 2035, the Social Security Trust Fund reserves are projected to be depleted. The document also outlines options to improve the programs financial status, such as by raising the earnings cap subject to Social Security taxes or gradually increasing contribution rates.
The budget focuses on fiscal consolidation and boosting growth. It marginally increases tax deductions but also raises some taxes. Funding is enhanced for infrastructure through tax-free bonds and ECB changes. The power sector may benefit from coal duty exemptions and FSA commitments. However, the auto sector faces higher excise duties that could impact large carmakers. Key assumptions around GDP and oil prices make deficit targets optimistic. Overall policy measures only partially address issues around land, environment and state electricity boards.
life insurance corporation india give to all family ,and all family member protection, with saving some new plan issue by lic than profit to everyone and with secure your life so please if you are do it Govt.. jobs, any business so please take it rebate to section 80c, 80d and other income tax rebate, with saving your family protection in future.contact my facebook inbox, dropbox , and email mukeshsoni41977@gmail.com, 07597728942
BNDES is Brazil's national development bank that was founded in 1952 and provides long-term financing for infrastructure, energy, export, and other projects. It has financed numerous electric power projects in Brazil totaling over $89 billion, including large hydroelectric dams. BNDES utilizes various financing structures like project finance and offers different terms for generation, transmission, distribution and other power industry segments.
The document provides information on the IDFC Flexi Cap Fund, an open-ended equity scheme that invests across large cap, mid cap, and small cap stocks in Indian equities. As of February 28, 2021, the fund was invested 98.6% in equity and equity related instruments diversified across multiple sectors. The top sectors included banks at 20.52%, consumer durables at 9.97%, and consumer non-durables at 9.17%. The document also outlines the fund features, portfolio details, and sector allocation.
The document provides information on the IDFC Flexi Cap Fund, an open-ended equity scheme that invests across large, mid, and small cap stocks in Indian equities. As of February 28, 2021, the fund was predominantly invested in equity and equity related instruments (98.6%), with top sectors being banks (20.52%), consumer durables (9.97%), and consumer non-durables (9.17%). The fund seeks to create long-term wealth by investing across the market capitalization spectrum.
Similar to Budget commission Social Security Presentation may-12-2010-goss (20)
An astonishing, first-of-its-kind, report by the NYT assessing damage in Ukraine. Even if the war ends tomorrow, in many places there will be nothing to go back to.
Here is Gabe Whitley's response to my defamation lawsuit for him calling me a rapist and perjurer in court documents.
You have to read it to believe it, but after you read it, you won't believe it. And I included eight examples of defamatory statements/
‘वोटर्स विल मस्ट प्रीवेल’ (मतदाताओं को जीतना होगा) अभियान द्वारा जारी हेल्पलाइन नंबर, 4 जून को सुबह 7 बजे से दोपहर 12 बजे तक मतगणना प्रक्रिया में कहीं भी किसी भी तरह के उल्लंघन की रिपोर्ट करने के लिए खुला रहेगा।
04062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
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El Puerto de Algeciras continúa un año más como el más eficiente del continente europeo y vuelve a situarse en el “top ten” mundial, según el informe The Container Port Performance Index 2023 (CPPI), elaborado por el Banco Mundial y la consultora S&P Global.
El informe CPPI utiliza dos enfoques metodológicos diferentes para calcular la clasificación del índice: uno administrativo o técnico y otro estadístico, basado en análisis factorial (FA). Según los autores, esta dualidad pretende asegurar una clasificación que refleje con precisión el rendimiento real del puerto, a la vez que sea estadísticamente sólida. En esta edición del informe CPPI 2023, se han empleado los mismos enfoques metodológicos y se ha aplicado un método de agregación de clasificaciones para combinar los resultados de ambos enfoques y obtener una clasificación agregada.
Acolyte Episodes review (TV series) The Acolyte. Learn about the influence of the program on the Star Wars world, as well as new characters and story twists.
Budget commission Social Security Presentation may-12-2010-goss
1. Social Security:
Part I. The System, Solvency,
I System Solvency
and Sustainability
Presented by Stephen C. Goss, Chief Actuary
Social Security Administration, May 12, 2010
2. What We Need to Know
(1) System
– What it is, what it does, how it works
(2) Solvency
– Benefits payable in full on a timely basis
(3) Sustainability
– What Americans want---cost versus benefits
(4) S l ti
Solutions
– Options to balance income and outgo
2
3. (1) System: What it is
Basic level of monthly benefits for aged, disabled, survivors
Scheduled Monthly Benefit Levels as Percent of Career-
Average Earnings by Year of Retirement at age 65
70
60
Low Earner ($16,000 in 2005; 26th percentile)
50
40 Medium Earner ($36,000 in 2005; 57th percentile)
High Earner ($57,000 in 2005; 82nd percentile)
30
Max Earner ($77,000 in 2005; 100th percentile)
20
10
0
1940 1960 1980 2000 2020 2040 2060 2080
3
4. (1) System: What it is
Retirement and survivor benefits start 1940
Eligible age lowered 65 to 62 in 1957F/1962M
– Full retirement age rises 65 to 67 by 2022
g y
Disability benefits started in 1957
Benefits rise with average wage across
generations --- but with CPI after eligible
Payroll taxes roughly pay-as-you go
– Rose from 2% to 12.4% as system matured
4
5. (1) System: Trust Fund Financing
OASI
OASI, DI and HI cannot borrow
Trust Funds enforce long-term budget neutrality
Total
T t l spending to date cannot exceed income to date
di t d t t di t d t
Current OASDI Assets (excess income) $2.5 trillion
Available to augment tax income when needed
Treasury swaps trust-fund debt for publicly-held debt
Total debt subject to limit not affected
If Trust Funds Exhaust in 2037 under current law?
– Spending is limited----NO annual budget deficit
5
6. (1) System: Trust Fund Financing
Social Security Cost and Expenditures as Percent of Payroll
25%
Cost: Scheduled but
Cost: Scheduled and not payable benefits
20% payable benefits
15%
10% Income
Expenditures: Income = payable
Payable benefits as percent benefits starting in the year the
of scheduled benefits:
2009-36: 100%
trust funds are exhausted (2037)
5%
2037: 76%
2083: 74%
0%
2005 2015 2025 2035 2045 2055 2065 2075 2085
Calendar year
6
7. (2) Solvency: Ability to Pay Benefits
Solvent as long as Trust Funds have assets
g
Trust Fund Ratios under Intermediate Assumptions
450
400
350
2008 TR
300
2009 TR
250
200 OASDI Combined
2008 TR
150
2009 TR
100
DI
50
0
2005 2010 2015 2020 2025 2030 2035 2040 2045
7
8. (2) Solvency: Ability to Pay Benefits
If Assets exhaust in 2037, then by Law---
2037 Law
– only 75% of scheduled benefits are payable
Has this ever happened?????
hi h d?????
– NO. Trust Fund exhaustion forces action
» 1977 and 1983 Social Security Amendments
Does “negative cash flow” force action?
– Consider History
8
9. ( )
(2) Solvency: OASDI Net Cash Flow Past
y
Social Security Net Cash Flow 1957-2009
1.0
0.8
Payroll Tax Rate rises
from 6% in 1961
0.6
to 9% in 1971
as Program Matures 1983
Perce nt of GDP
1977 Amend
0.4
Amend ments
ments
0.2
0.0
-0.2 1972
Amend
ments
-0.4
04
1957 1962 1967 1972 1977 1982 1987 1992 1997 2002 2007
9
10. (2) Solvency: OASDI Net Cash Flow Future
Social Security Net Cash Flow 1957-2085
1.0
0.5
cent of GD P
0.0
Trust Funds
Redeemed to
Pay Benefits:
Replaced by Benefits N t
B fit Not
Perc
-0.5
Publicly Held
Debt Payable under
Current Law
-1.0
-1.5
15
1957 1967 1977 1987 1997 2007 2017 2027 2037 2047 2057 2067 2077
10
11. ( )
(3) Sustainability: Two Meanings
y g
First:
– Clearly scheduled benefits NOT sustainable
with scheduled income
Second:
– Current program structure IS sustainable with
adjustments
– Or structure can be modified
– Sustainable is what Americans want and are
willing to pay for
11
12. (3) Sustainability: Cost for Scheduled Benefits
Social Security Scheduled Cost as Percent of GDP
12
13. (3) Sustainability: Why has cost gone up
3.3 workers per beneficiary since 1975; just 2 after 2030
Covered Workers Per OASDI Beneficiary
10
9
8
7
Demographic
6 Change
5
4
Low Cost
3 Program
2 Matures
1
High Cost
0
1940 1960 1980 2000 2020 2040 2060 2080
13
14. (3) Sustainability: Effect of fewer workers per beneficiary
An Example
– Average Retiree benefit is about $1,000/month
– 3 3 workers sharing pay $300 each
3.3 k h i h
– But if 2 workers share they pay $500 each
– Or if 2 workers pay $300 each
» Th average retiree gets $600 per month
Then ti t th
14
15. (3) Why the Shift?: We are an “Aging” society;
Not from living longer, but fewer Births
g g ,
Total and Aged Dependancy Ratios, 2009 Social
s Security Trustees Report
S it T t R t
Intermediate projection compared to no mortality improvement after 2008
1.00
0.90
Intermediate Projection
0.80
TOTAL dependency ratio
0.70 No increase in
Life expectancy
D p n a c R tio
after 2008
e e d ny a
0.60
0.50
0.40
Intermediate Projection
0.30
AGED dependency ratio No increase in
N i i
0.20 Life expectancy
after 2008
0.10
0.00
1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 2025 2030
Year
15
16. (3) Sustainability: Permanently fewer Births,
helped
h l d somewhat by Immigration
h b I i i
Historical and Projected Total Fertility Rate and
Augmented Total Fertility Rate to Include Net Immigration: U.S.
US
4.5
4
3.5
35
Augmented
3 TFR with Net
Immigration
2.5
2
Total Fertility Rate
1.5
1
0.5
0
1940 1950 1960 1970 1980 1990 2000 2010 2020 2030 2040 2050 2060 2070 2080
16
17. (3) Sustainability: We are an “Aging” society;
Longer life---gradual effect after 2030
L lif d l ff f
Total and Aged Dependancy Ratios, 2009 Social
Security Trustees Report
Intermediate projection compared to no mortality improvement after 2008
1.00
0.90
Intermediate Projection
0.80
No increase in Life expectancy after 2008
0.70
D en a c R tio
TOTAL dependency ratio
ep d n y a
0.60
0.50
0.40 Intermediate Projection
0.30
No increase in Life expectancy after 2008
0.20
AGED dependency ratio
0.10
0.00
1975 1985 1995 2005 2015 2025 2035 2045 2055 2065 2075 2085
Year
17
18. (4) Solutions: Get Sustainable Solvency,
or at l
least make progress
k
Eliminate 2.00% Actuarial Deficit
2 00%
Eliminate unfunded obligation
– 0 7% of GDP or $5.3 trillion over next 75 years
0.7% $5 3
BUT
BUT, S t i bilit is about ti i and t d
Sustainability i b t timing d trend
– Meet or reduce obligations when shortfalls occur
E
Enact soon with changes implemented later
ih h i l dl
– Gradual changes with time for planning
18
19. (4) Solutions: No Need to “Bend” the Cost
Curve (% of GDP) for Social Security
12%
HI + SMI
(inc luding Part D)
10%
Historical Estimated
8%
6%
OASI + DI
4%
2%
0%
1970 1980 1990 2000 2010 2020 2030 2040 2050 2060 2070 2080
Calendar year
19