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Pension System In Switzerland
The Swiss pension system rests on three pillars: *the state-run pension scheme for the aged, orphans, and surviving spouses *the pension funds run by investment foundations, which are tied to employers *voluntary, private investments Overview †Funds paid into the 2nd and 3rd pillar may be paid out before without retiring when certain criteria are met. First pillar The basic pension insurance is known as ''Alters- und Hinterlassenenversicherung'' (AHV) in German, ''Assurance vieillesse et survivants'' (AVS) in French, and ''Assicurazione vecchiaia, superstiti e invalidità'' (AVS) in Italian. According to article 112 of the Swiss federal Constitution, the first pillar should cover basic living expenses adequately. It is a PAYGO system, financed by contributions from employees and employers (4.2% of the employee's income each), from the self-employed (7.8% of their income), and from the people not engaged in paid employment (between 392 and 19600 CHF a year in 2013). The autho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PAYGO
PAYGO (Pay As You GO) is the practice in the United States of financing expenditures with funds that are currently available rather than borrowed. Budgeting The PAYGO compels new spending or tax changes not to add to the federal debt. Not to be confused with pay-as-you-go financing, which is when a government saves up money to fund a specific project. Under the PAYGO rules, a new proposal must either be "budget neutral" or offset with savings derived from existing funds. The goal of this is to require those in control of the budget to engage in the diligence of prioritizing expenses and exercising fiscal restraint. An important example of such a system is the use of PAYGO in both the statutes of the U.S. Government and the rules in the U.S. Congress. First enacted as part of the Budget Enforcement Act of 1990 (which was incorporated as Title XIII of the Omnibus Budget Reconciliation Act of 1990), PAYGO required all increases in direct spending or revenue decreases to be offset b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Disability Pension
A disability pension is a form of pension given to those people who are permanently or temporarily unable to work due to a disability. North America An example of a disability pension is from a private or Public Pension Plan, or the Canada Pension Plan. Another example is Social Security Disability Insurance (SSDI) in the United States. Generally, there is a minimum time of service required to be eligible for the disability retirement benefit. The claimant might be directed to sign a waiver for their medical records to be disclosed and commonly is scheduled for an independent medical evaluation (IME) to confirm they are permanently disabled. The pension is calculated based on years worked, so the disability retiree can retire earlier (since they are unable to work), but receives an equitable pension based on years of service. Australasia Australia Australian residents of working age who are unable to work for 15 hours a week for the next two years are eligible for the D ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Allianz
Allianz ( , ) is a German multinational financial services company headquartered in Munich, Germany. Its core businesses are insurance and asset management. The company is one of the world's largest insurers and financial services groups. The company is a component of the Euro Stoxx 50 stock market index. Its asset management division, which consists of PIMCO, Allianz Global Investors and Allianz Real Estate, has €2,432 billion of assets under management (AuM), of which €1,775 billion are third-party assets (Q1 2021). Allianz sold Dresdner Bank to Commerzbank in November 2008. History Foundation ''Allianz AG'' was founded in Berlin on 5 February 1890 by then-director of the ''Munich Reinsurance Company'' Carl von Thieme (a native of Erfurt, whose father was the director of the insurance company ''Thuringia'') and Wilhelm von Finck (co-owner of the ''Merck Finck & Co. Bank''). The joint company was listed in Berlin's trade register under the name ''A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mercer (consulting Firm)
Mercer is an American consulting firm founded in 1945. It is one of the four operating subsidiaries of global professional services firm Marsh McLennan (NYSE: MMC). Mercer is headquartered in New York City with offices in 43 countries and operations in 130 countries. The company primarily provides human resources and financial services consulting services to its clients. Mercer has several distinct lines of business, namely: health and benefits, investments and retirement, workforce and careers, and M&A advisory services. It is the world's largest investment advisory with over US$300 billion outsourced assets under management and US$15 trillion under advisement in total. History Foundation and early years (1937–1959) William Manson Mercer founded William M. Mercer, Limited in Vancouver, Canada in 1945. It was acquired by Marsh McLennan and merged into their employee benefits department in 1959. Post acquisition growth (1959–2002) Mercer Consulting Group In 1975, Marsh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Melbourne
The University of Melbourne is a public research university located in Melbourne, Australia. Founded in 1853, it is Australia's second oldest university and the oldest in Victoria. Its main campus is located in Parkville, an inner suburb north of Melbourne's central business district, with several other campuses located across Victoria. Incorporated in the 19th century by the colony of Victoria, the University of Melbourne is one of Australia's six sandstone universities and a member of the Group of Eight, Universitas 21, Washington University's McDonnell International Scholars Academy, and the Association of Pacific Rim Universities. Since 1872, many residential colleges have become affiliated with the university, providing accommodation for students and faculty, and academic, sporting and cultural programs. There are ten colleges located on the main campus and in nearby suburbs. The university comprises ten separate academic units and is associated with numerous instit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Le Temps
''Le Temps'' ( literally "The Time") is a Swiss French-language daily newspaper published in Berliner format in Geneva by Le Temps SA. It is the sole nationwide French-language non-specialised daily newspaper of Switzerland. Since 2021, it has been owned by Fondation Aventinus, a not-for-profit organisation. According to the Research Department on Public Opinion and Society (FÖG) of the University of Zurich, it is of "high quality". History and profile First published on 18 March 1998, it is the result of the merger of three major newspapers from the Lake Geneva region: the '' Journal de Genève'', '' Gazette de Lausanne'' and '' Le Nouveau Quotidien.'' Previously owned by Ringier, it has been majority-owned by the not-for-profit Fondation Aventinus (95.5%). The remaining shares are held by the Groupe Le Monde (2.1%) and the employee-owned Société des rédacteurs et du personnel du Temps SA (2.4%). , the newspaper had around 120 employees, spread across newsrooms in Gen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ringier
Ringier AG is a media group in Switzerland, founded in 1833 in Zofingen and based in Zürich. The current strategy is based not only on media but also on e-commerce and entertainment. It has a yearly income of approximately 1000 million CHF and around 6,400 employees in nineteen countries. Activities The worldwide activities of Ringier include: *Information in print and digital publications with strong media. *The digital business, mainly internet based and mobile e-commerce-services like shopping webpages or online marketplaces. *The entertainment sector includes all activities around television, radio, events and amusement-services (such as ticketing). Publications Switzerland In the German language: * Blick and Sonntags-Blick * Bolero * Cash (Online-Wirtschafts- und -Finanzplattform) * Glückspost * Landliebe * TV Täglich * Schweizer Illustrierte / SI Style In the French language: * L'Illustré * TV8 * Le Temps (until 1 January 2021) Eastern Europe, Africa and A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
L'Hebdo
''L'Hebdo'' was a weekly French-language news magazine published in Lausanne, Switzerland. It existed between 1981 and 2017. History and profile ''L'Hebdo'' was established in 1981. The magazine, based in Lausanne, is part of Ringier and is published by Ringier weekly on Wednesdays. Its editor in chief An editor-in-chief (EIC), also known as lead editor or chief editor, is a publication's editorial leader who has final responsibility for its operations and policies. The highest-ranking editor of a publication may also be titled editor, managing ... is Alain Jeannet. The magazine, published in French, covers articles about social, economic and cultural issues. In 1997 ''L'Hebdo'' had a circulation of 56,950 copies. Between July 2004 and June 2005 its circulation was 43,911 copies. It was 44,870 between July 2005 and June 2006 and 48,451 copies between July 2006 and June 2007. Its circulation became 44,979 copies between July 2007 and June 2008. The circulation of the weekly wa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Life Expectancy
Life expectancy is a statistical measure of the average time an organism is expected to live, based on the year of its birth, current age, and other demographic factors like sex. The most commonly used measure is life expectancy at birth (LEB), which can be defined in two ways. ''Cohort'' LEB is the mean length of life of a birth cohort (all individuals born in a given year) and can be computed only for cohorts born so long ago that all their members have died. ''Period'' LEB is the mean length of life of a hypothetical cohort assumed to be exposed, from birth through death, to the mortality rates observed at a given year. National LEB figures reported by national agencies and international organizations for human populations are estimates of ''period'' LEB. In the Bronze Age and the Iron Age, human LEB was 26 years; in 2010, world LEB was 67.2 years. In recent years, LEB in Eswatini (formerly Swaziland) is 49, while LEB in Japan is 83. The combination of high infant ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baby Boom
A baby boom is a period marked by a significant increase of birth rate. This demographic phenomenon is usually ascribed within certain geographical bounds of defined national and cultural populations. People born during these periods are often called baby boomers. The cause of baby booms involves various fertility factors. The best-known baby boom occurred in the mid-twentieth century, sometimes considered to have started after the end of the Second World War, sometimes from the late 1930s, and ending in the 1960s. Africa "According to the new UNICEF report, almost 2 billion babies will be born in Africa between 2015 and 2050 and the 2 main driving forces behind this surge in births and children are continued high fertility rates and rising numbers of women able to have children of their own." By 2050, Africa is predicted to account for about 55% of all births in the world, 40% of all children under the age of five, and 37% of all children worldwide (under 18). Africa wi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Purchasing Power
Purchasing power is the amount of goods and services that can be purchased with a unit of currency. For example, if one had taken one unit of currency to a store in the 1950s, it would have been possible to buy a greater number of items than would be the case today, indicating that the currency had a greater purchasing power in the 1950s. If one's monetary income stays the same, but the price level increases, the purchasing power of that income falls. Inflation does not ''always'' imply falling purchasing power of one's money income since the latter may rise faster than the price level. A higher real income means a higher purchasing power since real income refers to the income adjusted for inflation. Traditionally, the purchasing power of money depended heavily upon the local value of gold and silver, but was also made subject to the availability and demand of certain goods on the market. Most modern fiat currencies, like US dollars, are traded against each other and commodity mon ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unemployment Benefits
Unemployment benefits, also called unemployment insurance, unemployment payment, unemployment compensation, or simply unemployment, are payments made by authorized bodies to unemployed people. In the United States, benefits are funded by a compulsory governmental insurance system, not taxes on individual citizens. Depending on the jurisdiction and the status of the person, those sums may be small, covering only basic needs, or may compensate the lost time proportionally to the previous earned salary. Unemployment benefits are generally given only to those registering as becoming unemployed through no fault of their own, and often on conditions ensuring that they seek work. In British English unemployment benefits are also colloquially referred to as "the dole"; receiving benefits is informally called "being on the dole". "Dole" here is an archaic expression meaning "one's allotted portion", from the synonymous Old English word ''dāl''. History The first modern unemployment b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
