I know that some pension plans are funded with Annuities. Basically an annuity is a retirement vehicle that you contribute to and then when you retire, that annuity is then "annuitized", meaning you start to receive payments. But it provides a safe way to invest your money, because they usually have guaranteed interest rates.
AnswerGenerally yes but self-funded policies might not.
There are select drug treatment programs that covered by the average health insurance plan. Many drug treatment programs are funded by the government and are free to attend.
Pension benefits are subject to federal income tax.
Insurance companies' sources of funds are primarily policy premiums.
Private insurance plans include all forms of health insurance that are not funded by the government.
Advantages of pension plans include providing a stable income in retirement, employer contributions, and potential tax benefits. Disadvantages can include limited control over investments, changes in pension fund performance, and potential risk if the pension plan is not fully funded.
US presidents currently get a pension after they leave office. The pension was authorized by Congress and is automatic. It is not an "entitlement" or funded by contributions from the President. It can be reduced or revoked at the will of Congress.
statutory sectors are funded through : local & national taxation insurance lottery funding direct donations
AnswerSend in a claim.
Chapter 11 is a reorganization....and the company and creditors may well agree to continue coverage as is...or with minor modifications. If the insurance program fails...depending on it's type...there is a State run recovery system. (Like if it's a pension the federal PBGC steps in).
Retirement pension plans vary according to the country you live in, but as a general rule there are employer funded plans and state funded plans. Employer plans usually work by deducting an amount from your salary and the employer then contributes an equal amount to the fund. State plans usually depend on contributions made throughout the retired person's lifetime. A general explanation can be found at: http://en.wikipedia.org/wiki/Pension
It is when there is not enough money to pay pensions. For example lots of companies have money set aside to pay their retired employees which is funded through existing employees paying into the pension scheme. If the amount of money to be paid to retired employees is more than there is in the pension fund, then the company has a pension deficit. At some point the money will run out.