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A pension plan that promises employees a fixed annual pension benefit based on years of service and compensation is called a(n) defined contribution plan unfunded plan compensation plan defined benefi?
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Why did Conservatives Criticize the governments unfunded mandate?
Unfunded mandates were required but not paid for.
Will set up a trust but trust was not funded can the executor raid the estate to fund fees for himself as trustee?
No, he cannot. The offices of testamentary trustee and exutor are separate and distinct from one another even if the same person is to serve as both. Compensation for a trustee comes out of the funds in the trust for work done by the trustee on behalf of the trust. If the trust is unfunded, there are no assets out of which to pay fees to the trustee. Also, if the trust is unfunded then the trustee has done nothing to earn any trustee fees. Compensation of trustees and executors is governed by state laws, so it is important to check the laws of the state of probate for the details.
Definition of unfunded mandates?
"An unfunded mandate is a statute or regulation that requires a state or local government to perform certain actions, yet provides no money for fulfilling the requirements."
What is the difference between past service liabilities and future service liabilities?
Past service liabilities refer to unfunded benefits earned by employees before the inception of a pension plan. Future service liabilities represent the estimated cost of providing benefits to employees for their future services during their remaining period of employment.
What is unfunded pension liability?
Unfunded pension liabilityWhen a company, town or state pays its pensions obligations to retirees out of current income rather than from a separate fund to which it has contributed over time.
What makes the epa one of the weakest agencies?
D. unfunded Menates
Why might a state argued that an unfunded mandate violates its rights?
Such laws are known as unfunded mandates.State officials complain that these laws violate,or go against,the rights of states.States may also disagree with what the congress wants them to do .
Since 1945 how many US wars were unfunded in the US budget?
Two
How can you use scheme in a sentence?
The bank also operates a small unfunded pension scheme.
Is the Americans with disabilities act a federal mandate?
Yes, the Americans with Disabilities Act of 1990 and the Amendments Act of 2008 are unfunded mandates. An unfunded mandate is any piece of federal legislation which requires the states to follow a set of regulations without providing an explicit means to finance them. The ADA, ADAAA, Clean Water Act, Clean Air Act, etc are all examples of unfunded mandates.
What is unfunded mandated?
I'm going to assume that you meant "What is an unfunded mandate" and in the context of government.This is another one of those politically charged phrases that sounds horrible and oppressive but is not new or unique (either to government or private enterprise).Broadly speaking, the term "unfunded mandate" covers any action mandated by one entity to be performed by another without compensation, funding or reimbursement. Politically, the term has been used as a pejorative against a government program, policy or expenditure that a political minority dislikes.But, the general concept of "unfunded mandates" is not new and the phrase mis-characterizes common processes and requirements. The phrase is generally used only against those issue or policy areas a political minority dislikes.Example (government): Safety standards for drugs, food, cars, toys, bridges, roads, etc. are technically "unfunded mandates" since they impose health, safety, performance and accessibility standards on manufacturers or service providers without compensation or reimbursement for implimentation.Example (private sector): (i) Mortgage lenders impose requirements on home buyers mandating they obtain title insurance and property insurance for the duration of the loan without the financial institution paying for same; (ii) Insurance companies mandate safety equipment, procedures and practices on manufacturers (without the insurance companies paying for same) before the insurance companies will provide insurance coverage; (iii) employers mandate certain educational achievement levels or certifications without paying for same before employing a person.Safe to say, "unfunded mandate" is another in a series of focus group-tested buzz phrases designed to agitate certain segments of the electorate over everyday occurrences or requirements that a certain political minority detests.
Under the banner of new federalism republicans advocated for an increase use of unfunded mandates?
true
