Life Expectancy At The Philippines

“...We govern our children without their consent...Would not the people of the Philippines prefer the just, human, civilizing government of this Republic…” (Doc B, Albert J. Beveridge). I disagree with this black and white view of the world. The Filipinos are grown people capable of making the best decision for themselves. Children are not (due to their undeveloped frontal lobes). They do not need America to save them. They wanted freedom enough to attempt war with Spain, a global power, so they have earned that

Longevity swap is a derivative contract that hedges the longevity risk of pension funds or insurers by entering into an agreement with a reinsurer or investment bank promising the exchange of fixed payments based on expected mortality of a reference population with floating payments based on the actual mortality experience of the same population set. Several insurers are now offering longevity swaps for pension schemes which allow longevity risk to be hedged. There also exists the option of combining these contracts with interest rate and inflation risks swaps. These would increase the complexity and cost of the swap in return for a wider reduction in the risk undertaken.

The worker at the age of 60 or 70 and some politicians who can worker until their eighties, the age up to 60 years are the age for the worker to pension from their work because the old ones should have problem in health and the decrease of performance. The worker of the age of 80 mostly work as politicion that enjoying power well, because they are not need to work harder, there are a lot of labor and guardian that can help their work, some politicians used their glory to handle their job without work. The old ones should not be encouraged to remain in paid employment.

As you may know there are two types of pension plans that are most commonly used: a defined contribution plan and a defined benefit plan. “A defined contribution plan sets forth a certain amount that the employer is to contribute to the plan each period (Schroeder, Clark, & Cathey, "Pensions and Other Postretirement Benefits," 2011). “A defined benefit plan specifies the amount of pension benefits to be paid out to plan recipients in the future. Companies that use this plan must make sufficient contributions to the funding agency in order to meet benefit requirements

For pensions and post-retirement accounting methods to recognize the benefit costs, estimates and assumptions on future events ascertaining the timing and amount of benefits payments must be sought first. This paper seeks to compare and contrast the early historical accounting for pensions and post-retirement healthcare and life insurance benefits with the rules and guidance applied today in addition to the changes to such guidance and rules that would improve the accounting and reporting of such benefits depending on the business and political changes and as such, predict the effect of such changes on financial reporting and accounting practices.

According to McBride morbidity and mortality are due to the following disease pro-cesses amongst the Filipino community: cardiovascular disease and diabetes, breast cancer, dementia, depression, elderly abuse, gout, TB and HIV. (McBride, 2001)

     There is much-heated debate on the issues of Social Security today. The Social Security system is the largest government program of income distribution in the United States. People are concerned that they won't see a dime of what they worked so hard to contribute into the Social Security system for so many years. Social Security provides benefits to about forty-three million Americans. Not only to retired workers, but also to their spouses and dependents of the workers who die prematurely. It also provides benefits to disabled workers and their dependents. Social Security appears to most people like a simple retirement saving’s account. After all, you generally

This paper will be based research, compare and contrast the early historical accounting for Postretirement Health Care and Life Insurance Benefits with the guidance / rules in place today with the Financial Accounting Standards Board (FASB) recently issued Statement of Financial Accounting Standards No. 158 "Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans; changes to the guidance and rules that would improve the financial accounting and reporting of the benefits. Predict the significant manner in which the future of accounting for these benefits could

Life expectancy is an extent of how long, on average, a person is expected to live if current mortality rates in every age group persisted constant throughout a person’s life. It is expressed as the number of years of life remaining for a person at a given age, usually at birth. It is a worldwide recognised measure of the health of populations. To create a strong and happy future for indigenous people we have to make a strategy which really helps to close the gap between indigenous and non-indigenous.

B. Relevance Everyone is faced with the prospect of living their “golden” years without a paycheck. Social Security will very likely NOT be available to people currently younger than 40 and if it does survive will not be a

In 2017, the world population is at 7.5 billion people. China is the most populated country in whole world. It has “1.379 billion” (Google) people making it the largest populated country. China is also the most largest aging population making it have a high life expectancy and the high accelerating aging rate in the world (Zheng, 2012). China has advanced with technology and also with age. Only “three decades ago, only 5 percent of the populations was over 65; today, 123 million people, or 9 percent of the population, are over this age which a report released by the government states that China will be the world's’ most aged society in 2030” (Huang, 2013). Since, China is the most largest aging population this means that less people are dying and more are living. Since, more people are living this means that need of long-term care, health insurance, adjustment of policies and how to make everyone comfortable living. China is the only country that has an older population exceeding 100 million and annually increases at a rate of 3.2. A dependent territory of China is Hong kong that has “7.347 million people” (Google). Hong kong also has a fast growing aged population. Hong kong is also trying to adjust their long-term care system, pensions system and policies to accommodate everyone living situation.

Philippines is an archipelago located in Southeast Asia near the equator. The Philippine archipelago consists of 7,107 islands divided into three major groups of islands which is Luzon, Visayas and Mindanao. As of 2016 the Philippine population is estimated to about 102,624,209 (World Fact Book). The Philippine nationality is termed Filipino and its population is made up of various ethnic groups. The national language is called Tagalog, it also the name of the major ethnic group of the country. According to Philippine Statistic Authority the population of urban area accounts for 45.3% of the country’s total population (Urban-Rural Classification). In contrast, the population in rural area is comprised of 54.7% and considered to be the majority population of the entire country. The Philippine climate is predominantly tropical marine where wet season occurs from November to April and is caused by the northeast monsoon. Similarly, the second set of rainy season, is caused by the southwest monsoon during May to October (World Fact Book). Additionally, the Philippine economy has been relatively resilient to global economic struggles because the country is less exposed to troubled international securities. The lower dependence on exports is what makes the country relatively resilient, relying only domestic products, as well as large remittances from millions of migrant and overseas Filipino workers (World Fact Book). The existing account balance has

Pension funds are any plans, funds or schemes which provide retirement income. These funds are important to shareholders of listed and private companies and they are particularly important to the stock market which is dominated by large institutional investors. This essay discusses the idea of pension funds and the pension crises. It defines the issues of pension funds, talks about the various pensions, categorizes them, and discusses the pension crisis and its implications to the US in particular and to the world in general.

The Social Security System Act was established in the year of 1935 not expecting the baby boomers to be born from the years 1946 through 1964. This is a dilemma because of declining birth rates and increased life expectancy, there are now only three age stratification workers for each beneficiary, and soon there will be only two because the elderly will retire. The system will not be able to support itself with such few workers to pay for so many beneficiaries.

Modern governments promise old age security, which ensures that their citizens can fend for themselves during old age. The approaches, however, may vary from society to society. In some like The United Kingdom and Canada, government pensions are distributed to the elderly. In some others such as Singapore, the people are compelled to provide in advance for their old age dependency. Some societies have laws in place to enforce children to take care of elderly parents. For example, in Singapore, elderly parents may file in to the court if their children do not provide for them. However, there are various financial concerns about these methods. In the case of government pensions, the heavy spending of public fund on the old aged may take a toll on other areas of the nation’s development. Thus a method that works in a society may not work in another and sometimes, multiple approaches have to be taken.