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- What do you understand by social security? What do you understand by the “pension crisis” and how has it been addressed by different countries, the developed and the developing world?What do you understand by social security? What do you understand by the “pension crisis” and how has it been addressed by different countries, the developed and the developing world? Withb DIAGRAM (400-500 WORDS)F1. The purpose of the Social Security retirement program is to a. increase retirement income to 75 percent of pre-retirement income. b. pay for health care costs. c. replace defunct pension fund plans. d. provide a basic adequate income to eligible retirees.
- For each of the following questions provide a brief answer. 1. (True, False or Uncertain) All things being equal, there is more total savings under a funded than under an unfunded pension system. 2. For the U.S., at the moment, is n > r? 3. Name three items in the Federal budget that account for more than 20% of all government expenditures (each).Consider an economy with a defined-benefit PAYG pension system and assume that there is a new baby boom. Show what happens to the economy at impact, over time, and in the long run as a result of this baby boom. Explain the intuitionHow do public pension plans differ in other countries? Has privatization worked overseas?
- 14. If the pension benefits for a person is determined by the contributions into the plan and their earnings over time, then the pension is a Question 14 options: a) defined contribution plan. b) defined benefit plan.Due to federal regulations limiting their investment opportunities, pension funds play a minor role in U.S. financial markets. OA) True OB) False.When the safe investments that pension funds usually rely on are paying less than 1 percent, then pension funds can rely on the safe investments? Why?
- Which of these statements regarding retirement in the U.S. is CORRECT?I. Social Security is a funded system with separate accounts for worker contributions II. Pension plans that offer guarantees and are fully funded by employers have decreased significantly in number.A pay-as-you -go social security plan collects 12 goods from each young person and distribute these goods equally to old people. Assume that population is constant and r = 1. What is the effect of this pension plan on: -the wealth of future generations - consumption when young and old -private saving by the young -investment by the youngMichelle has received two exciting job offers from two different companies, Tech Corp and Future Inc. Tech Corp offers a Defined Benefit Pension Plan (DBPP), while Future Inc offers a Defined Contribution Pension Plan (DCPP). As an aspiring investment enthusiast, Michelle would like to have a say in how her retirement funds are invested. 1) Which company should Michelle choose if she wants to have the freedom to make her own investment decisions? 2) If Michelle prefers a guaranteed income after retirement, which plan would suit her best? 3) Which plan potentially exposes Michelle to higher investment risk?
