Mandatory pension contribution rates for an average worker in 2018

2019 ◽  
Keyword(s):  
Average Worker ◽  
Pension Contribution

scholarly journals Overcoming the capital investment hurdle in worker-controlled firms

2019 ◽  
Vol 2 (2) ◽  
pp. 133-150
Author(s):  
Guy Major ◽  
Jonathan Preminger
Keyword(s):  
Capital Investment ◽  
Value Added ◽  
Employee Ownership ◽  
Workplace Democracy ◽  
Equity Investment ◽  
Content Type ◽  
Academic Literature ◽  
Worker Ownership ◽  
Significant Step ◽  
Average Worker

Purpose Both the academic literature and practitioners have long noted the need for an equity investment mechanism for worker-controlled firms that alleviates investor anxieties without undermining internal workplace democracy. The purpose of this paper is to outline one such possible mechanism. Design/methodology/approach The proposal locks together the interests of workers and external investors, via non-voting shares with dividends set by a pre-agreed value-added sharing formula. Each worker is paid a base wage, with the average across the firm being a pre-defined multiple of the national minimum wage. Any additional surplus is split into a number of equal “slices”, with each share receiving one slice as its dividend, and the average worker receiving a pre-agreed number of slices as a bonus. Findings Workers have an incentive to maximise their own incomes, and in so doing, will also automatically maximise the dividends received by investors, obviating the need for the shares to have normal voting rights. Working on this principle of aligned interests, the authors also discuss reinvestment, worker ownership of non-voting shares and possibilities for a secondary share market. The authors show how this proposal will be a significant step in aligning the interests of investors with owner-workers in a democratic, negotiated way that shares both risk and returns, thus making worker-controlled firms more attractive to equity investment. Originality/value In light of the recognised problem of underinvestment in worker-controlled firms and the risk of their degeneration, this paper will interest both academics and practitioners in employee ownership, co-operatives and various forms of workplace democracy.

Gender perspectives on extended working life policies

2017 ◽  
Author(s):  
Áine Ní Léime ◽  
Wendy Loretto
Keyword(s):  
Working Life ◽  
Defined Contribution ◽  
Population Policies ◽  
Flexible Working ◽  
Working Set ◽  
The Individual ◽  
Pension Age ◽  
Pension Contribution ◽  
The Uk ◽  
State Pension

This chapter documents international policy developments and provides a gender critique of retirement, employment and pension policies in Australia, Ireland, Germany, Portugal, Sweden, the UK, and the US. It assesses the degree to which the individual country's extended working life policies have adopted the agenda (increasing pension age and introducing flexible working) set out by the OECD and the EU. Policies include raising state pension age, changes in the duration of pension contribution requirements, the move from defined benefits to defined contribution pensions, policies on caring for vulnerable members of the population, policies enabling flexible working and anti-age discrimination measures. An expanded framework is used to assess the degree to which gender and other intersecting issues such as health, caring, class, type of occupation and/or membership of minority communities have (or have not) been taken into account in designing and implementing policies extending working life.

scholarly journals ANALISA PENCATATAN PEMOTONGAN IURAN DANA PENSIUN PT. POS INDONESIA CABANG MANADO

2016 ◽  
Vol 11 (2) ◽  
Author(s):  
Cynthia Imelda Mose ◽  
Inggriani Elim
Keyword(s):  
Old Age ◽  
Analytical Method ◽  
Pension Fund ◽  
Pension Funds ◽  
Civil Servants ◽  
Financial Condition ◽  
Retirement Funds ◽  
Pension Contribution ◽  
Descriptive Method ◽  
Made In

Everyone wants a prosperous life in old age. In the 1970s, people race to sign civil servants because only civil servants who have the assurance of a pension fund. However, in the 1990s after the issuance of Law No. 11 of 1992 on retirement funds, pension funds had not confined to civil servants but also the private sector employees. The purpose of this study was to determine the recording of deducting pension contributions PT. Pos Indonesia Cabang Manado. The analytical method used was descriptive method starts with collecting relevant data with research, analyzes how the recording of deduction contributions to pension funds, and draw conclusions. The results showed that the recording of pension contributions deduction made in accordance with accounting theory and the company only help in collecting and depositing pension contributions to the pension fund account.The company should mantain the recording of pension contribution deduction so the company’s financial condition could be controlled, especially about pension contribution deduction.   Keywords: recording, pension fund

scholarly journals A SYSTEMATIC REVIEW: SOFTWARE SOLUTIONS FOR TIME-MANAGEMENT IN REMOTE WORK SETTINGS

2020 ◽  
Author(s):  
Ivan Gjorgjievski ◽  
◽  
Daniela Karadakov ◽  
Keyword(s):  
Systematic Review ◽  
Time Management ◽  
Data Transfer ◽  
Virtual Work ◽  
Rapid Development ◽  
Management Systems ◽  
Remote Work ◽  
Work Location ◽  
Work Settings ◽  
Average Worker

Ever since the onset of the Internet and the rapid development in communications, a paradigm shift has been occurring between the human resources and the management systems in place. That shift has already rendered plenty of legacy management systems obsolete and ineffective. Evidently, the acceleration of data transfer speeds has produced a side effect in decreasing the location dependency of the average worker in certain industries, which in turn created a new challenge for the contemporary manager especially when dealing with remote teams and time-management of the same. This work-location decoupling meant that new systems had to be created, new studies to be introduced and plenty of modernization to the legacy control systems had to be implemented. And fast! This paper contains a systematic review of available software solutions for time management, location independency, virtual work and work teams and will provide analytic insight.

Exposure and Income: Preliminary Findings on Labor Supply on High Pollution Days

2021 ◽  
Author(s):  
Bridget Hoffmann ◽  
Juan Pablo Rud
Keyword(s):  
Air Pollution ◽  
Labor Supply ◽  
Low Income ◽  
Fine Particulate Matter ◽  
Working Hours ◽  
Pm 2.5 ◽  
Pollution Levels ◽  
Fine Particulate ◽  
High Pollution ◽  
Average Worker

We study labor supply decisions on days with high levels of air pollution in Mexico City's metropolitan area using hourly levels of fine particulate matter (PM 2.5) air pollution at the locality level. We document a negative, non-linear relationship between PM 2.5 levels and daily labor supply, with strong effects on days with extremely high pollution levels. On these days, the average worker experiences a reduction of around 7.5% of working hours. Workers partially compensate for lost hours by increasing their labor supply on days that follow high pollution days. We provide evidence that income constraints may play an important role in workers labor supply decisions, as we find more moderate responses among informal and low-income workers.

Impact of a workplace holiday weight gain prevention program

2019 ◽  
Vol 25 (3) ◽  
pp. 173-177 ◽  
Author(s):  
Mark G Wilson ◽  
Heather M Padilla ◽  
Lu Meng ◽  
Carmen N Daniel
Keyword(s):  
Weight Gain ◽  
State Government ◽  
Organizational Support ◽  
Prevention Program ◽  
Eating Behaviors ◽  
Weight Gain Prevention ◽  
Self Monitoring ◽  
Holiday Season ◽  
Average Worker ◽  
Workplace Setting

Background: The average worker gains 2–3 lb (0.9–1.4 kg) a year, about half of which is gained during the fall holiday season (Halloween through New Year’s). Aim: The aim of the study was to conduct a pilot test of a weight gain prevention program that was implemented in a workplace setting during the fall holiday season. Methods: 239 state government employees participated in a weight gain prevention program offered during the fall holiday season. The program was a 10-week, team-based program that consisted of self-monitoring, regular weigh-ins, a team challenge, and organizational support. Weight was measured at baseline, every two weeks during the program, and post-program. Results: Participants lost a significant amount of weight (from 196.7 lb/89.2 kg to 192.3 lb/87.2 kg) during the program. Positive changes were observed in physical activity and eating behaviors. Conclusions: This study demonstrated that a weight gain prevention program during a high risk period (fall holiday season) can be effective.

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