Significant environmental benefit offsets
will also be made to the Offset Fund of the Native Vegetation Council to comply with the Native Vegetation Act.
This article proposes a different approach to providing work incentives to SSDI beneficiaries, one that involves benefit offsets but provides greater flexibility to beneficiaries in selecting their level of work activity.
The way to improve upon the benefit offsets offered to SSDI beneficiaries becomes clear once it is recognized that the $1-for-$2 benefit offset, albeit a better option compared to the current cash cliff, is itself a relatively poor work incentive because it involves a marginal tax on earnings of 50 percent.
The GBO schedule of initial benefits and benefit offsets offered to SSDI beneficiaries would incentivize beneficiaries to sort along the DD' budget line, providing the amount of market labor supply consistent with maximizing their welfare level.
In contrast, the GBO approach as described in this article would trade off reductions in initial benefits against sufficiently generous benefit offsets including federal EIC-like wage subsidies, if necessary.
One reason for this may be that the benefit offset design does not provide a sufficiently robust work incentive to SSDI beneficiaries.
Large benefit offsets
would make personal accounts less costly for the trust fund but riskier for the worker.
Missing components that will have to be added relate to payment and taxation of benefits, benefit offsets
with other income sources, individual reserve valuation and general plan benefit calculation.
The ICIP tax benefit offsets
the physical increase in a building's AV [assessed valuation] that will ordinarily result from a subtantial rehabilitation.
Further, employers can tailor the plan by the selection of the benefit formula, including the use of benefit offsets
, to meet the retirement needs of their key employees.
Minister Hunter says the changes to the Act, which were supported by the State Opposition, will provide more flexibility for the delivery of significant environmental benefit offsets
Hydrogen-fueled fuel cell vehicles (FCV) could result in a well-to-tank energy savings of 50% over conventional vehicles because the hydrogen FCV fuel economy benefit offsets
the lower efficiency of fuel production.