Thomas Lobaugh, a Chicago-based broker with Willis Inc., said these policies are either underfunded or overfunded
. In the former, the employer pays term charges only, and employees may choose to build cash values with their own payments to structure a tax-free payout in retirement.
Indeed, even in those jurisdictions that permit some reversion of assets in overfunded
plans (such as the United Kingdom, Canada, Australia, and New Zealand), removal of trust assets is not without severe local tax consequences to the employer.
With 24 days to go the firm campaign has already raised PS107,000 and is now looking to overfund
"We have taken the decision to overfund
to allow us to grow quicker, so there is still time to get involved, but you will need to be quick."
"We're thrilled with the speed of the fundraise and due to the high level of interest have decided to let the pitch 'overfund
His caucus had pushed for years against the prevailing philosophy that the state's government was overfunded
He added projects like Bhikki Power Plant had proven to be white elephants for the national exchequer and were overfunded
to fill personal pockets.
There are also plans for a small BSC shop on the ground floor, and, should the project be overfunded
, there are plans for a small bar concept.
"The one thing that I will not be compromised on is the local footprint of local police officers." Mr Keenen said that, while police forces had been "overfunded
" in the past, Northumbria was now "right on the cusp" and that it was "inappropriate" for the force to continue relying on local taxpayers' money.
Of the overfunded
plans, 65% invest in alternatives, and 55% use liability-driven investment strategies, with a majority of users executing with derivatives.
"My plan calls for overfunded
school districts to return funding over a period of five years and give it to underfunded schools," said Ciattarelli.
Moreover, according to COFOG, Latvia's general budget is significantly overfunded
on several levels.