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Nessie000 Posted 17 years ago
Grammar
'pension surpluses'
Hi,
Please have a look at this:
Today many businesspeople feel that they have no real problem because they don't have to refinance until the middle of 2010. What if that line of credit cries up? Also, don’t forget that plummeting stock prices have turned many pension surpluses into liabilities that must be funded
What does 'pension surpluses' and 'fund' here mean?
Many thanks,
Nessie.
Please have a look at this:
Today many businesspeople feel that they have no real problem because they don't have to refinance until the middle of 2010. What if that line of credit cries up? Also, don’t forget that plummeting stock prices have turned many pension surpluses into liabilities that must be funded
What does 'pension surpluses' and 'fund' here mean?
Many thanks,
Nessie.
Top answer
People who work for a company which has a pension system pay into the plan on a weekly or monthly basis, or the company pays into the plan fund on their behalf. , in the stock market) so that it will urn a profit, assuring that retirees will have the money which has been promised them. During the boom years, the pension funds earned more than enough money to meet their obligations to their retirees.
- People who work for a company which has a pension system pay into the plan on a weekly or monthly basis, or the company pays into the plan fund on their behalf.
- , in the stock market) so that it will urn a profit, assuring that retirees will have the money which has been promised them.
- During the boom years, the pension funds earned more than enough money to meet their obligations to their retirees.
- The funds had a surplus.
- The companies depend on the investment earnings, because the money they have put in over the years is not actually enough by itself to pay the retirees what has been promised them.
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1 Answers
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People who work for a company which has a pension system pay into the plan on a weekly or monthly basis, or the company pays into the plan fund on their behalf. The managers, or custodians of the fund invest the money (eg., in the stock market) so that it will urn a profit, assuring that retirees will have the money which has been promised them.
During the boom years, the pension funds earne
During the boom years, the pension funds earne
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