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A pension is a fund into which a sum of money is added during an employee's employment years and from which payments are drawn to support the person's retirement from work in the form of periodic payments. A pension may be a "defined benefit plan", where a fixed sum is paid regularly to a person, or a "defined contribution plan", under which a fixed sum is invested that then becomes available at retirement age. Pensions should not be confused with severance pay; the former is usually paid in regular amounts for life after retirement, while the latter is typically paid as a fixed amount after involuntary termination of employment before retirement.
In the United States, Social Security is the commonly used term for the federal Old-Age, Survivors, and Disability Insurance (OASDI) program and is administered by the Social Security Administration (SSA). The original Social Security Act was enacted in 1935, and the current version of the Act, as amended, encompasses several social welfare and social insurance programs.
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Sergey Mikhailovich Brin is an American business magnate who co-founded Google with Larry Page. Brin was the president of Google's parent company, Alphabet Inc., until stepping down from the role on December 3, 2019. He and Page remain at Alphabet as co-founders, controlling shareholders and board members. As of May 2023, Brin is the 10th-richest person in the world, with an estimated net worth of $93.2 billion.
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This article lists the statutory retirement age in different countries.
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Wendell Milliman (1905–1976) was a founder of Milliman, Inc., formerly Milliman & Robertson, one of the largest actuarial and business consulting firms in the world. Starting as the Pacific Northwest's only independent consulting actuary in a small two-room Seattle office in 1947, Milliman co-founded, with Stuart Robertson, a company that grew to encompass offices across the nation, first on the West Coast, then in Milwaukee, and then in more than 30 locations throughout the country. It also has offices in 16 countries across the globe. Based on a profit-sharing model that brings together independent consultants under a common corporate banner, Milliman, Inc. looked for and found new opportunities to provide actuarial services to insurers and pension planners as the United States dramatically changed and its economy grew during the post-World War II years.
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Cameron Howard Winklevoss is an American cryptocurrency investor and Olympic rower, who founded Winklevoss Capital Management and Gemini cryptocurrency exchange. He competed in the men's pair rowing event at the 2008 Summer Olympics with his identical twin brother and rowing partner, Tyler Winklevoss. Winklevoss and his brother are known for co-founding HarvardConnection along with Harvard classmate Divya Narendra. In 2004, the Winklevoss brothers sued Facebook founder Mark Zuckerberg, claiming he stole their ConnectU idea to create the popular social networking site Facebook. In addition to ConnectU, Winklevoss also co-founded the social media website Guest of a Guest with Rachelle Hruska. In January 2021 Forbes estimated that each twin had a cryptocurrency holding of $1.4 billion.
Wayne Chang is an American entrepreneur, angel investor, film producer, and philanthropist. He is best known for founding Crashlytics, a startup acquired by Twitter in 2013. He is also known for creating a filesharing network called i2hub, making various seed investments, and his lawsuit against the Winklevoss brothers.
The State Social Protection Fund (SSPF) of Azerbaijan Republic is a governmental agency within the Cabinet of Azerbaijan in charge of regulating activities in the sector of social insurance and provision of pensions to citizens of Azerbaijan Republic. The agency is headed by Salim Muslumov.
David Garvin Moursund was an American mathematician, computer scientist, author and educator. From 2002 until his death, he was a Professor Emeritus in the College of Education at the University of Oregon. He wrote and taught extensively in the areas of computers, mathematics, and brain science in education.
The Pension Fund of the Russian Federation (PFR) is the principal national pension fund in Russia. It is the largest organization of Russia to provide socially important public services to Russian citizens. Founded December 22, 1990 decision of the Supreme Soviet of the RSFSR No. 442-1 "On the organization of the Pension Fund of the Russian Federation". The fund has branches across all Federal Subjects of Russia. The labor collective FIU - is more than 133 thousand social workers.
The Uganda Retirement Benefits Regulatory Authority (URBRA) is a government-owned, semi-autonomous agency responsible for regulating, licensing, supervising, and controlling the retirement sector in Uganda, the third-largest economy in the East African Community. The authority is also responsible for issuing guidelines to allow the liberalization of the retirement sector in the country.
References
- ↑ "Catalog of Copyright Entries. Third Series: 1971: January-June". Copyright Office, Library of Congress. 11 December 1973. p. 1508. Retrieved 11 December 2017– via Google Books.
- ↑ Morrison, Ian; Frisch, Susana; Bennett, Ruth; Gurland, Barry (8 October 2013). Continuing Care Retirement Communities: Political, Social, and Financial Issues. Routledge. ISBN 978-1-135-84973-3 . Retrieved 11 December 2017– via Google Books.
- ↑ Winklevoss, Howard E. (1970). A quantitative analysis of the factors affecting pension costs (DBA). University of Oregon, Dept. of Marketing, Insurance, and Transportation.
- ↑ Munn, Russell (January 1990). "Chamber Opposes Early Retirement Bills". South Carolina Business Journal. Vol. 8, no. 12. ProQuest 205240300.
- 1 2 "About Us". Winklevoss Technologies. Archived from the original on July 18, 2011. Retrieved July 6, 2011.
- ↑ Rosenblatt, Joel (January 11, 2011). "Facebook Seeks Finality in 'Social Network' ConnectU Court Fight". Bloomberg Businessweek . Archived from the original on January 12, 2011. Retrieved July 6, 2011.
