Tag: guaranteed income

Nakuru farmers reaping big from dairy farming

Nakuru farmers reaping big from dairy farming

Dairy the single most preferred important agricultural enterprise in the area and a major contributor to the economy of Nakuru.

Regular and guaranteed payment for milk delivered to processors appears to be the single-most reason cited by farmers on their renewed interest in the dairy enterprise.

According to the farmers in the area, supplying milk in groups has reduced their cost of production, with the co-operatives accruing the benefits of economies of scale. Dairy farmers in Nakuru County are raking in an average of Sh 1.6 million daily in raw milk sales to processors. One of the leading processor […]

In-Plan Guaranteed Income Will Always Be a Challenge

BlackRock analysts tackle the timely and vexing issues of retirement income strategies and the potential greater use of in-plan annuity products in a new white paper , “Income reimagined: expanding DC from saving to spending.”

According to BlackRock, plan sponsors, providers and legislators are all showing growing interest in providing guaranteed or income annuity options within defined contribution (DC) retirement plans. But so far, BlackRock finds, no consensus approach has emerged.

“Despite the rational case that can be made for lifetime income solutions, a number of participant biases and behavioral financial barriers need to be overcome to drive adoption,” the paper […]

Andrew Yang’s “freedom dividend” echoes a 1930s basic income proposal that reshaped Social Security

Andrew Yang’s

Entrepreneur and political novice Andrew Yang is hoping a wild gambit will help him win the Democratic presidential nomination: give 10 American families US $1,000 a month.

The announcement of a test run of his signature universal basic income proposal, which Yang argues is necessary to counter automation’s threat to millions of American jobs, garnered cheers from the student audience at the September debate and gave his candidacy a boost . At least half a million people have entered Yang’s basic income raffle .

Although he called his idea “unprecedented,” that’s not entirely true. It’s a direct echo of the Townsend […]

Guaranteed income options may be coming to your 401(k) if Congress acts

Guaranteed income options may be coming to your 401(k) if Congress acts

If retirement legislation now under consideration in Congress becomes law, your 401(k) plan might have a new look.

The Secure Act, which passed the House in May and awaits Senate action, includes a provision that would make it easier for companies to include annuities in their retirement plans. And while people may be drawn to these guaranteed-income options, it’s important to grasp both the pros and cons before putting any money into one.

“As with any investment, It’s important to understand how it works, what it costs and how it fits into your overall financial plan,” said Frank O’Connor, vice president […]

Annuity options may be coming to your 401(k). Here’s why

Annuity options may be coming to your 401(k). Here’s why

If retirement legislation now under consideration in Congress becomes law, your 401(k) plan might have a new look.

The Secure Act, which passed the House in May and awaits Senate action, includes a provision that would make it easier for companies to include annuities in their retirement plans. And while people may be drawn to these guaranteed-income options, it’s important to grasp both the pros and cons before putting any money into one.

“As with any investment, It’s important to understand how it works, what it costs and how it fits into your overall financial plan,” said Frank O’Connor, vice president […]

Andrew Yang Injected Silicon Valley’s Favorite Economic Idea Into The Democratic Debate. Silicon Valley Isn’t So Happy About That.

Andrew Yang Injected Silicon Valley’s Favorite Economic Idea Into The Democratic Debate. Silicon Valley Isn’t So Happy About That.

Universal basic income seems like an idea whose time has come — except to some of the very people pushing the idea in the first place. Kiersten Essenpreis for BuzzFeed News During Tuesday night’s Democratic presidential debate, one candidate after the other came out in support of Universal Basic Income. Leading off was Andrew Yang, the tech entrepreneur who’s built his campaign on the idea of giving a “freedom dividend” of $12,000 per year — guaranteed income, no strings attached — to every adult American. Then, while discussing automation, former Housing and Urban Development secretary Julián Castro said he’d […]

Andrew Yang says $1,000 a month for every American will create a ‘trickle-up economy’ — here’s what 2020 Democrats say about universal basic income

Andrew Yang says $1,000 a month for every American will create a ‘trickle-up economy’ — here’s what 2020 Democrats say about universal basic income

Presidential candidate Andrew Yang, a businessman who has made a $1,000-a-month “Freedom Dividend” a centerpiece of his platform, argued at Tuesday night’s Democratic debate that his plan would build a “trickle-up economy.”

“It will enable us to do the kind of work that we want to do,” Yang said . “This is the sort of positive vision in response to the fourth industrial revolution that we have to embrace as a party.”

His comments came in response to a question about why his universal basic income proposal was “better” than Sen. Bernie Sanders’s proposal for guaranteed federal jobs . Yang said […]

Guaranteed Income Supplement Table 3

Old Age Security Pension (OAS) together with Guaranteed Income Supplement War Veterans’ Allowance. Partial annuitization is a critical design feature of a plan distribution option, since it allows plan participants to secure a level of guaranteed income and also withdraw, over time, the remaining assets in their retirement portfolio. This is possible because the lifetime income is in the form of regular withdrawals from your Contract rather than annuitized payments. (3) If the first payment of the Provincial senior’s supplement is made after the date on which. UBS-1-I dated April 5, 2018 and this pricing supplement. Health Food Diet […]

Universal basic income advocates warn Yang’s ‘Freedom Dividend’ would harm low-income Americans

Universal basic income advocates warn Yang's 'Freedom Dividend' would harm low-income Americans

Universal basic income advocates warn Yang’s ‘Freedom Dividend’ would harm low-income Americans Advocates of universal basic income (UBI) are cautioning against Democratic presidential candidate Andrew Yang ’s proposed “ Freedom Dividend ,” saying it would hurt low-income Americans.

In interviews with economists and organizations that promote UBI in the United States, experts said Yang’s version could do more harm than good because some Americans would need to choose between accepting $1,000 a month and receiving certain public assistance benefits.

“While the Freedom Dividend has many characteristics that we support, forcing people to choose between current social programs and a basic income […]

What pension issues are parties highlighting in run-up to federal election?

What pension issues are parties highlighting in run-up to federal election?

As the federal Conservative Party finally introduced its election platform last week, it included a number of provisions around pension plan solvency and retirement security.

If elected, the party said it will mandate that all federally regulated companies report on the solvency of their pension funds. “This will give seniors the confidence that their hard-earned pensions are being well-managed and will alert them if their pension funds are being mishandled,” it noted.

Read: Federal election platforms include health-care, pension policy proposals It’s also pledging to allow underfunded pension plans transfer to another, more successful pension plan. And to penalize executives […]