Social justice pension

Companies are increasingly taking a stand on social justice issues, for reasons both moral The May 2020 killing of George Floyd by a white police officer was a major catalyst. Some companies posted black squares on their social media pages for Black Out Tuesday, a social media event that sought to amplify Black voices. Some released statements of solidarity on their social media accounts. Some provided a platform for their Black employees to provide their experiences on being Black in America. And others revamped or adopted Diversity, Equity, and Inclusion departments, provided racial bias training, or implemented goals on hiring, retaining and promoting more Black employees. Recently, with the implementation of the Texas anti-abortion law, some companies immediately In September, There are limits, however, as to how far companies will go – leaving them open to accusations of being disingenuous. Earlier this year, corporations including Atlanta-headquartered Coca Cola and Delta Airlines said they didn’t support Georgia’s new voting law that placed restrictions on voter access. However, they also didn’t sign a statement released and This illustrates how even when companies attempt to be socially progressive — no matter how genuine and desirable their aims — the bottom line is what really matters. After all, public companies must first answer to their shareholders. Portland, Ore. resident, Eboni Williams, feels that corporations involving themselves in social justice is insi...

Recent moves by many to privatize social security view the Social Security system as a savings and investment plan for middle-income workers. This view distorts the debate, because that is not what Social Security was intended to be and not what it has been up to this point. Social Security was created to prevent poverty in old age. To the extent it is privatized, its ability to perform that function will be reduced. Such proposals should therefore be carefully examined by those who take seriously the social teaching of the Catholic Church. Social Security is not and has never been an investment plan. It is an intergenerational contract among workers, supervised by the government. Workers agree to pay to the government a certain amount in payroll taxes while at work. The government agrees that when they reach a certain age they can stop working, and it will pay benefits to them out of taxes it receives from those currently working. The proposals that are referred to as privatizing Social Security are basically plans that would change it into an investment plan. Workers would put funds into an individual account and would be allowed to draw out of that account to the extent that the investments of the account were successful. The proponents of privatization can point to numerous ways in which the money collected for Social Security could have yielded a better return if it had been treated as an investment. When viewed as an investment plan, Social Security has not been nota...

Hostname: page-component-594f858ff7-jtv8x Total loading time: 0 Render date: 2023-06-16T07:09:42.669Z Has data issue: false Feature Flags: hasContentIssue false This article analyses critically the applicability of current theories of welfare state retrenchment to the 2004 public pension reform in Mexico, with the 1995 reform acting as a complementary case. In particular, this article contributes to the literature by analysing the reasons for which a potentially unpopular reform was successfully enacted. Available evidence suggests that – contrary to the existing literature's assertions – Mexican politicians responsible for the 2004 reform sought credit for these changes, rather than to avoid blame. Also, by presenting the reform as necessary to enhance socioeconomic equality, politicians were able to gather substantial popular support and defeat labour unions opposing this pension restructuring process. Hence, we propose that by framing the public debate as a matter of social justice, promoters of pension reform increased significantly popular support for the retrenchment of important benefits from a core group of civil servants, and successfully pressured Congress to promulgate this reform. We suggest that this created a reform path that will facilitate future efforts at reforming the remaining public pension schemes in Mexico. To save this article to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your ...

Donald Trump LIVE: Trump leaves Ron DeSantis red-faced in bombshell new swing state poll Pensions minister Laura Trott has said it is her “social justice mission” to close the income gap between gold-plated “final salary” pensions, mainly used by the public sector, and the less generous schemes most private sector workers save into. © Provided by The Telegraph Laura Trott MP “Defined benefit” pensions guarantee an inflation-proofed income in retirement for life. Load Error Most public sector workers, including MPs, are members of these schemes These workers typically save into defined contribution schemes, which invest their savings over the course of their career and are vulnerable to shocks in the stock market. It means that while retired public servants receive a predictable income each year, most other retirees have to constantly monitor their pension to make sure they do not run out of money. Ms Trott, who became pensions minister less than a year ago, said she approached all of her roles with a “need to define a social justice mission”. “I needed to find the thing that I was fighting for in the Department [for Work and Pensions]. And for me that was quite easy from a DB, DC divide,” she said. “I didn’t think it was fair… the differential between those who retired on a defined benefit pension, which is guaranteed and can fall back on the PPF [Pension Protection Fund] if there is a problem, and the risk which falls entirely on the individual in DC, with not enough focu...

Hostname: page-component-594f858ff7-jtv8x Total loading time: 0 Render date: 2023-06-16T07:09:42.669Z Has data issue: false Feature Flags: hasContentIssue false This article analyses critically the applicability of current theories of welfare state retrenchment to the 2004 public pension reform in Mexico, with the 1995 reform acting as a complementary case. In particular, this article contributes to the literature by analysing the reasons for which a potentially unpopular reform was successfully enacted. Available evidence suggests that – contrary to the existing literature's assertions – Mexican politicians responsible for the 2004 reform sought credit for these changes, rather than to avoid blame. Also, by presenting the reform as necessary to enhance socioeconomic equality, politicians were able to gather substantial popular support and defeat labour unions opposing this pension restructuring process. Hence, we propose that by framing the public debate as a matter of social justice, promoters of pension reform increased significantly popular support for the retrenchment of important benefits from a core group of civil servants, and successfully pressured Congress to promulgate this reform. We suggest that this created a reform path that will facilitate future efforts at reforming the remaining public pension schemes in Mexico. To save this article to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your ...

Donald Trump arrested: Trump makes a deal with Jack Smith on Justice Department discovery info Pensions minister Laura Trott has said it is her “social justice mission” to close the income gap between gold-plated “final salary” pensions, mainly used by the public sector, and the less generous schemes most private sector workers save into. © Provided by The Telegraph Laura Trott MP “Defined benefit” pensions guarantee an inflation-proofed income in retirement for life. Load Error Most public sector workers, including MPs, are members of these schemes These workers typically save into defined contribution schemes, which invest their savings over the course of their career and are vulnerable to shocks in the stock market. It means that while retired public servants receive a predictable income each year, most other retirees have to constantly monitor their pension to make sure they do not run out of money. Ms Trott, who became pensions minister less than a year ago, said she approached all of her roles with a “need to define a social justice mission”. “I needed to find the thing that I was fighting for in the Department [for Work and Pensions]. And for me that was quite easy from a DB, DC divide,” she said. “I didn’t think it was fair… the differential between those who retired on a defined benefit pension, which is guaranteed and can fall back on the PPF [Pension Protection Fund] if there is a problem, and the risk which falls entirely on the individual in DC, with not enoug...

Companies are increasingly taking a stand on social justice issues, for reasons both moral The May 2020 killing of George Floyd by a white police officer was a major catalyst. Some companies posted black squares on their social media pages for Black Out Tuesday, a social media event that sought to amplify Black voices. Some released statements of solidarity on their social media accounts. Some provided a platform for their Black employees to provide their experiences on being Black in America. And others revamped or adopted Diversity, Equity, and Inclusion departments, provided racial bias training, or implemented goals on hiring, retaining and promoting more Black employees. Recently, with the implementation of the Texas anti-abortion law, some companies immediately In September, There are limits, however, as to how far companies will go – leaving them open to accusations of being disingenuous. Earlier this year, corporations including Atlanta-headquartered Coca Cola and Delta Airlines said they didn’t support Georgia’s new voting law that placed restrictions on voter access. However, they also didn’t sign a statement released and This illustrates how even when companies attempt to be socially progressive — no matter how genuine and desirable their aims — the bottom line is what really matters. After all, public companies must first answer to their shareholders. Portland, Ore. resident, Eboni Williams, feels that corporations involving themselves in social justice is insi...

Recent moves by many to privatize social security view the Social Security system as a savings and investment plan for middle-income workers. This view distorts the debate, because that is not what Social Security was intended to be and not what it has been up to this point. Social Security was created to prevent poverty in old age. To the extent it is privatized, its ability to perform that function will be reduced. Such proposals should therefore be carefully examined by those who take seriously the social teaching of the Catholic Church. Social Security is not and has never been an investment plan. It is an intergenerational contract among workers, supervised by the government. Workers agree to pay to the government a certain amount in payroll taxes while at work. The government agrees that when they reach a certain age they can stop working, and it will pay benefits to them out of taxes it receives from those currently working. The proposals that are referred to as privatizing Social Security are basically plans that would change it into an investment plan. Workers would put funds into an individual account and would be allowed to draw out of that account to the extent that the investments of the account were successful. The proponents of privatization can point to numerous ways in which the money collected for Social Security could have yielded a better return if it had been treated as an investment. When viewed as an investment plan, Social Security has not been nota...