FIN 512 Chapter Notes - Chapter 7: Unemployment Insurance Act 1920, Unemployment Benefits, Disability Insurance

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jademallard37

17 Jul 2012

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Income protection is crucial for most workers during times of job loss, illness, or sickness because when someone cannot work, in addition to losing income, there are frequently additional expenses. Group and individual plans can supplement government plans in those instances where government coverage is either not available or inadequate. Government plans: there are 3 government plans that offer income protection for workers who are not able to work due to the following: Ill health, which is covered by worker s compensation, employment insurance, and canada pension. Unemployment that is short-term and involuntary and is often covered by employment insurance. All of these government programs fall under the descriptor social insurance because their primary focus is to provide compulsory protection for personal risks. Other benefits also fall under this heading, such as canada pension plan, retirement benefits, and death benefits.

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What is the difference between civil liberties and civilrights?

	A.	Civil liberties protect citizens fromgovernment and civil rights are equal protectionby the government
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emeraldmallard910

The state government is considering spending $60 million to protect a local waterway. If they spend this money, experts tell them that the benefits (mostly coming from protecting local fish and wildlife) will be valued at $8 million per year in years 1 through 10.

a. The government budgeting office uses a discount rate of 7% to evaluate whether this is a good use of government funds. Will they suggest that the government should spend the money? Explain why 7% might be a reasonable discount rate for the government to use in this context.

b. The governmentâs environmental protection agency uses a discount rate of 2% to evaluate whether this is a good use of government funds. Will they suggest that the government should spend the money? Explain why 2% might be a reasonable discount rate for the government to use in this context.

c. Now instead, the government is considering spending $60 million on an environmental protection project that will have benefits of $8 million per year 101 years to 110 years in the future. Will the government think itâs a good idea to spend the money if it uses a discount rate of 2%? Some would argue that the government should instead use a discount rate of 0% in this case. Explain why and show whether the government should spend the money if it uses a 0% discount rate.

ultramarineguinea-pig504

1-For home owner insurance policy (HO3), there is a 80% rule. It is actually a coinsurance clause applied to the building structures. Explain what it means and how does it work?

2-In employee benefits chapter, can you explain why employers are interested in providing employee benefits to their employees?

3-Explain the difference between a defined contribution and a defined benefit plan in retirement saving plans.

4-Describe the characteristics of a government insurance program.

5-What are the requirements for receiving Social Security disability benefits?

FIN 512 Chapter Notes - Chapter 7: Unemployment Insurance Act 1920, Unemployment Benefits, Disability Insurance

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