Personal account retirement plans: an analysis of the survey of consumers finances

This report is based on data from the Federal Reserve Board's triennial Survey of Consumer Financies (SCF), which provides the most comprehensive data available on the wealth of American households. The most recent SCF data are for 1998, and this report tracks information from the 1992, 1995, and 1998 surveys. The percentage of families with a participant in a pension plan from a current job increased from 38.8 percent to 41.0 percent over this six-year period. If one focuses exclusively on those families with a worker and in which the head is under age 65, the percentage for 1998 increases to 56.8 percent. The previously documented trend toward defined contribution plans was confirmed and the significance of 401(k)-type plans for those families participating in a pension plan more than doubled, from 31.6 percent in 1992 to 64.3 percent in 1998. The percentage of family heads eligible to participate in a defined contribution plan that did so increased from 73.8 percent in 1995 to 77.3 percent in 1998. Of those families choosing not to participate in a defined contribution plan, 40.3 percent were already participating in a defined benefit plan. Overall, "personal account plans" represented nearly one-half (49.5 percent) of all the financial assets for those families with either a defined contribution plan account, IRA, or Keogh, in 1998. This was a significant increase from 43.6 percent in 1992. The average total account balance in personal account plans for families with a plan in 1998 was $78,417, an increase of 54 percent in real terms over the 1992 balance of $50,914 (expressed in 1998 dollars). For families participating in a defined contribution plan, IRA, or Keogh in 1998, 52 percent of the overall average was attributed to IRA/Keogh balances (43 percent from IRAs alone), and 44 percent of the average was from account balances in defined contribution plans with the current employer. There is a marked tendency for lower-income families to have larger percentages of their total personal account plan retirement portfolio in IRAs, although this trend appears to be fading with time. The impact of rollovers on the average total account balance for all individual account balances appears to be quite large: $152,451 for those with at least one rollover, versus $78,471 for all families participating in at least one personal account plan, regardless of whether they have had a rollover. The vast majority of the rollovers would appear to be going to IRAs, as opposed to a defined contribution plan with a new employer.     

The quest for a universal social work: some issues and implications

What debates and issues are involved in moves to generalise about social work across the globe? This paper attempts to examine some of these major debates and, in so doing, to suggest some directions for a flexible approach. Crucial to these debates are several tensions around the issues of Westernisation, localisation and indigenisation in social work. It is also important to seek clarity around the complexities of international social work. The political implications involved in these movements are discussed and possible approaches to finding a flexible framework which allows for differences yet provides for accountability, responsiveness and connectivity are suggested.     

AIDS: implications for employee benefit plans and personnel policies.

Current projections indicate an inexorable increase in AIDS cases, with no cure in sight. The disease is affecting primarily those aged 21 to 44--those who have, in the past, been the main participants in employer-sponsored benefit plans and Social Security. Humane, economically viable benefit plan and personnel policy solutions to this public health catastrophe are described herein.     

The object relations implications of taping individual therapy sessions

The Bogolob paper on Tape Recorders in Clinical Sessions (this volume) contains valuable perspectives on the use of tape recording in psychotherapy, but it fails to adequately develop the concept of client reaction to taping when it classifies negative transference reactions as psychopathology. This paper offers a variation on Bogolob's themes by suggesting that object relations theory offers a more useful framework for interpretation of therapist and patient behaviors following introduction of tape recording in psychotherapy sessions.     

Welfare-reducing growth despite individual and government optimization

In the presence of substantial relative-income effects and environmental disruption effects, economic growth may be welfare-reducing even if each and all individuals are optimizing and eagerly trying to make more money and the government also maximizes the welfare of individuals by the choice of income-tax rate and the ratio devoted to the abatement of environmental disruption. Welfare-reducing growth may be avoided if environmental disruption may be directed taxed at low costs and/or government spending on public goods is not environmentally disruptive. Received: 2 September 1998/Accepted: 16 February 2000     

UK Government Communication: The Cameron years and their ongoing legacy

This paper chronicles in detail, analyses and draws conclusions about the development of the UK Government Communication Service (GCS) from the election of the Coalition Government led by David Cameron in May 2010, to his resignation following the referendum vote to leave the European Union (EU) on 23rd June 2016. Looking at the radical changes introduced within a historical context, the paper also provides a conceptual model of Government communication from the point where it became a recognisably government-wide service in 1956 to the period under examination.The methodological approach to this paper is qualitative using case study as the main method. A variety of data collection methods were used: ethnographic, including non-participant and participant observation, in-depth, semi-structured interviews with six senior managers in the Government Communication Service (GCS), five senior operational managers and two external experts. This primary research is supplemented by secondary sources including the academic literature and Government papers most of which are in the public domain, but some of which the author had privileged access to.Context is provided through an overview of the challenges facing the UK Government in the recent past and currently, a brief literature review and background on the philosophy and origins of Government Communication in the UK along with changes in the civil service more broadly. Then the structural and operational changes introduced During the Cameron years are presented. These changes, their impact and implications are discussed in context and conclusions drawn. A novel historiological, conceptual model of four chronological stages of UK Government communication presented and this, along with the detailed analysis of the Cameron years, is its original contribution.     

Estimation of elderly housing demand in an Asian city: Methodological issues and policy implications

Projection of elderly housing demands and needs has always been complex because of the volatility and heterogeneity of the factors involved. This paper argues that in a society where the tradition of elderly parents co-habiting with the children's family is breaking up, the projection of elderly housing demands for planning and policy purposes may not be scientifically possible. This owes to the impossibility to gauge housing affordability of the elderly by conventional indicators and the lack of information on the market behaviour of the elderly alone. This paper suggests the analysis of pre-retirement income, housing arrangements and housing aspiration to help elderly housing service providers to make more informed decisions. However, the projection of housing needs is more plausible if the underlying demographic projection models take care of major demographic trends such as household sizes and types, and if surveys are carried out to gauge housing aspirations of contemporary elderly persons. By using the above methods, the paper projected the future elderly housing needs and demands of Hong Kong, and found that public rental housing was perceived as the most secure type of housing regardless of affordability. This preference may reflect anomalies in elderly policies, particularly the lack of housing choices to suit the varied needs and affordability.     

Organizational issues that impact on non-use of equipment for individual protection: a view of ergonomics

The investigative focus of this paper is the issue of non-use of PPE (personal protective equipment) in a trading company of chilled and frozen food products. To conduct the study we have used an ergonomic work analysis that allowed us to highlight important organizational aspects that contribute to the non-use of such equipment. In conclusion, there are suggestions for minimizing problems.     

Union organizing expenditures: Determinants and their implications for union growth

This paper explores some implications of the economics of union organizing. Following the literature, it is argued that the economic costs and benefits of organizing are systematically related to the proportion of the union’s jurisdiction already organized. Evidence is presented that unions do allocate a smaller proportion of their budgets to organizing when a greater proportion of their jurisdiction is already organized. Total union organizing expenditures, however, are found to increase over a broad range as the percentage organized increases. The supply of union-organizing services to unorganized workers apparently only declines at relatively high levels of union penetration. These critical levels of unionization have been attained only by a few U.S. labor organizations.