Conservapedia - User contributions [en]

Conservapedia:Desk/Abuse

2007-07-12T18:37:10Z

TJSmith: Abuse by sysop Fox

<big>Abuse Complaints</big><br>
<sup>Archives:[[Conservapedia:Desk/Abuse/Archive1|1]]</sup>

== Abuse by sysop Fox ==

I was permanently blocked under username TraJSmith by Fox apparently for being a liberal parodist.

I have written no parodies on this site. I either contribute short, but stragiht forward factual issues, usually on matters financial, or offer opinions on discussion pages. My opinions are liberal, however.

What parody was written?

Should a sysop be given power to permanently delete a user for anything less than an egregious crime?

Vesting

2007-07-12T18:22:12Z

TJSmith: New page: Vesting is a term used in both Defined Benefit and Defined Contribution Pension Plans. When an employee is fully vested, such employee is entitled to the full benefits of the plan. Vesti...

Vesting is a term used in both Defined Benefit and Defined Contribution Pension Plans. When an employee is fully vested, such employee is entitled to the full benefits of the plan. Vesting can be gradual, or discrete.

For gradual vesting, as an example, if an employee vests at 20% per year, if they leave after three years they will be 60% vested. With discrete vesting, say after five years, an employee is entitled to nothing until the five year post is reached, in which case they enjoy full benefits.

Pension

2007-07-12T18:17:26Z

TJSmith: Expanded a bit on the difference between DB and DC plans

A '''Pension''' is a benefit paid to people [[retired]] after their [[employment]].
Two major types of Pensions exist, Defined Benefit Plans, and Defined Contribution Plans.

Defined Benefit plans provide a known amount to the retiree. The pension benefit is usually based as a percentage of the employee's last year of work or average of some 3 to 5 last years of work. While such pensions are still common in the public sector they are rapidly disappearing from corporate America.

Defined Contribution plans are tax deferred savings plans whereby an employee can save money towards his or her retirement. This saved money plus the investment income earned thereon becomes the basis of the retiree's post retirement income. Many companies will assist employees by adding company funds to the employee's contributions. These plans are often known by the section of the IRS code that allows them; 401(k).

An important distinction between the two types of plans is that defined benefit plans are not portable. Changing jobs before retirement age will always result in a greatly reduced pension. Such restrictions do not normally apply to defined contribution plans provided the employee has vested.

[[Social_Security|Social Security]] Plans can supplement the Pensions of individuals, in addition to other savings that a person may have to fund retirement living.