Article Abstract:
Women over 65 years receive a monthly mean income of $269 and an average of $450 monthly from Social Security as compared to $591 and $600 for men, respectively. Women, as a result, constitute 3/4 of the elderly persons living below the poverty line. Many women do not have pensions because they generally work for small companies that do not offer pension benefits. The Tax Reform Act of 1986 may have increased the vested pension benefits women will earn annually but this is not enough. What is needed is the development of a pension system that is more responsive to the needs of women.
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Article Abstract:
A new tax reform package will ease restrictions that hinder pension trusts and other tax-exempt organizations from investing in real estate. The package will ease Unrelated Business Investment Tax restrictions against seller-financing and sale-leasebacks. It will also allow pension trusts to own a maximum of 25% of public and private real estate investment trusts (REITs). This is a welcome development since developers will have to package properties as REITs as industry thrust increasingly centers on asset management.
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Article Abstract:
The devaluation of core properties in the 1980s recession has caused many pension fund managers to reconsider including real estate assets in portfolios. However, a funds manager with a thorough knowledge of the economic performance of real estate assets would relaize that its addition to any portfolio would be a desirable diversification. Aside from low volatility and risk, industrial grade real estate constitutes only a small percentage of the pension fund portfolio.
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