Marks and Spencer and John Lewis Pension Schemes Case Study

Marks and Spencer and John Lewis Pension Schemes - Case Study Example Until now workers of M&S did not have to make any contribution towards their own pension from their salary and they were entitled to a small part of their final salary as retirement income. Thus compared with John Lewis pension scheme in which workers do not have to make contributions towards the final salary scheme and retirement income from their existing salaries, Marks & Spencer pension scheme has changed so that workers will have to make a final contribution towards their final salary scheme or they may receive lowered benefits later. There are conflicts of interest between employees and trustees in both John Lewis and Marks and Spencer. However John Lewis is a partnership business which means it is largely controlled by employees. The employee trusts adequately maintain the benefits of employee ownership structures and in case of John Lewis there is breakdown of the strict dichotomy between employees and trustees with employees having direct ownership to an extent. However in case of Marks& Spencer, the trustees are responsible for funding and the pension scheme and the employee trustee distinction is quite obvious with both potential and real conflicts within Marks and Spencer. The John Lewis Partnership had still... 3. Defined Benefit/Defined Contribution. Which type of provision suits each organization and why The John Lewis Partnership had still recently reduced the benefits of its pension scheme to cut the costs of its operations and maintenance. However in the last year, with profits up to 27% increase, 85m has been marked out for pension based funds which would be nearly 10% of the company's budget (John Lewis, 2007). The pension costs being very high for the company when compared with other companies, the cutting down of pension costs provide reasonable savings for the company. Recent changes in the M&S salary schemes mean that pension contribution will have to accrue benefits at a slower rate or there has to be limits on the rate at which pensionable salaries rise. Contribution and benefits are tied in case of M&S salary and pension scheme as members contribute to their own salary and benefits by using some for later retirement income. In case of John Lewis benefit schemes, employee contributions are not direct and usually employees are subject to these schemes for their benefit on r etirement. 4. John Lewis Partnership is not a quoted company. How does that affect its pension policy (if at all) Is it a "better or worse" situation in this regard than Marks and Spencer John Lewis being not a quoted company but rather run by the concept of partnership showing that employees claim direct ownership to the business (John Lewis, 2007). Recently John Lewis has also launched a unique share incentive plan and it remains as primarily an employee owned company and this affects its pension policy that focuses on a large share of costs on the

Figuring Fixed Costs Essay Example for Free

Figuring Fixed Costs Essay 10.1 The highest number of meals served was 4,900 in December, with the lowest of meals being 3,500 in July making a difference of 1,400 of meals served, between the two months. The cost per meal variable is 1400à ·$5500.00 for a total of $3.93 (WHDM’s) fixed cost is computed as follows $20,500.00-(3,500*$3.93) =$6,745.00 According to the following â€Å"formula: PX=A+Bx 5.77x=$6,745+$3.93† 5.77-$3.93=$6,745+ ($3.93-$3.93) 1.84x=$6,745 1.84x*1.84x=$6,745*1.84x â€Å"X=3,666 Monthly BEP 3,666*12= 43,992 BEP for the fiscal year† (Oppapers.com, 2012), for the Westchester Home- Service Meal Delivery program, since the program received 45,000 meals to serve and only needed 43,992 of them their profit is going to come from selling the other 1008 meals at a . 84 per meal making a profit of $1,854.72. 10.2 NRCC and Its BEP Annual revenue = $20.00 per subscription Annual variable rise for â€Å"making and mailing six bimonthly issues has risen 4.50 â€Å"(Martin, L., 2001) (NRCC) annual fixed cost is 6,000 + 3,900 = 9,900 Per subscription (NRCC’s) annual margin would be 20-4.5 for a total of 15.5 Making their BEP as follows 9,900/15.5 equaling 639 PX = A+Bx 20x=6,000+3,900+4.50x 20x=9,900+4.50x 20x-4.50x=9,900+ (4.50x-4.50x) 15.5x=9,900 15.5x/15.5x=9,900/15.5x X=639 No way is this feasible, because there are two staff members, who are all ready at the maxim capacity of 650, leaving no capacity for any kind of slack. References: Martin, L. (2001). Financial Management for Human Services Administrators. Needham Heights, MA: Allyn Bacon http://www.oppapers.com, 2012 http://www.studymode.com,2013 University of Phoenix. (2001). Financial Management for Human Service Administrator. Retrieved from University of Phoenix, HSM 260 website.

Politics :: essays research papers

à ¢Ã¢â€š ¬Ã…“Arafat and the PLOà ¢Ã¢â€š ¬? "We must remember that the main enemy of the Palestinian people, now and forever, is Israel. This is a truth that must never leave our minds." --- Palestinian Authority Justice Minister Freih Abu Middein, speaking at Al Azhar University in Gaza. (Al-Nahar, 11 April 1995; The Jerusalem Post, 17 April 1995) As expressed in the above quote, the establishment of the state of Israel in 1948 sparked much resentment from nearby Arab states, which immediately waged war against the new nation. Consequently, a severe refugee problem was created among the Palestinians that had been living in and near the territories that were taken over by Israel. An estimated 726,000 Palestinians were displaced; some were forced to other Arab states in the Middle East, while others were confined to refugee camps in Israel. In the mid-1950s, Arafat and several Palestinian Arab associates formed a movement known as Fatah, dedicated to à ¢Ã¢â€š ¬Ã…“reclaiming Palestine for the Palestinians.à ¢Ã¢â€š ¬? It quickly became the largest and most popular Palestinian organization mostly due to the fact that it did not define a distinct ideology, and kept a rather vague and unspecified platform in order to avoid too close an identification with any one particular Arab country. Fatah and other splinter sects eventually operated under an umbrella organization, the Palestine Liberation Organization, formed in 1964. Arafat, as a member of the Husseini family, had a niche of credibility, an advantage that allowed him to quickly generate a loyal following (Bickerton 147). Running Fatah became Arafat's full-time occupation, and by 1965, the organization was launching guerrilla raids and terrorist attacks into Israel. The PLOà ¢Ã¢â€š ¬Ã¢â€ž ¢s Tumultuous Beginning As Israel emerged victorious in the Six-Day War of 1967, and captured the Golan Heights from Syria, the West Bank from Jordan and the Gaza Strip from Egypt, the Israeli-Palestinian conflict took on a heightened tension. Following th e war, Arafat moved the headquarters of the PLO to Jordan. Terrorist activity was conducted by fundamentalist splinter groups within the PLO, such as the Liberation for Palestine (PFLP), the Palestine Popular Struggle Front, and the Democratic Front for the Liberation of Palestine (DFLP), in an attempt to draw attention to the Palestinian cause. In 1968, Arafat and the Fatah got international publicity when they inflicted a significant defeat on Israeli troops who entered Jordan. These PLO's activities increasingly troubled Jordan's King Hussein because it prevented him from considering any negotiated settlement with Israel.

Peace Essay

Christianity and Islam have similar teachings on peace and it is evident that there is a strong relationship between these fundamental teachings and the ways in which the religious traditions and their organizations actively strive towards world peace. World peace is understood in both faiths, not just as an absence of violence and conflict, but also as an overall sense of wellbeing and social cohesion. Inner peace is essential in achieving world peace, and must be attained in order to work towards peace at a higher level. Christianity teaches that peace is Christ’s parting gift and a concept that begins with Him, â€Å"Peace I leave with you; My peace I give you† (John 14:27). The Catholic peace movement â€Å"Pax Christi† stands for the ‘peace of Christ’ and has launched a policy for a culture of peace and non-violence. â€Å"Pax Christi† uses the teaching of the peace of Christ to guide them, calling adherents to state that they are recognizing their responsibility to â€Å"respect life†¦practice active non-violence [and] defend freedom† (Pax Christi International Manifesto for a Culture of Peace and Non Violence 1999) in order to contribute to the achievement of world peace. Islam teaches that peace can only be attained through the submission to Allah’s will. One is able to submit to Allah through the process of jihad, which is to struggle to overcome the obstacles in the way of submission, or the process of Shahada. The Sufism movement provides Muslims with a path to follow in order to contribute to the attainment of world peace through 3 stations. These mirror the teaching that peace can only be found in Allah, encouraging the submission as the initial step in moving towards world peace, â€Å"Submitting our†¦bodies to Allah is Sufism† (Sufism Equals to Islam). The teaching of submission and anticipation of pleasing Him, establishes a Muslims role in actively working towards achieving world peace. The Quakers are a Christian denomination that follows the principal teaching of pacifism, as modelled by Jesus’ ministry. Christ’s teaching of the Beatitudes is fundamental in guiding the Quakers, especially in â€Å"Blessed are the peacemakers† (Matthew 5:9). The Quakers work towards world peace through things such as rallies and marches for peace and justice, as well as campaigning and raising awareness about social justice and supporting those looking for an alternative to violence. The Quaker’s choice to refrain from war to contribute to world peace can be seen by their silent vigils against war, such as that in King George Square. In 1660, the Quakers presented â€Å"A Declaration from the Harmless and Innocent†¦Quakers†, which has been the basis for the Quaker’s peace testimony in which they strive towards attaining world peace. Rufus Jones, a Quaker, stated that Quakers have an â€Å"obligation to assist and to forward movements and forces which make for peace in the world† (The Quaker Peace Position). Peace is a fundamental aim of Islam and teaches that war is only permitted to overcome oppression and tyranny. The Qur’an teaches that â€Å"whosoever killed a soul†¦it is as if he had killed all mankinds† (Al-Madiah 5:32). However, this is overlooked due to common misconceptions about the Islamic faith, especially due to exploitation by the media. After the violent aftermath of the London bombings in 2005, the NSW Islamic Council stated on their website, â€Å"We firmly hold the view that these killings and atrocities have absolutely no sanction in Islam†¦terrorism†¦has no support from†¦the Islamic community†¦and would never be endorsed†. Partnerships exist between Muslim, Jewish and Christian organizations so that their voices aren’t overlooked, for example the 1991 ‘Prayer for Peace’ in which it was asked, â€Å"Forgive our violence towards each other†. Even though overlooked by the media, Muslims work tirelessly towards world peace. Christianity expresses that justice must come before peace is achieved. In 1972, in the World Day of Peace Message, the Catholic Pope Paul VI said, â€Å"If you want peace, act for Justice†. Accordingly, the Decade to Overcome Violence (DOV), seek peace, justice and reconciliation. In a report titled, â€Å"Called Together to be Peacemakers†, Catholics and Mennonites hoped to work together to assist the WCC’s DOV, stating, â€Å"Our similar identities as ‘peace churches’†¦our commitment to be followers†¦of Jesus Christ†¦Prince of Peace. † They quote John Paul II in the World Day of Peace (2002), â€Å"no peace without justice†, adding, â€Å"in the absence of justice†¦peace is a mirage†¦justice is an inseparable companion of peace† (CTBP 177). It is evident, the relationship between the doctrine of justice before peace, and then the actions to chieve this to strive towards world peace. The Qur’an teaches that, â€Å"Allah guides those†¦to the ways of peace†¦and guides them to a straight path† (5:16), often termed ‘the paths of peace’. This teaching of being guided on a path of peace is demonstrated by the organization Muslim Peace Fellowship, declaring on their website that their main objectives are to â€Å"work together with all people of good will to keep open the straight path† and to â€Å"work against injustice and for peace†¦in our world† (Muslim Peace Fellowship Blog). This organization actively seek world peace through the use of conferences, publications, speeches and interreligious action, as well as interior work and prayer. Evidently, principal teachings in both Christianity and Islam help to guide and encourage both their roles in the attainment of world peace. The fundamental teachings act as guidelines to be interpreted by current followers in order to play a role in the triumph of world peace. There is a strong correlation between the theoretical principal teachings and he actions performed by leaders and adherents to gain peace at a world level.

Mice and Men and Great Expectations Essay

Of Mice and Men and Great Expectations, have many similarities. They both show the way certain characters are treated by society. These similarities may be strong but there are natural differences that come from the different times and places the stories are set in.-as well as the way the authors approach the topic.  Steinbeck begins Of Mice and Men by creating a tranquil scene where everything is seemingly at peace. Steinbeck creates with words images of paradise such as when he writes: â€Å"A few miles south of Soledad, the Salinas River drops in close to the hill-side bank and runs deep and green. The water is warm too, for it has slipped twinkling over the yellow sands in the sunlight before reaching the narrow pool.† A river, which is said to â€Å"run deep†, is calm and slow moving. Its water is clear too, â€Å"twinkling over yellow sands,† it has warm water too and seems perfect-almost too good to be true. Inevitably it is. Of Mice and men is set in the 1930s during America’s great depression. After the stock exchange crashed in New York, money and jobs became hard to find. There was poverty all over America and California, which affected everything. Like the American dream, paradise can only exist with money. Therefore only the wealthy can enjoy this and even then it is spoilt by the poverty surrounding it. The American Dream is a paradox, just like the paradise of Salinas River. They cannot exist because they contradict themselves. Paradise is bliss but how can this exist with so much poverty and suffering in the world? The Salinas River seems briefly to have escaped the paradox. There is no sign of poverty, just peace and tranquillity. Then human life enters the scene. Human life is introduced when a path is described; â€Å"There is a path through the willows and among the sycamores, a path beaten hard by boys coming down from the highway.† It’s the point that the track has been â€Å"beaten hard† that really emphasises what effect humans have had on the river. Other animals leave tracks that are temporary and blend into the scene. Humans have left their path permanently, like a scar it proves that not even the Salinas River can reach paradise. But it is not the only scar, â€Å"In front of the low horizontal limb of a giant sycamore there is an ash pile made by many fires; the limb is worn smooth by men who have sat on it.† Two more scars. The introduction of humans into the scene sees the end of the animal life in the scene. As the humans approach all the wildlife is scared of and the area is completely deserted. â€Å"For a moment the place was lifeless.† The peace is broken and with it any chance of the Salinas River truly becoming paradise.  The story is set in California where few people owned land. They had either lost it due to the financial problems the depression caused or were just too poor to afford any in the first place. The people needed to find work; one of the most common jobs was to work on a farm. These people became known as migrant farmers. They would drift from one farm to the next, rarely settling for long. The two characters that enter the scene are migrant farmers and are looking for work. This is the first introduction of human life into the scene. Great Expectations is set in Victorian England, where just like in 1930s California, the rich thrived and the poor suffered terribly. Even more distressing perhaps was the disease that swept through towns and killed many children as well as adults. This led to an increase in orphans, who have the same feelings of being alone and poor. They have the same problems as many others and weren’t much better off than the criminals in jail. Criminals were treated like animals, as were the poor community as a whole. Just like during the dust bowl, if you weren’t rich then you were a social outcast. After introducing the character Pip, Dickens begins describing his surroundings. Dickens goes into great detail to set the scene. He describes the area as â€Å"Marsh Country† which stretches for twenty miles up to the coast. Pip is in a secluded graveyard overgrown and derelict. Beyond the graveyard is a â€Å"dark flat wilderness,† â€Å"Intersected with dykes and mounds and gates, with scattered cattle feeding on it, was the marshes.† It is a â€Å"raw afternoon towards the evening.† The setting is dark and there is a sense of evil and death about the place. It seems to be building upto something sinister, and does so when the criminal enters the scene. He is described as a â€Å"fearful man, in all course grey with an iron on his leg.† He almost represents death in this scene, an evil presence trying to seize Pip.

Columbus and Genocide 2 essays

Columbus and Genocide 2 essays Recently many American families came together to celebrate the Thanksgiving Holiday. Many Americans observe this holiday as a reminder of when Columbus discovered America. For centuries, Columbus has been hailed as a brave explorer whose daring, perseverance, and navigational knowledge led to the "discovery" of America. In grade schools across America children are taught that Columbus is a hero for discovering America. Although, what most schools in the past have not informed their students of, is the fact that Columbus did a great deal more that discover America. The fact is however that Columbus was no more the discoverer of America than Pocahontas was the discoverer of Great Britain. Native Americans had built great civilizations with many millions of people long before Columbus wandered lost into the Caribbean. Columbus never set foot on North America, nor did he open it to European trade. Scandinavian Vikings already had settlements here in the eleventh century. The first European explorer to thoroughly document his visit to North America was the Italian explorer Giovanni Caboto, who sailed for King Henry VII of England and became known by his anglicized name, John Cabot. Caboto arrived in 1497 and claimed North America for the English sovereign while Columbus was still searching for India in the Caribbean. After three voyages to America and more than a decade of study, Columbus still believed that Cuba was a part of the continent of Asia, South America was only an island, and the coast of Central America was close to the Ganges Ri ver. So not only did he not discover a new continent, he did not realize what he had found (McKay, Hill, Buckler, and Ebrey, 2000) Also, contrary to popular legend, Columbus did not prove that the world was round; educated people had known that for centuries. The Egyptian-Greek scientist Erastosthenes, working for Alexandria and Aswan, already had measured the circumferen...

Visual Analysis of a Beuford Smith Photograph essays

Visual Analysis of a Beuford Smith Photograph essays The piece which I will analyze was shot by Beuford Smith, and is titled These Colors Dont Run. It was taken in 1999 and is a silver gelatin print. It is displayed in Robert B. Menschel Photography Gallery in the Schine Student Center at Syracuse University. The issue at the heart of Smiths print appears to be race and racial tensions, as with many of the other works on display. However unlike some of the others it was not taken in the period during and before the sixties. Rather than this time, which we view as the era of racial change and the peak of racial tension in America, it was taken in 1999 a time were less attention is given to any remaining tension. Nor does the print depict an actual event which we view as a symbol of racial tension, like Million Man March in Washington D.C. and Three Placards, June 14, Anti-Apartheid Rally, Central Park, New York New York City. How exactly is Smith commenting on our current situation and what is he saying? The print is done in black and white making one think that it was in fact taken during the civil rights movement. However this assumption is quickly found to be wrong as one investigates the boys shirt which has the words Operation Desert Storm. By having viewers make this assumption and then find out that it is not so the color serves to emphasize that this is about a current issue. Also the black and white coloring makes it feel more like a factual documentation. The two focal points of the piece are the young African American boy on the out side of the shop and the elderly white woman seated at the counter looking through the glass. The boy has a sad look on his face and has his hands on to caf style tables on the sidewalk. His stance seemed determined his gaze is fixed on something in the street. Although we can assume the boy is not actually thinking of racial issues his appearance may be intended by Smith to represent the larger African American society, un...