HOUSE_OVERSIGHT_021012.jpg
1.21 MB
Extraction Summary
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People
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Organizations
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Quotes
Document Information
Type:
Presentation slides / congressional oversight document
File Size:
1.21 MB
Summary
The document consists of two presentation slides (pages 341 and 342) from a report titled 'USA Inc. | What Might a Turnaround Expert Consider?' produced by KPCB (Kleiner Perkins). The first slide defines pension plan types ('Guaranteed' vs. Defined Contribution). The second slide outlines a strategy to 'Focus on Expenses' by reforming entitlement programs (Social Security, Medicare/Medicaid) and improving operating efficiency (reviewing wages, pensions, unions, and considering headcount reduction). The document bears the Bates stamp HOUSE_OVERSIGHT_021012.
Organizations (4)
| Name | Type | Context |
|---|---|---|
| KPCB | ||
| Kleiner Perkins Caufield & Byers | ||
| USA Inc. | ||
| House Oversight Committee |
Key Quotes (5)
"“Guaranteed” Pension Plan – Retirees receive predetermined monthly retirement benefits from employers despite the funding status / investment returns of their pension funds."Source
HOUSE_OVERSIGHT_021012.jpg
Quote #1
"Focus on Expenses"Source
HOUSE_OVERSIGHT_021012.jpg
Quote #2
"Restructure Social Security"Source
HOUSE_OVERSIGHT_021012.jpg
Quote #3
"Restructure Medicare & Medicaid"Source
HOUSE_OVERSIGHT_021012.jpg
Quote #4
"Review Government Cost Structure & Consider Reducing Federal Headcount"Source
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Quote #5
Full Extracted Text
Complete text extracted from the document (1,153 characters)
Review Pension: Pension Plan Definitions / Characteristics
• “Guaranteed” Pension Plan – Retirees receive predetermined monthly retirement benefits from employers despite the funding status / investment returns of their pension funds. Also known as defined benefit pension plan.
• Defined Contribution Pension Plan – Retirees contribute specified amounts to their pension funds and receive variable monthly retirement benefits depending on investment returns. Examples include Individual Retirement Accounts (IRAs) and 401(k) plans.
KPCB
www.kpcb.com
USA Inc. | What Might a Turnaround Expert Consider? 341
www.kpcb.com
USA Inc. | What Might a Turnaround Expert Consider? 341
1
Focus on Expenses
Reform Entitlement Programs
Restructure Social Security
Restructure Medicare & Medicaid
Restructure Social Security
Restructure Medicare & Medicaid
Focus on Operating Efficiency
Review Federal Wages & Benefits
Review Government Pension Plan Characteristics & Compare with Private Sector Plans
Review Role of Unions
Review Government Cost Structure & Consider Reducing Federal Headcount
Determine if There are Non-Core ‘Business Lines’ That Can Be Centralized / Locally Out-Sourced
Review Federal Wages & Benefits
Review Government Pension Plan Characteristics & Compare with Private Sector Plans
Review Role of Unions
Review Government Cost Structure & Consider Reducing Federal Headcount
Determine if There are Non-Core ‘Business Lines’ That Can Be Centralized / Locally Out-Sourced
KPCB
www.kpcb.com
USA Inc. | What Might a Turnaround Expert Consider? 342
www.kpcb.com
USA Inc. | What Might a Turnaround Expert Consider? 342
HOUSE_OVERSIGHT_021012
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