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Adams Funds, formerly Adams Express Company, is an investment company made up of Adams Diversified Equity Fund, Inc. ( NYSE : ADX ), a publicly traded diversified equity fund , and Adams Natural Resources Fund Inc. ( NYSE : PEO ), formerly Petroleum & Resources Corp., a publicly traded closed-end fund focused on energy and natural resources stocks.
Insurance premiums from many insureds are used to fund accounts reserved for later payment of claims – in theory for a relatively few claimants – and for overhead costs. So long as an insurer maintains adequate funds set aside for anticipated losses (called reserves), the remaining margin is an insurer's profit .
Founded in 1816, the Philadelphia Saving Fund Society was the first savings bank to organize and do business in the United States. [2] [3] Savings banks had existed in Europe for years and in the early 1810s had grown rapidly through Great Britain.
Pax World launched the first socially responsible mutual fund in the United States in 1971. [1]The company was founded by Luther Tyson [2] and Jack Corbett, [3] both of whom had worked on peace, housing and employment issues for the United Methodist Church.
On August 28, 2005, Medco Health Solutions contributed $5,000 to the Southwestern Oklahoma State University College of Pharmacy Scholarship Fund. [ 13 ] In October 2005, Medco was selected as the finalist of a three-year pharmacy benefit contract for the California Public Employees' Retirement System (CalPERS) Self-Funded Health Plans to begin ...
The Christopher & Dana Reeve Foundation is a charitable organization headquartered in Short Hills, New Jersey, dedicated to finding treatments and cures for paralysis caused by spinal cord injury and other neurological disorders.
In 1996 the practice was banned by state law. In 2013, Governor Andrew Cuomo proposed lowering the reserve requirements for second-injury claims to match those required for private insurers, in order to transfer $1.75 billion out of NYSIF's reserve funds over four years. [12]
Federal Employees Retirement System - covers approximately 2.44 million full-time civilian employees (as of Dec 2005). [2]Retired pay for U.S. Armed Forces retirees is, strictly speaking, not a pension but instead is a form of retainer pay. U.S. military retirees do not vest into a retirement system while they are on active duty; eligibility for non-disability retired pay is solely based upon ...