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Collective trust funds or Collective Investment Trusts (CITs) are a legal trust administered by a bank or trust company that combines assets for multiple investors who meet specific requirements set forth in the fund’s declaration of trust. [1] Typically, a collective trust pools assets from corporate and governmental profit sharing, pension ...
The trustees credit the improvement to the country's strong job market and wage growth over the past year. The fund that pays out monthly benefits to seniors—known as the Social Security Old-Age ...
The Police Burial Fund was established at a cost of 50 cents a month and paid a benefit of $200 initially but was raised to $500 in time. In 1925, the City of Houston initiated the delivery of complimentary municipal healthcare services for all city employees at the Historic Jefferson Davis Hospital, located in Houston's Historic First Ward ...
Citizens Property Insurance Corporation (Citizens) was created in 2002 from the merger of two other entities to provide both windstorm coverage and general property insurance for home-owners who could not obtain insurance elsewhere. It was established by the Florida Legislature in Chapter 627.351 (6) Florida Statutes as a not-for-profit insurer ...
In a significant turn of events for the real estate industry, the NAR reached a proposed $418 million settlement agreement in a class-action antitrust lawsuit. The lawsuit, brought on by a group ...
The burden is rising among this economic class, he says. 'That ain't freedom': Grant Cardone says this is the No. 1 'problem' with America's middle class — a group he calls 'oppressed' and ...
The Saradha Group financial scandal was a major political scandal caused by the collapse of a Ponzi scheme run by Saradha Group, a consortium of over 200 private companies that was believed to be running collective investment schemes popularly but incorrectly referred to as chit funds [1] [2] [3] in Eastern India. [4]
CIT Group (CIT), a subsidiary of First Citizens BancShares, is an American financial services company. It provides financing, including factoring , cash management , treasury management , mortgage loans , Small Business Administration loans, leasing, and advisory services principally to individuals, middle-market companies and small businesses ...