Bibliographic data

Document EP000000332770A1 (Pages: 13)

Bibliographic data Document EP000000332770A1 (Pages: 13)
INID Criterion Field Contents
54 Title TI [DE] Pensionskassensystem.
[EN] Improved pension benefits system.
[FR] Système pour caisse de retraite.
71/73 Applicant/owner PA PENSION BENEFITS SYSTEM TRUST, US
72 Inventor IN HALLEY GUSTAVO M, US ; YANES JULIO M, US
22/96 Application date AD Mar 15, 1988
21 Application number AN 88302239
Country of application AC EP
Publication date PUB Sep 20, 1989
33
31
32		 Priority data PRC
PRN
PRD		 AU
1418288
Apr 5, 1988
33
31
32		 PRC
PRN
PRD		 AU
8149191
Jul 30, 1991
33
31
32		 PRC
PRN
PRD		 BR
8801753
Apr 8, 1988
33
31
32		 PRC
PRN
PRD		 CN
88102215
Apr 9, 1988
33
31
32		 PRC
PRN
PRD		 US
78361085
Oct 3, 1985
51 IPC main class ICM G06F 15/30
51 IPC secondary class ICS
IPC additional class ICA
IPC index class ICI
Cooperative patent classification CPC G06Q 40/00
G06Q 40/02
G06Q 40/08
MCD main class MCM
MCD secondary class MCS G06Q 40/00 (2012.01)
MCD additional class MCA
57 Abstract AB [EN] An improved pension benefits system for enrolled employees (e1, e2, e3...) of subscriber employers (e1, e2, e3...) including a master trust institution (10) and a life insurer institution (12). The master trust institution (10) computes and receives each subscriber employer's periodic payment (c1, c2, c3...) thereinto based primarily upon that employer's number of current employees (e1, e2, e3...), their ages and monthly earnings; purchases and retains a life insurance policy from the life insurance institution (12) covering each enrolled employee (e1, e2, e3...); invests in available securities to generate interest income; provides specific accurate future projections of periodic benefits (18) for retirement, death, or disability; receives all life insurance policy proceeds upon the death of each enrolled employee (e1, e2, e3...); and distributes all periodic payable benefits (18). Funding a significant portion of payable periodic benefits (18) by life insurance policy proceeds retained within the master trust institution (10) is one truly unique feature of this system; life insurance having prescribed amounts of whole life and progressive one-year term dividend rider components is yet another. The level of benefits (18) begins to increase yearly, preferably at a fixed rate simple, from the date of enrollment of each employee (e1, e2, e3...), to help defer the effects of inflation on future purchasing power of future payable benefits.
56 Cited documents identified in the search CT DE000002716648A1
US000004648037A
US000004694397A
56 Cited documents indicated by the applicant CT
56 Cited non-patent literature identified in the search CTNP Elektronische-Rechenanlagen, Vol. 22, No. 6, 1980, pages 281-288, P. WINKLER: "Buergernahe Verwaltung in der Sozialversicherung mit Hilfe der EDV". 0
56 Cited non-patent literature indicated by the applicant CTNP
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Search file IPC ICP G06F 17/60 B