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Simple English definitions for legal terms

nonactuarially sound retirement system

Read a random definition: Brussels Act

A quick definition of nonactuarially sound retirement system:

A nonactuarially sound retirement system is a type of retirement plan that uses the money contributed by people currently working to pay for the benefits of those who are already retired. This means that the plan does not invest the contributions to pay for future benefits. This is different from an actuarially sound retirement system, which invests contributions to ensure that there is enough money to pay for future benefits.

A more thorough explanation:

Definition: A retirement plan that uses current contributions and assets to pay current benefit obligations, instead of investing contributions to pay future benefits.

Example: A company's retirement plan that only uses the current contributions from employees to pay out benefits to retirees without investing any of the contributions for future benefits is a nonactuarially sound retirement system.

This means that the retirement plan is not sustainable in the long run because it does not take into account the future needs of retirees and the potential for inflation. As a result, the retirement plan may not have enough funds to pay out benefits to future retirees.

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General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

BulbasaurNoLikeCardio

12:08

*him not doing a long time

snow

12:08

need to see what all he is charged with tbh

snow

12:09

and the possibility for parole in new york

snow

12:09

in texas murder is a 3g offense and he would have to do have that time before parole eligibility. idk how new york works

snow

12:11

half

BulbasaurNoLikeCardio

12:11

Too public of a case, they have to go hard on the dude and in a couple years when people forget I am sure he can apply and get a lesser sentence or possibility of parole added. Dude needs to blame all the self medication he did

snow

12:13

that works in his favor that the case is public, at least this case. thats why i think the state shouldnt be scared to bust the jury if they really want to get him

Unrepentant-Caucasian

12:14

@snow: I don't know what you mean by "bust the jury"

Unrepentant-Caucasian

12:14

Can you elaborate?

BulbasaurNoLikeCardio

12:15

I also do not forsee him being the kind of person being able to function and be good in prison. Going to be a wake up call

BulbasaurNoLikeCardio

12:16

He thinks his back is broke now... wait until Bubbah shows him what a broke back really is

snow

12:16

yep, in jury selection you get a panel of jurors come in and from there you eliminate the ones that you dont want, until you get twelve. "busting the jury panel" means that there wouldnt be enough jurors to form a jury for the case so they would have to get another panel

windyMagician

12:17

uw sending cycle update emails when they've had me in complete for 2 months is crazy work

snow

12:17

so if i were the state, i wouldnt be scared to go through multiple panels to get a good jury. the judge would probs be mad but oh well

windyMagician

12:18

he'll be fine in prison. he also probably has a fed case being built against him.

BulbasaurNoLikeCardio

12:18

I imagine getting a non-biased jury will be very hard

snow

12:18

thats why the state shouldnt be scared to go through multiple panels. the judge would probs get mad but its your case to prove

Unrepentant-Caucasian

12:18

That makes sense. It's a plus for the state as well, since it's not like they're going to let him make bail. Any time up to the trial he'll just spend in jail

windyMagician

12:19

they got unbiased panels for Nikolas Cruz and Daniel Penny, it'll be fine

snow

12:19

yeah, but I think those were capital cases

snow

12:19

jury selection is different for capital cases

windyMagician

12:19

Daniel penny was not a capital case

BulbasaurNoLikeCardio

12:19

@windyMagician: I would say depends the prison, I have met a lot of golden spoon children who could not handle the strictness of the military and lack of freedom. So many attempted suicides. I am sure prison is much worse

snow

12:20

ohh the subway guy, my b

windyMagician

12:20

not tryna be racist but he just needs to stick with the italians

BulbasaurNoLikeCardio

12:21

I do not believe they found a truly un-biased case for Daniel Penny. Finding someone in new york who hasn't been in a subway cart while criming is happening? Idk the statistic of those who witness or are victims of crimes on subway carts but I am sure it is very high

windyMagician

12:21

that's a good thing. juries should be biased in favor of the defense.

Unrepentant-Caucasian

12:21

Honestly, that would be an incredible arc. Goes to NYS prison, gets taken under the wing of some geriatric wiseguys, then gets out and re-starts the Mob

snow

12:21

in theory yes, the defense did really good with that jury

windyMagician

12:22

we have a presumption of innocence in this country, time to start acting like it

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