Encyclopedia > Comprehensive Income Policy Agreement
The Comprehensive Income Policy Agreement (Finnish: tulopoliittinen kokonaisratkaisu) is a tri-lateral treaty crafted by the Finnish government together with employees' and employers' trade unions. It is a policy document covering a wide range of economical and political issues, such as salaries, taxation, pensions, unemployment benefits and housing costs.
With the Comprehensive Income Policy Agreement the government and the trade unions try to reach a common understanding of the best choices for the national economy in terms of economic growth and real wages. The basic conundrum is simple: employees want higher salaries, employers want no wage hikes. The government wants to keep national competitiveness and employment rate high but also to ensure sufficient tax revenues.
The Comprehensive Income Policy Agreement is usually agreed on for a two-year period. It is not compulsory: if the employers' and employees' national organisations can't reach an agreement, no comprehensive treaty is signed. In that case, negotiations on salaries are carried out by individual trade federations with no government participation instead of a comprehensive treaty. Sometimes talks are not even initiated due to differences of opinion between trade unions.
The first Comprehensive Income Policy Agreement was negotiated by National Labour Dispute ConciliatorKeijo Liinamaa. In 1967 Liinamaa was given a special task by Prime Minister Rafael Paasio: Liinamaa was to negotiate a comprehensive economical deal with employers' organisations and labour unions in order to prevent inflation due to rising wages. These negotiations resulted in the first Comprehensive Income Policy Agreement and brought fame to Liinamaa, a later caretaker Prime Minister.
Rather, the Board of Trustees in approving this policy statement delegates the implementation and administration of this policy along with the development of appropriate and necessary processes to the President of the University.
Individual Project Agreements: The University may negotiate and sign Individual Project Agreements between the University and an individual member(s) of the faculty, staff or students that specify completely or partially the ownership of Intellectual Property created as a result of work conducted on a specific project.
All persons subject to this policy are obligated to disclose their Inventions in the prescribed form to the Office of Research and Sponsored Programs and to execute assignments and other appropriate documents as may be requested by the Office of Research and Sponsored Programs.
There is near-universal agreement among analysts that the current Medicare payment structure provides excessive payments to managed care plans, and the Administration announced earlier this year that it would act administratively to eliminate a feature of the payment formula that is responsible for a significant volume of excessive payments.
The conference agreement rewrote the provision so that after five years, managed care plans could again receive the overpayments this provision is supposed to curb, with future administrations being precluded from taking steps through administrative action that would effectively curtail the overpayments.
Specifically, after five years, the conference agreement prohibits the Secretary of Health and Human Services from modifying the risk adjustment formula to compensate for differences in coding patterns (which reflect how patient diagnoses and procedures are classified for purposes of reimbursement) between Medicare managed care plans and traditional fee-for-service.
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