According to the Pension Benefit Guaranty Corporation (PBGC), there are more than 25,000 corporate pension plans in the United States.1 For each of these plans, managers in the sponsoring company make decisions on a regular basis about how much and how frequently to contribute to the plan and what investment strategy to pursue with plan assets. Until recently, the most common approach to these decisions taken by plan sponsors could be loosely characterized as: Let’s make contributions at the minimum level permitted by regulation, and let’s use a growth-oriented investment approach, trusting that over time the combination of market returns and legislative smoothing will lead the plan to be fully funded at a reasonable—and reasonably stable—cost.
Writing expert Bryan Garner doesn't pull punches in a new book about his partnership with the late Antonin Scalia. The result is a fascinating and three-dimensional portrayal.
Welcome, readers, to the new Treasury & Risk website. It houses all the same great content Treasury & Risk has always offered, but in a more streamlined…
Companies argue that federal and most state exchanges havent followed the rules set out in the statute and regulations and therefore cant levy fines.
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