Business Services Industry
Group warns of threats to defined benefit plans; ABC offers recommendation to protect plans.(News)(American Benefits Council)
Business Insurance, May, 2004 by Hofmann, Mark A.
Byline: MARK A. HOFMANN WASHINGTON-The employer-backed American Benefits Council has issued a series of recommendations designed to protect the defined benefit pension system, which the group says could be facing extinction. The recommendations are contained in a report entitled "Pensions at the Precipice,'' which was released last week.
According to the group, "defined benefit pensions face an unprecedented series of policy and legal threats that endanger their very existence.'' These threats include attacks on hybrid defined benefit plans, such as cash balance plans, and what the group considers a "flawed pension-funding regime.'' Among other things, the report calls on Congress to lift its prohibition on the Treasury Department's completion of...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
