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Girl Scouts Ask Congress for a Do-Over on Pension Plan Exemption
Pensions & Investments
Apr. 29, 2013 "In 2010, Congress ... allowed the few charity plans with multiple entities such as the Girl Scouts to follow pre-PPA pension funding rules until 2017. But later that year the Girls Scouts were forced to freeze the pension plan as investment losses suffered during the 2007-09 recession and low discount rates caused the funding level to plummet to 63% ... Today, the plan has $433 million in assets and $819 million in liabilities." MORE >> |
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