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What People Expect of a Pension Plan (PDF)
Society of Actuaries 
June 14, 2007 Pages 23-26 of 34.Excerpt: New funding and accounting rules may alleviate some issues for cash balance plans, but they will make matters worse for traditional annuity plans, and they will increase public unrest. The root of the problem, however, is not in the funding and accounting rules. It is in the lump sum rules. The solution is to permit a single interest rate, e.g., 8 percent, for computing a lump sum cash-out. Funding and accounting can then follow suit and use the same interest rate. MORE >> |
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