Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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New York City District Council of Carpenters Benefit Funds
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Retirement Solutions Specialists
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Fringe Benefit Group
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Defined Contribution Account Manager Nova 401(k) Associates
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Pollard & Associates
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TPA Retirement Plan Consultant EPIC RPS (TPA/DPS)
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Defined Contributions Compliance Consultant Loren D. Stark Company (LDSCO)
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Defined Benefit Consultant/Enrolled Actuary Pension Plan Specialists, PC
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Greenline Wealth Management
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Great Lakes Pension Associates, Inc.
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Retirement Planners and Administrators (RPA)
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Senior Specialist 401k Recordkeeping T Bank N.A.
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Post-Bankruptcy Pension Cost: Potential Jobs Killer
Law360 via Haynes and Boone, LLP May 20, 2009 Excerpt: This economic downturn includes a problem that we have seen before -- an ever-growing number of underfunded pension plans. But one big difference this time is that additional fees imposed in 2006 can prevent a company from reorganizing and thereby hasten the day it closes its doors. Just as it was from 2002 to 2003, pension shortfalls arose from the combination of the stock market and an overall interest rate drop at the same time. That combination of events can create deficiency in a previously fully funded plan almost overnight. Most of a pension plan's liabilities are for payments to be made well into the future. To evaluate the adequacy of a plan's funding, those obligations are discounted to a 'present value.' |
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