Featured Jobs
|
Regional Vice President, Sales MAP Retirement USA LLC
|
|
July Business Services
|
|
Combo Retirement Plan Administrator Strongpoint Partners
|
|
BPAS
|
|
Strongpoint Partners
|
|
Compass
|
|
ESOP Administration Consultant Blue Ridge Associates
|
|
BPAS
|
|
Relationship Manager for Defined Benefit/Cash Balance Plans Daybright Financial
|
|
Managing Director - Operations, Benefits Daybright Financial
|
|
Cash Balance/ Defined Benefit Plan Administrator Steidle Pension Solutions, LLC
|
|
Retirement Plan Administration Consultant Blue Ridge Associates
|
|
Retirement Plan Consultants
|
|
DC Retirement Plan Administrator Michigan Pension & Actuarial Services, LLC
|
|
Anchor 3(16) Fiduciary Solutions
|
|
Mergers & Acquisition Specialist Compass
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
|
Buck Consultants Comment Letter to Actuarial Standards Board on Proposed Revision of ASOP No. 6, 'Measuring Group Benefit Obligations and Determining Retiree Group Benefits Plan Costs or Contributions' (PDF)
Buck
[Opinion] July 12, 2012
"[I]f the commitment of employers who do not have material experience to affect the pool is only to provide what is effectively deep discounted merchandise, why should we as a profession require them to ignore that discount? If these employers can no longer reflect the community rated premiums in their obligations, the measurement of those obligations will increase significantly, while the underlying cost remains as it had been previous to the change in the ASOP. That could cause some employers to reduce or eliminate the retiree medical benefits that they currently provide. Other employers could be harmed by the unexpected huge increase in their liabilities, which could potentially cause other financial difficulties (for example, reduction in bond ratings or breach of loan covenants)."
|
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |