Compass
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Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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AimPoint Pension
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Loan & Distribution Specialist AimPoint Pension
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American Academy of Actuaries Comment Letter to FASB on Pension Accounting (PDF)
American Academy of Actuaries [Opinion] Sept. 26, 2013 "We support accounting treatment for single employer pension plans that immediately reflects economic reality and therefore does not result in the misallocation of resources. Current accounting treatment under FAS 87 and 88, as modified by FAS 132 and 158, could be improved. Particularly noticeable problems include: [1] the distortion of reported corporate earnings created by both the anticipation of pension asset earnings not yet achieved and various smoothing and deferral devices; and [2] incentives to engage or not engage in financial transactions, created by settlement and curtailment recognitions unrelated to the direct economic impact of those transactions." |
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