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Execs Eagerly Await Guidance from PBGC on Liability Issue
Pensions & Investments Link to more items from this source
June 9, 2014
"For some plan sponsors, the complaint is that PBGC's calculated liabilities far exceed the business transactions involved. Instead of regular funding formulas for ongoing plans, the agency uses the more conservative plan termination basis, taking the percentage of plan participants who lose their jobs in the transaction, and multiplying it by the plan's level of underfunding. Although a small number of employees are affected, sponsors already funding their pension plans will have to put aside millions of dollars more."

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