New York City District Council of Carpenters Benefit Funds
|
Retirement Planners and Administrators (RPA)
|
Fringe Benefit Group
|
TPA Retirement Plan Consultant EPIC RPS (TPA/DPS)
|
Defined Contributions Compliance Consultant Loren D. Stark Company (LDSCO)
|
Great Lakes Pension Associates, Inc.
|
Senior Specialist 401k Recordkeeping T Bank N.A.
|
Pollard & Associates
|
Retirement Solutions Specialists
|
Defined Contribution Account Manager Nova 401(k) Associates
|
Greenline Wealth Management
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Estimating Future Costs at Public Pension Plans: Setting the Discount Rate
Peter Mixon, via Pensions & Investments Apr. 29, 2015
"[U]sing an estimated rate of return to discount future pension liabilities is not misleading. This discount rate actually reflects the costs of funding pension benefits far better than using a risk-free or low-risk bond rate of return. If appropriately set, the former will reflect an estimate that is much closer to the actual cost of pension benefits and therefore the liabilities of the system. In contrast, discounting these liabilities using a hypothetical bond rate reflects an estimate of the future value of these benefits to plan members. The latter valuation is important: Employers and taxpayers should know the value of pension benefits received by public employees. But estimating this benefit amount does not reflect the actual costs of funding public pensions."
|
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). |