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How the SEC Got DB Plans All Wrong
Benefits and Compensation with John Lowell Link to more items from this source
[Opinion]
Nov. 23, 2015
"What the rules ask be disclosed as compensation with respect to a defined benefit plan (qualified or nonqualified) is the increase, if any, in the actuarial present value of accrued benefits from one measurement date to the next. That seems simple and reasonable enough on its face, but that is exactly where, how, and why the SEC went wrong.... [T]he SEC methodology puts an inappropriate burden on companies sponsoring DB plans. For some, this may signal a reason for them to exit that space ... for all the wrong reasons."

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