pension

• Pension funds

• Pensions

• Pension plans

• Cost Accounting Standards: Cost Accounting Standards 412 and 413-Cost Accounting Standards Pension Harmonization Rule

The Office of Federal Procurement Policy (OFPP), Cost Accounting Standards Board (Board), is publishing this final rule to revise Cost Accounting Standard (CAS) 412, ``Composition and Measurement of Pension Cost,'' and CAS 413, ``Adjustment and Allocation of Pension Cost.'' This revision will harmonize the measurement and period assignment of the pension cost allocable to Government contracts, and the minimum required contribution under the Employee Retirement Income Security Act of 1974 (ERISA), as amended, as required by the Pension Protection Act (PPA) of 2006. The PPA amended the minimum funding requirements for qualified defined benefit pension plans. The Board issues this final rule to revise CAS 412 and CAS 413 to include the recognition of a ``minimum actuarial liability'' and `...

• Federal Register Nbr. 76 FR 81296, December 27, 2011
• Rules and Regulations
• Management and Budget Office

• Defined Contribution Pension Participation and Contributions by Earnings Levels Using Administrative Data

This article examines the relationship between earnings levels and participation and contribution rates in defined contribution (DC) retirement plans. Specifically, the article estimates DC plan participation and contribution rates in 2006 both by the worker's current earnings and by the annual average of real earnings over the 10-year period 1997–2006. Using these two different measures of earnings allows us to assess whether employing a longer period of earnings, such as a decade, provides a better representation of pension outcomes than the short-term measure of current earnings.

• Social Security Bulletin
• Nbr. 71-2, May 2011

• 38 CFR 3.3 - Pension.

• Code of Federal Regulations - Title 38: Pensions, Bonuses, and Veterans' Relief

• Stock Market Sensitivity to U.K. Firms' Pension Discounting Assumptions

New U.K. pension accounting regulations significantly increase the exposure of the balance sheets of U.K. firms to volatilities in pension fund valuations. We examine whether the abnormal returns of firms that voluntarily used market-based pension discount rates are significantly different from the abnormal returns of industry-matched pair samples of firms that retained traditional cost-based valuation assumptions during the period surrounding the release of the related exposure draft. We also examine the interest rate sensitivity of stock price returns over the 4-year period before and after the announcement date. Consistent with our hypotheses, U.K. stock price returns incorporate the effect of unexpected interest rate changes on sources of pension earnings for firms that voluntarily ...

• Risk Management and Insurance Review
• Vol. 10 Nbr. 2, October 2007

• State Pension Collapse

When I go over my personal budget, I have to make sacrifices. We all do this because we know we can't live in the red for long without collection agencies and banks taking our possessions away. Yet, for federal and state governments, over spending and not balancing their checkbooks is a way of life. We all know about the federal deficit, but one thing that has gone unnoticed that could sink the federal budget more than the banking meltdown of late '08 is the state budget deficits stemming from overreaching state employee pension and benefits programs. Nationwide, it's estimated that state and local governments are short on paying future claims to the tune of $1-3 trillion! If current trends continue (which, of course they won't) and if we assume an 8% return on investment rate for the p...

• Michigan Chronicle
• March 14, 2011

• Connolly v. Pension Benefit Guaranty Corporation, 475 U.S. 211 (1986)

U.S. Supreme Court CONNOLLY v. PENSION BENEFIT GUARANTY CORP., 475 U.S. 211 (1986) 475 U.S. 211 CONNOLLY ET AL., TRUSTEES OF THE OPERATING ENGINEE...

• U.S. Supreme Court

• Pension Quagmire

Unions wanted them. Pension managers said they were affordable. Elected officials approved them. But improved pension benefits granted to public employees over the past 12 years are now costing local governments dearly. And for that, officials acknowledge, there's plenty of blame to go around.

• The Sun (San Bernardino, CA)
• April 24, 2011

• Next Generation of Individual Account Pension Reforms in Latin America

This article examines the recent reforms in individual account systems in Latin America, with a focus on the recent overhaul of the Chilean system and major reforms in Mexico, Peru, and Colombia. The authors analyze key elements of pension reform in the region relating to individual accounts: system coverage, fees, competition, investment, the impact of gender on benefits, financial education, voluntary savings, and payouts.

• Social Security Bulletin
• Nbr. 71-1, May 2011

• Shareholder activism by public pension funds and the rights of dissenting employees under the First Amendment.

INTRODUCTION I. THE BACKDROP: A BRIEF HISTORY OF THE RECENT AND ONGOING REVOLUTION IN CORPORATE GOVERNANCE A. The Shift in Control to Independent Dire...

• Harvard Journal of Law & Public Policy
• Vol. 34 Nbr. 1, January 2011

• 20 CFR 226.31 - Reduction for public pension.

• Code of Federal Regulations - Title 20: Employees' Benefits