Secondary Tag: Private Pension Plans
Defined Benefit Plans and the PBGC
Background Currently, 44 million private sector workers and retirees are covered by traditional pension plans. Companies are required to contribute enough money to these plans over time to pay the benefits promised by these plans. Sometimes the amounts contributed, plus investment earnings, are inadequate, or a company becomes financially troubled, and the plan is closed […]
Can Your Pension Plan Afford To Give COLAs?
Over time, pensions shrink in value due to inflation. To see how inflation has affected your pension, use the Census Bureau’s Inflation Calculator. If your pension plan is overfunded – that is, its assets (the amount in the plan) are greater than its obligations (the amount it must pay in pension benefits), your plan may […]
Q-SERPs
How Companies Manipulate the Law to Fund Executive Pay Packages with Workers’ Pension Money In 2008, the Wall Street Journal exposed an unethical practice in which companies use pension plans that are set up for their rank-and-file workers to finance extravagant retirement benefits for a small number of high-paid executives.1 This practice is a clear manipulation […]
