Eltife raised concerns about shoring up underfunded pension plans
and putting more resources into transportation and higher education.
Significantly underfunded pension plans
require additional cash contributions and the amortization of pension losses, tempting managers to opportunistically increase the ERR.
Introduction-Overview of Underfunded Pension Plans
In exchange, Detroit would get millions to bolster its two underfunded pension plans
, one for police and firefighters, the other for general city workers.
Consequently, even severely underfunded pension plans
do not report a deficit, and the fact that the statement of net fiduciary position of a pension trust reports a significant fiduciary net position is, in itself, no indication that the plan is adequately funded.
Act 44 of 2009, the Municipal Pension Plan Funding Standard and Recovery Act, requires underfunded pension plans
to proffer a distress recovery plan.
Forces within and beyond LTD's control have left the district with underfunded pension plans
5bn to its underfunded pension plans
for each of the next two years, the automaker is likely to start issuing dividends by 2012.
The request comes after a group of major employers asked Ottawa to double the amount of time allowed to top up underfunded pension plans
to 10 years and to use a method of calculation that would reduce the size of reported deficits.
PBGC's single-employer program faces financial challenges from a history of weak plan funding rules that left it susceptible to claims from sponsors of large, severely underfunded pension plans
According to the statement, the airlines have both lobbied Congress for pension relief and frozen their underfunded pension plans
, with liability for the plans falling on the Pension Benefit Guaranty Corporation and ultimately the American taxpayer, should the venture fail.
Treasury provide guidance on new rules enacted as part of the Pension Protection Act of 2006 (PPA) that restrict benefits in underfunded pension plans