Employers not contributing to a multiemployer
defined benefit pension plan should promote and modify existing benefit packages based on employee experience and satisfaction and assure that presentations for enrollment in retirement programs and reports of periodic performance are utilized to meaningfully inform and enthuse employees so that they take advantage of available benefits and appreciate their value--absolutely and relative to less rewarding and higher risk plans that could be more costly but deliver less certain value.
Under a
defined benefit pension plan the employer bears the investment risk of the plan (i.
Nearly two-thirds of police and firefighters who participated in a
defined benefit pension plan also were covered by Social Security.
has subpoenaed four banks for data on the
defined benefit pension plan of Aloha's machinists union, the Associated Press reported.
96-1, Application of Certain Pension Disclosure Requirements for Employers Pending Implementation of GASB Statement 27, is effective for fiscal years beginning after June 15, 1996, or as early as the date a
defined benefit pension plan adopted GASB Statement no.
Controlled groups/other plans: The IRS SEP document may not be used (1) unless all members of a controlled or affiliated service group adopt the SEP, (2) if the employer currently maintains any qualified plan or (3) if the employer ever maintained a
defined benefit pension plan.
In 1993, the Supreme Court held that an employer's contribution of unencumbered property to a qualified
defined benefit pension plan, in satisfaction of the employer's funding obligation, was a "sale or exchange" and, therefore, a prohibited transaction (Keystone Consolidated Industries, Inc.
1992), aff'g TC Memo 1990-628, that a contribution of unencumbered property by an employer to a
defined benefit pension plan in satisfaction of the employer's minimum funding obligation constituted a prohibited sale or exchange under Sec.
