Benefits earned from these defined benefit pension plans
said its latest Pension Funding Index (PFI), which consists of 100 of the nation's largest defined benefit pension plans
, experienced a USD26 billion increase in pension liabilities and an USD18 billion increase in asset value, resulting in an USD8 billion increase in the pension funded status deficit.
Contributions to multiemployer defined benefit pension plans
have been a mainstay, legacy feature of union negotiations in many industries.
Consequently, those who are interested in the sustainability of defined benefit pension plans
administered through an agent multiple-employer pension plan have no choice but to turn to the individual employer's financial statements to obtain information on the net pension liability relevant to that employer.
Chrysler Group, a United States-based automaker, is planning to freeze its salaried employee defined benefit pension plans
, effective December 31, 2014.
Relatively few employers (10%) offer both phased retirement and defined benefit pension plans
Defined benefit pension plans
entail high installation and administration costs, are complex to design, and are often difficult to understand.
Alaska Airlines has made a voluntary contribution of USD50m in cash to four defined benefit pension plans
covering 7,300 employees in its airport, dispatch, maintenance, management and pilot work groups.
Over the years, the mill provided employees with defined benefit pension plans
, something other woodland operators in the industry do not have.
Just 21 percent of workers in private industry are now covered by defined benefit pension plans
, which prior generations counted on for a lifetime stream of income.
25, Financial Reporting for Defined Benefit Pension Plans
and Note Disclosures for Defined Contribution Plans; paragraphs 5 and 11 of GASB Statement No.
In 1978, 41 percent of private sector workers were covered by defined benefit pension plans