What is the funding status of corporate
defined-benefit plans in Canada?
While that's true, it is not necessarily a bad thing where
defined-benefit plans are concerned, because slowing the rate of return can actually save on taxes in the long term and stabilize market volatility in the short term.
With just 13% of credit unions offering their employees
defined-benefit plans, is a shift underway that could potentially open up the window for employers to increase participation?
We may as well scrap
defined-benefit plans because over time taxpayers will pay the same for public services either way.
The median annual rate of return for
defined-benefit plans averaged 10.13 percent compared with 9.06 percent for 401(k) plans from 1995 through 2007, according to consulting firm Towers Watson.
Fully insured,
defined-benefit plans are unique in the retirement planning arena because they have a higher tax-deduction limit than most plans.
This book examines how government policy makers can promote the financial security of occupational
defined-benefit plans, particularly those financed by pension funds.
* After 2007, the allowable deduction for contributions to
defined-benefit plans is the greater of the minimum required contribution under the minimum funding standards or the sum of the funding target, the target normal cost, and the cushion amount for the plan year.
The Act establishes a standard for all
defined-benefit plans that clarifies current law with respect to age discrimination under the Employee Retirement Income Security Act (ERISA) and removes the last impediments to adopting cash balance plans.
To defend
defined-benefit plans, NEA has built a Retirement Security Toolkit to help members understand the issues.
"Risk may increase if large
defined-benefit plans begin to struggle or fail, especially if the Pension Benefit Guaranty Corp.
When will the public realize that companies can no longer afford
defined-benefit plans and inevitably must switch to a defined-contributions plan?