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.
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.
In addition to working with other groups to provide state organizations with information to help defend
defined-benefit plans, NEA has built a Retirement Security Toolkit to help members understand the issues at stake.
Risk may increase if large
defined-benefit plans begin to struggle or fail, especially if the Pension Benefit Guaranty Corp.
412 (1)(7)(C)(ii) (and parallel Employee Retirement Income Security Act of 1974 Section 302(d)(7)(C)(ii)) to determine current liability for participants and beneficiaries (other than disabled participants) of
defined-benefit plans for plan years beginning in 2007.
Lincoln said the bear market in stocks had created a renewed interest in these
defined-benefit plans.
According to the Pension Benefit Guaranty Corporation's (PBGC) annual report for 2000, the number of PBGC insured
defined-benefit plans has declined from about 114,000 in 1985 to about 38,000 in 2000.
style 401(k) defined-contribution plans and the conventional
defined-benefit plans, officials of the ruling Liberal Democratic Party (LDP) said.
Companies with
defined-benefit plans face mandated new rules starting January 1.
