The PBGC often steps in for underfunded pension plans
when companies can't pay.
Brown has criticized Raimondo's decision to overhaul the state's underfunded pension plans
when she was treasurer in 2011, cutting pension payments to save billions, which angered some retirees.
New York: A wide ranging proposal to address Kentucky's underfunded pension plans
could gradually improve the commonwealth's credit as large and growing pension obligations have been one of its key rating challenges, Fitch Ratings says.
Moreover, underfunded public pension plans have factored into resolutions of a number of recent, large municipal bankruptcies and it is likely that future municipal bankruptcies will also involve, in one way or another, underfunded pension plans
." This language is a matter of concern.
What are we going to do about all these underfunded pension plans
? Pension plans are also not handouts but postponed compensation coupled with promises that employers have made to workers who've agreed to these compensation practices and who've therefore created profits for their employers.
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.
The disconnect between conventional wisdom and the sorry state of many underfunded pension plans
is not an abstraction or academic concern; it is hitting home.
- 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.
And a number of large companies have had to make sizable contributions to their underfunded pension plans
over the last couple of years.
In 2012, 155 underfunded pension plans
terminated, with the PBGC stepping in to cover their benefit promises.