Tag: Defined Benefit

Actuaries Propose Simplified Pension Funding Notices

The Annual Funding Notice requirements implemented by the Pension Protection Act have been somewhat helpful but could be significantly improved, according to the American Academy of Actuaries. 

Some DB Plans Changing Accounting Measures

Most companies used a single weighted average discount rate to measure the interest cost and service cost components of benefit cost, but PwC found, beginning in 2015, many companies adopted a multiple discount rate approach.

Not All With Access to Retirement Plan Use It

Among private-industry workers, 66% had access to a retirement plan, but only 75% of this group either chose to or met eligibility requirements to participate, according to BLS estimates.