The Pension Benefit Guaranty Corporation has published a new form and instructions with the goal of streamlining and simplifying the ERISA Title IV coverage determination process.
"How does it make sense to say that if you are a dollar over-funded, there is no risk of harm to the participants, but if you are a dollar under-funded, there is risk of harm or wrongdoing? It’s an illogical way to analyze this issue,” the attorney said.
This makes a buyout or a significant risk transfer two possibilities they could pursue, according to RiskFirst.
Those tracking S&P plans estimate a slight decrease in or flat pension funding ratio, while other estimate a slight increase. Most agree funding is up for the year.
Clients will be able to input distributions in one company's system and automatically send the data to the other company, instead of inputting the information again.