The overall asset value for these 100 pension plans
increased from $1.
The private sector has been asking for solutions that help them deal with some of the challenges associated with an employer s ability to offer pension plans
, said President of Treasury Board and Minister of Finance Doug Horner.
But the board is taking steps to bring all pension plans
to full funding over 20 years, she added.
Companies with under-funded pension plans
are prevented from promising extra benefits to employees without paying for those promises up front.
A Conference Board Executive Action briefing, The Pension Plan
Crisis: Canada's CFOs Are Worried-With Good Reason, outlines many questions facing governments and plan sponsors, and proposes possible solutions.
In its efforts to keep costs down, the regulator is insisting that underfunded pension plans
be restored to financial health much more swiftly than in the past.
The current pension plans
are often "inadequate, misleading, and opaque," said the Government Accountability Office.
who specializes in multi-employer pension plans
, fraud wasn't a consideration when she began her career.
During his working life, a man had built up an employer's pension plan
A shareholder resolution can really send a message to senior management," says Julie Tanner, a globalization and environment program manager at the NWE Tanner says that, as more employees ask for environmental guidelines in their pension plans
, companies will continue to improve their practices.
EGTRRA provides CPAs with a perfect opportunity to help clients review and rewrite their pension plans
Even as more companies offer defined-contribution pension plans
, nearly a third of the Fortune 100 companies now offer employees so-called "hybrid" plans, an increase from 22 hybrids for the same group in 1998, according to a study by consulting firm Watson Wyatt Worldwide, Bethesda, Md.