Meeting the pension obligation

Schmitt, Ray (Author)

Solomon, Carmen D. (Author)

1987

Abstract -- Overview -- Background. Administration of Pension Law ; Pension Benefit Guaranty Corporation ; Pension Funding ; Single-Employer Pension Plan Amendments Act ; Solvency of the PBGC -- Underfunded Plans -- Overfunded Plans. Background ; Reversion Transactions ; Rules and Regulations -- Administration's Proposal on Funding and Termination of Pension Plans. Employer Access to Assets of Overfunded Plans ; Minimum Funding Standard and Deductions ; Termination of Underfunded Plans ; Funding of Health Benefits for Retirees ; Variable Rate Premiums -- Selected References.

While most private pension plans are sufficiently funded, some are seriously underfunded. This paper discusses these issues and the legislative options being studied to address the problems confronting the Pension Benefit Guaranty Corporation (PBGC) and the optimal funding of private pension plans.

Ray Schmitt, Specialist in Social Legislation and Carmen D. Solomon, Analyst in Social Legislation, Education and Public Welfare Division

CRS 87-412 EPW

"May 8, 1987."

SuDoc # LC 14. 18/3

eng

32 pages

book

text