Pension plan valuation : discount rate determinations and differences / Patricia Edwards, editor.

Format:

Book

Contributor:

Edwards, Patricia (Editor), editor.

Series:

Retirement issues, plans and lifestyles.

Retirement Issues, Plans and Lifestyles

Language:

English

Subjects (All):

Defined benefit pension plans--Valuation.

Defined benefit pension plans.

Defined contribution pension plans--Valuation.

Defined contribution pension plans.

Multiemployer defined benefit pension plans.

Physical Description:

1 online resource (130 p.)

Place of Publication:

New York : Nova Publishers, 2015.

Summary:

A pension is a voluntary benefit offered by employers to assist employees in providing for their financial security in retirement. Public and private sector defined benefit pension plans are subject to different rules and guidance regarding discount rates--interest rates used to determine the current value of estimated future benefit payments. This book addresses the significance of differences in approaches used to determine discount rates among public and private plans; purposes for measuring the value of a plan's future benefits and key considerations for determining discount rate policy; and approaches selected countries have taken to choose discount rates.

Contents:

PENSION PLAN VALUATION: DISCOUNT RATE DETERMINATIONS AND DIFFERENCES; PENSION PLAN VALUATION: DISCOUNT RATE DETERMINATIONS AND DIFFERENCES; Library of Congress Cataloging-in-Publication Data; CONTENTS; PREFACE; Chapter 1: PENSION PLAN VALUATION: VIEWS ON USING MULTIPLE MEASURES TO OFFER A MORE COMPLETE FINANCIAL PICTURE; WHY GAO DID THIS STUDY; WHAT GAO RECOMMENDS; WHAT GAO FOUND; ABBREVIATIONS; BACKGROUND

DISCOUNT RATES FOR SPONSORS OF PUBLIC SECTOR PLANS AND PRIVATE SECTOR MULTIEMPLOYER PLANS DIFFER FROM THOSE OF PRIVATE SECTOR SINGLEEMPLOYER PLANS, RESULTING IN DIFFERENT INCENTIVES FOR BOTH AND, FOR THE FORMER, HIGHER REPORTED FUNDED RATIOS AND LOWER REPORTED COSTSEXPERTS IDENTIFIED A VARIETY OF CONSIDERATIONS FOR SETTING DISCOUNT RATE POLICY AND MANY SAW VALUE IN PLAN SPONSORS REPORTING MULTIPLE MEASURES; SELECTED COUNTRIES APPLY A VARIETY OF APPROACHES TO DISCOUNTING AND USE LOWER ASSUMED RETURNS THAN U.S. PUBLIC PLANS; CONCLUDING OBSERVATIONS; AGENCY COMMENTS

APPENDIX I: OBJECTIVES, SCOPE, AND METHODOLOGYAPPENDIX II: ADDITIONAL INFORMATION ON LAWS, STANDARDS, AND PRACTICES FOR DETERMINING DISCOUNT RATES FOR U.S. DEFINED BENEFIT PLANS; APPENDIX III: HISTORICAL RETURNS AND THE DISCOUNT RATE; APPENDIX IV: KEY FEATURES OF DISCOUNT RATE PRACTICES IN CANADA, THE NETHERLANDS, AND THE UNITED KINGDOM; Chapter 2: MULTIEMPLOYER DEFINED BENEFIT (DB) PENSION PLANS:APRIMER AND ANALYSIS OF POLICY OPTIONS; SUMMARY; INTRODUCTION; MULTIEMPLOYER DB PENSION PLAN POLICY ISSUES; APPENDIX. DEFINED BENEFIT PLAN FUNDING; INDEX

Notes:

Description based upon print version of record.

Includes bibliographical references at the end of each chapters and index.

Description based on print version record.

ISBN:

1-63483-239-6