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Pensions and benefits. (From the Library).(U.S. General Accounting Office, February 2002)
"Private Pensions: Key Issues to Consider Following the Enron Collapse"
U.S. General Accounting Office, February 2002
In a statement prepared for the Senate Finance Committee, the General Accounting Office discusses a number of private pension plan issues highlighted by the collapse of Enron. Over the past 20 years, most private employers shifted from defined benefit to defined contribution pension plans. Defined contribution plans, such as the 401(k) plan, are based on employee contributions to, and investment returns on, individual accounts. Because retirement benefits are not guaranteed by the employer nor covered by the Pension Benefit Guaranty Corporation, the employee bears the risk under a defined contribution plan. To minimize this risk, the GAO suggests that employees obtain investment education and diversify holdings in their 401(k) plans. Unfortunately, Enron's practice of matching contributions with company stock ensured that employee plans were not diversified. Thus, many ...
- Retirees move away from annuity payouts: Government Accounting Office, July...
- Newspaper article from: Pension Benefits September 1, 2003 700+ words
...receive annuities, while those who received benefits from defined contribution (DC) plans were most likely to roll over benefits into...retirement is an individual issue. Source: Government Accounting Office (GAO) report, "Private Pensions, Participants Need...
- Defined contribution health plans: ready or not, here they come.
- Magazine article from: Elder's Advisor Cucuta, Caryn June 22, 2002 700+ words
Defined contribution health coverage has been discussed...employers, and outlines various defined contribution plan models...the current challenges is the defined contribution health care plan. Employers...
- DEFINED CONTRIBUTION: Assets top $1 trillion mark; Move from DB plans, boost in...
- Magazine article from: Pensions & Investments Gottlieb, Jenna January 22, 2007 700+ words
...Byline: Jenna Gottlieb Defined contribution assets of the 200 largest...annual survey shows. Defined contribution plans among the nation...153 reported offering defined contribution plans. Scarlett Ungurean...
- Small plan design: dealing with existing defined contribution plans when...
- Magazine article from: Journal of Pension Benefits Donovan, Kevin J. January 1, 2002 700+ words
...consultant to do when an existing defined contribution plan stands in the way of establishing...he or she has already made to a defined contribution plan for the year! The problem...deduction may be limited when both a defined contribution plan and a defined benefit plan...
- REITs gaining foothold in defined contribution; Their use in target- date funds...
- Magazine article from: Pensions & Investments Jacobius, Arleen June 23, 2008 700+ words
...are setting their sights on the defined contribution plan market in the hunt for new...estate investment with REITs in their defined contribution plan offerings. The defined contribution plan market is a growing segment...
- The defined contribution paradigm.
- Magazine article from: Yale Law Journal Zelinsky, Edward A. December 1, 2004 700+ words
...DIFFERENT? THE DEFINED BENEFIT AND DEFINED CONTRIBUTION FORMATS CONTRASTED II. WHY DOES...pensions and the concomitant rise of defined contribution plans. I suggest that, over the...last three decades by which the defined contribution plan has become the primary framework...
- International: Japanese DC system prepares for takeoff; Regulatory changes by...
- Magazine article from: Pensions & Investments Bruno, Mark November 13, 2006 700+ words
...Bruno NEW YORK - Japan's nascent defined contribution marketplace is on the verge of significant...structure. The current level of defined contribution assets - 2 trillion ($17 billion...researchers predict the country's defined contribution assets will more than triple during...
- Public retirement systems lean toward defined contribution.(Asset Management...
- Magazine article from: The Bond Buyer Kaplan, David April 9, 1996 700+ words
...and move from defined benefits to defined contribution. Private-sector pension funds...the 1980s. The difference between defined contribution and defined benefit is that under...the final average salary, whereas defined contribution is based on the amount that's...
- Defined contribution plans get a closer look: cost control, flexibility attract...
- Newspaper article from: Nation's Cities Weekly December 11, 1995 700+ words
...Government leaders are giving defined contribution plans a closer look as...alternatives. By incorporating defined contribution plans into their governments...Increasingly, they see defined contribution plans as the program of...
- Public-sector defined contribution plans: lessons from seven governments.
- Magazine article from: Government Finance Review Miller, Girard Jankowski, Joseph J., Jr. December 1, 1998 700+ words
...public plan sponsors considering a defined contribution plan. Editor's note: Many finance...differences between defined benefit and defined contribution programs in December 1997 in the...article makes a case for moving to a defined contribution plan. In future issues there will...
Source: HighBeam Research, Pensions and benefits. (From the Library).(U.S. General Accounting...