Articles for: pension plan
What are the quarterly contribution requirements for pension plans?
Pension plans are subject to minimum funding rules. The minimum is based on the actuarial cost of benefits accruing during the plan year plus an amortization payment for any funding [...]
Key words: Defined Benefit,Funding,pension plan,quarterly contribution
Is there a partial annuity option under a defined benefit plan?
Yes. In fact, the IRS has proposed regulations on February 2, 2012 that could make it easier for plan sponsors to offer the partial annuity option. Currently, plan sponsors that [...]
Key words: Defined Benefit,partial annuity,pension plan
How do international accounting standards differ from U.S. accounting standards for pension plans?
Some of the primary differences between U.S. GAAP and international accounting (IFRS) for pensions include: Funding method: U.S. GAAP requires the use the projected unit credit funding method, which matches [...]
Key words: Defined Benefit,IFRS,pension plan,U.S. GAAP
When will the U.S. begin using international accounting standards for pension plans?
The Securities and Exchange Commission (SEC) is considering whether to incorporate the International Financial Reporting Standards (referred to as IFRS) for U.S. companies. The objective of these international standards is [...]
Key words: Defined Benefit,international,pension plan
What are the steps required to terminate a pension plan?
A lot of thought goes into the decision to terminate a defined benefit pension plan. The plan’s actuarial consultant can provide important information and advice throughout this analysis. Once the [...]
Key words: Defined Benefit,PBGC,pension plan,Termination