Future of the Defined Benefit System and the Pension Benefit Guaranty Corporation
According to a forum comprised of government officials, researchers, accounting experts, members of the investment community and others, improvements should be made to the transparency and timeliness of pension plan financial information that is reported to plan participants, regulators and those who invest in the plan sponsor’s stocks and bonds.
Participants felt that though the traditional defined benefit system has been in decline for many years, this trend could be stopped if lawmakers would clarify legal ambiguities surrounding cash balance and other plans.
