The passage last year of the Moving Ahead for Progress in the 21st Century Act was in part aimed at helping corporate pension plans meet their funding requirements.
To a point, it has, but the legislation may not have done much to slow the demise of traditional pension plans.
MAP-21 was actually a highway bill that contained a little-publicized provision that allows companies to set their pension plan contributions using a rate based on high-quality bond yields averaged over 25 years. Before MAP-21, the rule was two years using current rates.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
