(Photo: Shutterstock)
When the Pension Protection Act (PPA) introduced new pension funding rules in 2006, employers around the country were quietly freezing their defined benefit (DB) plans in preparation for plan termination. Times were good, and the ideal time to end a plan, actuarially speaking, is when investment markets are prospering and interest rates are high. But by the end of the next year, we were in a global financial crisis, and a lot of those intentions were put on hold.
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.
