EXTRA! Pension Funding Relief Law Promises Lower Contributions (but Probably Not for You!)
Mike Clark, Consulting Actuary, the Principal Financial Group
Like a coupon insert hidden inside the folds of the SECURE Act of 2019, the Save Community Newspaper Act (SCNA) was quietly left on the defined benefit (DB) world’s doorstep on December 20. Perhaps it’s not surprising that the new law didn’t get much press considering the potential reaction…
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The Decade that Was: Running Bull Can’t Catch Pension Liabilities
Mike Clark, Consulting Actuary, the Principal Financial Group
It’s January 1, 2010. An old bull and a young bull are standing on the hill overlooking a field full of defined benefit (DB) pension liabilities. “You know”, said the young bull as he anxiously paced back and forth, “I think we should run down this hill and fund all of those liabilities!”…
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