Positioning Pensions for the Twenty-First Century - CiteSeerX

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regulated in the Cnited States -ill order to build on their strengths and .... example, a company ha\ing a pension plan might altr..tct employees will- ... Pro\iding matches to workers' ... employees to retire after a particular age or number of years of sef\ice. .... are now offered the opportunity to invest their 401 (k) funds in a wide.
Positioning Pensions for the Twenty-First Century Edited by Michael S. Gordon, Olivia S. Mitchell, and Marc M. Twinney

Published by

The Pension Research Council The Wharton School of the University of Pennsylvania and

University of Pennsylvania Press Philadelphia

Cop>righl :6 19lJ7 The Pen "ion Re;>-.earch Council or Ih~ Whanon School of lhe llni\er~iry uf Pt'nn~;..l\'ania All right... re5cryed Pri.nted in Ihe.- CUlled Stale,; ol.\..mc.::rka on acid-free paper

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Unin~l"$.ity OfPt'lll1.\d'·ania Prei a new Internal Revenue Sen"ic.e smdy on the same is:-.ue. The authur J'e,":e\\'s the e\"Ohllioll of legal regulations on funding. beginning' with ERISA and ending \\'ith the 1994 Retirement Protection Act. and SUIllmal;ze~ accounting !>iwndards regarding funding, \\"hkh uften connin with Internal Ren~nllt' St:nicc reg-ulations. He concludes that defined henefit pension plan funding worsened in the last st""t:ral ~'ears. despite the apparent goal of policy to increa

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