A new law that allows employers to use more stable projected interest rates when calculating pension-funding levels may save them millions of dollars.
August 13, 2012
CFOs rejoice! Congress has given you an early Christmas present, in the form of legislation known as "Moving Ahead for Progress in the 21st Century" (MAP-21). The law permits employers that sponsor defined-benefit plans to decrease required contributions and improve plan funding attainment percentages (AFTAP) by using "stabilized" interest-rate assumptions for funding calculations over the next few years. Read more...
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