FAS 106 triggers new business decisions on retiree health funding
Article Abstract:
The need for employers to treat the Financial Accounting Standard (FAS) policy statement no. 106 funding question as both a company project which needs capital and as a retiree health plan investment in a properly diversified investment portfolio is emphasized. Traditionally, employers have used the pay-as-you-go approach in funding retiree medical benefits. However, FAS 106 has required a more formal approach in financing such liabilities.
Publication Name: Pension World
Subject: Human resources and labor relations
ISSN: 0098-1753
Year: 1993
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What does the investment community think of FAS 106?
Article Abstract:
A survey among equity analysts, equity portfolio managers and research directors on the perceived financial consequences of FAS 106 was conducted. Results revealed that 63% of respondents believed in the significant future financial impact of the rule. Majority of respondents also believed that this impact must be reflected in current equity valuations. Costs per employee ranged from $428 to $9,230 among 147 companies.
Publication Name: Pension World
Subject: Human resources and labor relations
ISSN: 0098-1753
Year: 1992
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Section 404(c): is it much ado about nothing?
Article Abstract:
The regulations under Section 404(c) of the ERISA of 1974 are examined. A Section 404(c) plan foresees a plan fiduciary designing investment alternatives. The most practical effect of this section of the ERISA is to encourage plan sponsors to offer investment alternatives to participants to enable these participants to choose their own investment mix.
Publication Name: Pension World
Subject: Human resources and labor relations
ISSN: 0098-1753
Year: 1993
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