Unformatted text preview: service. This is a complex actuarial present value computation. The employer is responsible for the payment of the defined benefit without regards to what happens to the assets in the trust. Employers are a risk because they must contribute enough to meet the cost of benefits that the plan defines. Employer Current employees Retirees Pension trust fund - separate legal entity - controls/invests assets - makes payments to retirees...
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- Fall '08
- ERISA, Pension Trust Fund, traditional union pension