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M best ratings all rights reserved dr david p

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Unformatted text preview: st ratings All Rights Reserved Dr David P Echevarria 4 PENSION FUNDS A. Federal Legislation; 1. Employment Retirement Security Act (1974); Employment ERISA ERISA a. b. c. d. e. Regulation of pension plans Eligibility, vesting, funding Fiduciary responsibilities Reporting and disclosure Plan termination insurance; Pension Benefit Guaranty Plan Corp Corp All Rights Reserved Dr David P Echevarria 5 PENSION FUNDS B. Determining the required level of Funding: 1. Determining the Earnings rate of the Fund 2. Present Value of Benefits = Market Value of Fund 3. OVER-Funded = PV of Benefit liabilities < MV of Fund UNDER-Funded = PV of Benefit liabilities > MV of the UNDER-Funded Fund unfunded deficits are liabilities of the firm Fund 4. Defining...
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