Some Pension Funding ‘Deeply Flawed;’ Federal Role Needed

2014-01-28T22:52:47-08:00January 16th, 2014|Categories: 401(k), Defined Benefit Plans|Tags: , , |

The approach taken to funding public defined-benefit pension plans is “deeply flawed,” a research group said Thursday in a report that urged the federal government and Congress to consider ways to make sure public pension systems function better. The report, by the Nelson A. Rockefeller Institute of Government, makes recommendations about how to fix the defined-benefit public pension system so that benefits are funded more securely. These include ensuring that pension funds and governments value liabilities using a discount [...]