Join our mailing list!
(Your shopping cart is empty)
Diane Publishing Books
Private Pensions: Sponsors of 10 Underfunded Plans Paid Executives Approximately $350 Milion in Compensation Shortly Before Termination
Gregory D. Kutz (au)
When sponsors terminate underfunded plans during bankruptcy, it can deplete resources of the Pension Benefit Guaranty Corp. (PBGC), which protects the pensions of almost 44 million American workers and retirees who participate in over 29,000 defined benefit pension plans. In 2009, PBGC reported an estimated deficit of over $30 billion. This report determined what pay and other compensation executives received in the years preceding their company’s termination of an underfunded defined benefit pension plan. To identify case study examples the report analyzed a listing of the 1,246 underfunded plans that were terminated from 1999 to 2008 and selected public companies with large unfunded liabilities, large unfunded liabilities per participant, and a large number of plan participants. The report reviewed documents provided by companies and executives, and interviewed PBGC and company officials. It also reviewed Securities and Exchange Comm. (SEC) filings and PBGC documents disclosing plan underfunding at the time of termination and missed contributions. Executive compensation figures may be understated because some company executives could not be located, did not respond to document requests, declined interviews, and did not give access to their tax records. Tables and figures.
Supporting the Sky
Air Combat: The New Face of War
Customer Service Operations: The Complete Guide
Your Mental Health: A Layman's Guide to the Psychiatrist's Bible
Sale Price: $14.00
Small Sects in America (rev. ed.)
Share your knowledge of this product with other customers...
Be the first to write a review
Diane Publishing Co
PO Box 617
Darby, PA 19023-0617
Become an Affiliate
Send Us Feedback
Copyright ï¿½ 2004 Diane Publishing Company. All Rights Reserved.