David Tweedie, chairman of the International Accounting Standards Board and inventor two years ago of the FRS17 standard on pension disclosure, expects to see his standard rolled out around the world soon, according to the Financial Times.
The U.S. Department of Labor has filed a complaint against Merrill E. Schmidt DDS, Inc. and the trustee of the Merrill E. Schmidt DDS, Inc., Defined Benefit Plan, claiming violations of the Employee Retirement Income Security Act (ERISA).
A growing share of the U.S. work force is covered by a retirement plan, but traditional annuity-paying defined benefit (DB) pensions are steadily loosing ground to alternative retirement plan options, according to new research by the nonpartisan Employee Benefit Research Institute (EBRI).
Legislation aimed at preventing employers from concentrating too much of their employees' retirement funds in company stock has all but died in the pipeline, thanks at least in part to intense employer opposition.
The U.S. Department of Labor is soliciting nominations to fill five three-year vacancies on the Advisory Council on Employee Welfare and Pension Benefit Plans. The deadline for receipt of nominations is October 1, 2002.
American pension funds are considering a crackdown on companies that inflate their earnings with overly optimistic assumptions about their own pension fund returns, the Financial Times reports.
Treasurers and other state officials with influence over more than $1 trillion of public pension assets have pledged to work together to foster integrity in corporate America.
Former Trans World Airlines (TWA) pilots believe that their pensions have fallen short and have filed suit against Carl Icahn, the Pension Benefit Guaranty Corp. and the Airlines Pilots Association.
