Tag: Financial Accounting Standards Board
How important was the 1974 legislation compared to other factors? This year is the 50th anniversary of the Employee Retirement Income Security Act of 1974 (ERISA), so Yale Law School professor John Langbein’s recent article “ERISA’s Role in the Demise of Defined Benefit Pension Plans” seemed timely. My view is that a lot of factors…
Making liabilities look small doesn’t make them go away. In doing background reading to figure out how many companies may follow IBM and reopen a closed defined benefit plan, commentators kept referring to “funding relief,” which – combined with the improved funded status and de-risking – has dramatically reduced the likelihood that a company would…
