Tag: Pension plan
It’s the employer’s responsibility to find former employees and keep them apprised of any retirement benefits they left behind. But that hasn’t always worked out. Some employers don’t have former workers’ current contact information, and others don’t bother to track them down. Worst-case scenarios are often fallout from a merger: the company being acquired has…
The brief’s key findings are: The analysis looks at the costs of pensions, OPEBs, and debt service for all states and the largest counties and cities. Costs assume a 6-percent discount rate and an adequate amortization schedule, and are compared to own-source revenue. The good news is that the total cost burden appears under control in…
