FROM PAGES PAST: 1922: Civil War Veterans honored by Rotary
News and events from the pages of The Chronicle-Express newspapers from 150, 100, 75, and 50 years ago.
Source: chronicle-express.com
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Congress Provides Defined Benefit Pension Plan Funding Relief | Foley & Lardner LLP
The American Rescue Plan Act of 2021 (the “ ARPA”), which President Biden is expected to sign, provides additional funding relief to sponsors of single-employer defined benefit pension plans. Valuation of Plan Benefit Obligations A plan’s goal is to have sufficient assets to equal the present value of all benefits accrued or earned under the plan. If the present value of those benefit obligations is greater than the value of plan assets, then the plan is underfunded and the employer may be required to make a minimum required contribution to help further fund the plan. Determining the ...
Source: jdsupra.com
Defined Benefit Pension Plan Funding Relief from Congress
Thursday, March 11, 2021 The American Rescue Plan Act of 2021 (the “ ARPA”), which President Biden is expected to sign, provides additional funding relief to sponsors of single-employer defined benefit pension plans. Valuation of Plan Benefit Obligations A plan’s goal is to have sufficient assets to equal the present value of all benefits accrued or earned under the plan. If the present value of those benefit obligations is greater than the value of plan assets, then the plan is underfunded and the employer may be required to make a minimum required contribution to help furt...
Source: natlawreview.com