Description: Due to the decline in interest rates in 1993, the SEC staff began focusing on the discount rates being used for pension and postretirement benefit accounting under FASB Statement of Financial Accounting Standards FAS 87, 'Employers' Accounting for Pensions,' and FAS 106, 'Employers' Accounting for Postretirement Benefits Other Than Pensions.' Employers will need to assess their discount rates and, for some, reduce those rates significantly. To help plan sponsors comply with the SEC guidelines, Salomon Brothers has developed a Pension Discount Curve and a Pension Liability Index. This report reviews the construction of these two measures, as of December 1994.

Description: This article from The Actuary discusses limited-scope reviews of issues, that are becoming increasingly frequent due to tightening budgets and lower resource availability. It primarily focuses on a flawed quick solution by the FASB/IASB to cash balance pension plan accounting.

Description: The presenters will provide an update on recent developments impacting U.S. retirement plans, such as regulatory guidance, new legislative proposals, recent court cases and recent trends. Experienced pension actuaries will share their perspectives on these issues and discuss how plan sponsors are being impacted.

Description: 10 Considerations for DB Pension Plans in Light of the Coronavirus Crisis of 2020. The article discusses the following topics: ERISA funded status & benefit restrictions; cash contributions & tax deductibility; PBGC premiums; Pension Accounting Expense; Commencing Benefits After Normal Retirement Age; Bringing Back Former Participants; Actuarial Assumptions; Asset Allocation and Re-Risking; De-Risking Expectations and Future Funding Relief