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(DOWNLOAD) "Funding Status Projections for Southern Public Teaching Pension Plans (Report)" by Atlantic Economic Journal * Book PDF Kindle ePub Free

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Funding Status Projections for Southern Public Teaching Pension Plans (Report)

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eBook details

  • Title: Funding Status Projections for Southern Public Teaching Pension Plans (Report)
  • Author : Atlantic Economic Journal
  • Release Date : January 01, 2008
  • Genre: Business & Personal Finance,Books,
  • Pages : * pages
  • Size : 266 KB

Description

Introduction Alarms about the underfunded status of private defined-benefit pension plans have already sounded. Time magazine's October 31, 2005 cover, "The Great Retirement Ripoff," is certainly loud enough. These warnings are not simply media hype as large corporations such as United Airlines and Delta have completely unloaded their pension obligations on the Pension Benefit Guaranty Corporation (PBGC), a government agency that has recently been running annual deficits in the $20 billion range. As of 2006, PBGC faces another $73 billion in 'reasonably possible' underfunding exposure (PBGC 2006).


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