TITLE

Mixed review

AUTHOR(S)
Kozlowski, Rob
PUB. DATE
July 2003
SOURCE
Pensions & Investments;7/21/2003, Vol. 31 Issue 15, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
A slight majority of pension industry executives approves of U.S. President George W. Bush's proposed new benchmark for calculating pension liabilities, but few believe the change would save the defined benefit system. On July 07, the administration proposed replacing 30-year Treasury bonds with corporate bonds as the benchmark for calculating pension liabilities under the Employee Retirement Income Security Act. Of the 252 plan sponsors, consultants, money managers and other service providers who responded to an informal poll, conducted by Pensions & Investments, about 55% approved of the overall proposal.
ACCESSION #
10422978

 

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