Mixed review

Kozlowski, Rob
July 2003
Pensions & Investments;7/21/2003, Vol. 31 Issue 15, p1
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.


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