TITLE
"President's Commission on Policy and Implications for Private
Pension Financing,"
Journal of Insurance Issues and Practices, Krogh,
Harold C., 1982, Vol. 5, No. 2: 52-63.
ABSTRACT
The Federal Employee Retirement Security Act of 1974 presumably
improved the retirement security of persons covered by an "Adequate
Private Pension Plan," and presumably has increased adequacy
of financial soundness, particularly when complemented by Federal
Old Age and Survivors' Disability Insurance "Social Security."
Recent federal congressional amendments to the 1974 act and the
report in 1981 of the President's Commission on Pension Policy,
and related recent developments in the operation of the Pension
Benefit Guaranty Corporation encourages study; in observation
that Private Pension Programs may be actually subject to significant
countertrends, i.e., risk increase, and consequent diminished
financial soundness and adequacy of retirement funds. Two aspects
of countertrends are furnished in the paper: (1) proposals for
modifications of the vesting rules under ERISA; (2) the increased
awareness of intensified risk under multi-employer programs.
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