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Publication Date: 2005
Publisher: DIANE Publishing Company
Walker, David M., Bovbjerg, Barbara D.
Employer-sponsored defined benefit pension plans (DBPP) face unprecedented challenges in the midst of significant changes in our nation's retirement landscape. Many DBPP & the fed. agency that insures them, the Pension Benefit Guaranty Corp. (PBGC), have accumulated large & growing deficits that threaten their survival. Meanwhile, the percentage of Amer. workers covered by DBPP has been declining for 30 years, reflecting a movement toward defined contribution plans (e.g., 401(k) plans). To address these issues, a diverse group of knowledgeable individuals was convened -- incl. gov't. officials, researchers, accounting experts, actuaries, plan sponsor & employee group rep., & members of the investment community. Charts & tables.Walker, David M. is the author of 'Future of the Defined Benefit System and the Pension Benefit Guaranty Corporation : Highlights of a Gao Forum', published 2005 under ISBN 9781422300534 and ISBN 1422300536.