Blog Tag: Defined Benefits
The debate continues over how governmental entities should fund their pension plans. Unlike pension plans sponsored by private corporations, generally no federal laws exist that define an annual minimum required contribution. Some state and local governments have laws that define a minimum required contribution, while others have none. Most stakeholders agree on several funding policy objectives. However, some objectives are considered controversial, and even when a general objective is agreed upon, some may disagree on how to best achieve or measure the objective.