pensionfundingtargetsandstrategies(ppt25)-经营管理(编辑修改稿)

pensionfundingtargetsandstrategies(ppt25)-经营管理(编辑修改稿)内容摘要：

ity. Lessons Learned  While 2020 results were strong, they weren’t a panacea.  Plan sponsors still have the aftereffects of smoothing methodologies to deal with.  Most plans now realize that a minimum funding strategy is not optimal.  There is also considerable legislative uncertainty remaining:  shortterm interest rate and DRCrelated relief  longterm funding reform. Proactive Strategies  Push back quarterly contributions  requires minor acceleration of contribution timing  improves CL funded %  reduces PBGC premiums.  Avoid DRC  90%/90%/80%/80% pattern  avoids large increase in funding requirements.  Avoid PBGC variable premium  funding target based on FFL  variable premiums, unlike contributions, are a deadweight loss to employers. Proactive Strategies 2020 2020 2020 2020 2020 2020 Current liability $ 828 $ 975 $ 1,106 $ 1,220 $ 1,314 $ 1,398 Market value of assets 849 886 902 979 1,026 1,075 Funded % (w/ accrued contributions) 104% 91% 85% 82% 80% 85% PBGC premiums Contributions January 15 April 15 July 15 September 15 October 15 Total contribution Example 1: Minimum Funding Aggregate contributions: $ Aggregate PBGC premiums: $ Proactive Strategies 2020 2020 2020 2020 2020 2020 Current liability $ 828 $ 975 $ 1,106 $ 1,220 $ 1,314 $ 1,398 Market value of assets 849 886 902 973 1,014 1,056 Funded % (w/ accrued contributions) 104% 91% 88% 84% 82% 91% PBGC premiums Contributions January 15 April 15 July 15 September 15 October 15 Total contribution Example 2: Push back quarterly contributions Aggregate contributions: $ Aggregate PBGC premiums: $ Proactive Strategies 2020 2020 2020 2020 2020 2020 Current liability $ 828 $ 975 $ 1,106 $ 1,220 $ 1,314 $ 1,398 Market value of assets 849 886 902 973 1,014 1,159 Funded % (w/ accrued contributions) 104% 91% 88% 84% 90% 90% PBGC Premiums Contributions January 15 April 15 July 15 September 15 October 15 Total Contribution Example 3: Avoid DRC Aggregate contributions: $ Aggregate PBGC premiums: $ Proactive Strategies 2020 2020 2020 2020 2020 2020 Current liability $ 828 $ 975 $ 1,106 $ 1,220 $ 1,314 $ 1。