The big difference between traditional and cash-balance plans lies in the way workers accrue benefits.
Like traditional pension plans, and unlike 401(k) plans, cash-balance plans are wholly funded by employers and insured by the federal Pension Benefit Guarantee.
And so, last week, there were picketers outside and raw emotions inside at hearings on rules that would end a moratorium the U.S. Department of the Treasury imposed in 1999 on giving its blessings to cash-balance conversions.
But ever since disgruntled IBM employees brought the issue to public attention, the movement by major corporations to convert traditional defined-benefit plans to so-called cash-balance pension plans has been a lightning rod for workers'--and particularly baby boomers'--growing anxiety over their retirement incomes.
In a cash-balance plan, the company contributes a set amount of salary for each worker every year to a theoretical account for him (even though the money is actually managed in one big pot), and then credits his account with some guaranteed annual return--typically the yield on 30-year Treasuries.
Two holdovers from the hard times--low interest rates and cash-flush corporate balance sheets--give buyers of castoffs the wherewithal.
Nabors also sports a cash-rich balance sheet with 12% net debt.
The cash-rich balance sheet enables MDC to support its solid dividend, which currently yields an impressive 5.7%, making MDC one of the top-yielding materials and construction stocks.
The narrowest measure of the money supply - in effect, cash on bank balance sheets - has risen by 58% since September, as you'd expect when the Bank is handing their customers all that freshly created money in exchange for the purchased gilts.
During the same period, the median cash-advance and balance-transfer fees jumped by 33%.
For instance, in the U.S., non-financial corporate cash on balance sheet is at a 50-year high at nearly 6%, according to Credit Suisse.
With these proceeds, plus pre-existing cash on the balance sheet, we believe that we have adequate cash to execute on our strategy to capitalize on the growing number of Internet names and identifiers as well as the increasing focus on reliability and availability of networks.
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The first reason for worry, oddly, is that Germany's legion of small and medium-sized firms entered this downturn with balance-sheets stuffed with cash.
Home prices rose about 8% in 2012, which can contribute to a self-reinforcing circle of coaxing hesitant buyers off the sidelines while improving household balance sheets and creating cash-saving refinancing opportunities.
The belief is that with more dollar-cash on everyone's balance sheets, banks will be less fearful of lending money to potential defaulters.
Immelt indicated the company would use some of its enormous cash balance to buy mid-sized companies that fit well into what the company already does.
In addition, Alliance Fiber sports a debt-free balance sheet with 75 cents per share in cash, while Bookham's price-to-sales ratio is 1.6.
Corporate free cash flow and cash on balance sheet is at an all-time high.
Companies with fortress-like balance sheets, strong cash generation, and consistently high returns on capital, he argues, are able to continue to produce more consistent earnings growth despite an unpredictable macro-environment.
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She tends to look for financial attributes that are similar to those attractive to private equity investors: well-managed companies with ample cash on the balance sheet, recurring cash flows and low valuations.
Banks have been hoarding cash, preparing their balance sheets for the quarter-end and year-end.
The result: What Parker says is "a great balance sheet, " with a cash-to-debt ratio over 2.0.
They raise cash and help to shrink GE's balance sheet--at the expense of GE's reputation for buying smart and making earnings grow.
Getting a handle on a company's future health involves looking at it from all sides--the income statement, balance sheet and cash flow statement.
Chevron has a strong balance sheet, with more cash on hand than long-term debt owed.
However, as the cycle has bottomed, I would expect market rotation into out-of-favor sectors, companies with dominant market positions, cash rich balance sheets, and growing end markets.
Despite a rock-solid balance sheet and a continued strong flow of free cash?
The theme running through these properties is low to moderate price-earnings ratios, impeccable balance sheet strength, high free cash flow generation and the capacity to indulge in financial engineering in the form of share buybacks, dividends and deal activity.
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