The lawsuit also charged that Alexander helped clients skirt federal rules requiring that pension plans cover some lower-paid employees and not provide disproportionate benefits to the owners.
FORBES: IRS: Those small-business pension plans were too good to be true
Such pension schemes now cover far fewer workers in the private sector and soon will cover hardly any.
By any metric, and there's a debate over which is the right one, state and local governments haven't set aside enough money to cover pension or retiree health-benefit promises they've made to their workers.
U.S. clients looking for investments that can cover their pension obligations have turned to GARS and other multi-asset strategy funds.
FORBES: The 'Secret Sauce' Of A Mutual Fund With A One-Track Mind
Companies looking to follow the GM model will have to fund the plan as well as contribute an additional 15% of their assets as premium to the insurance company chosen to cover the pension.
Those with the worst deficits were German companies, but for good reason: German firms are not required to set aside money to cover their pension-fund liabilities but do have to carry the cost on their balance sheets.
With the sharp decline in stock values, many companies have less than 80.0% of the money in their pension funds needed to cover obligations and are facing a steep uphill climb to meet legal targets for funding levels.
These cases cover individuals and pension schemes which held LIBOR-denominated bonds as well as financial firms that traded LIBOR products on the Chicago Mercantile Exchange.
The central government has been trying to help, introducing a rural pension scheme that is due to cover the whole of the countryside by 2020.
When private equity fund raising was at its peak, Forbes wondered about the ''mad rush to private equity'' in a March 2006 cover story, questioning the wisdom pension funds and endowments were showing.
My articles cover everything from art investment funds and pension trusts for artists to art investment vacations, but also plenty of straight investment topics such as exchange-traded funds and municipal bond funds.
Letting charter schools exit the pension system leaves a smaller pool of public school systems to cover existing funding gaps.
Meanwhile, pension-fund managers have proved incapable of delivering the returns needed to cover future liabilities.
"I made it clear this would apply to all claimants in work and out of work, and would cover all benefits other than disability payments and the basic state pension, " he told me.
It also suggested ending its huge employee pension plans, which would cause the already stretched federal pensions-guarantee agency to cover the liabilities.
The number of private pension plans fell by 75% over the past two decades to 31, 000 and now cover a mere 20% of workers.
应用推荐