I enjoyed Nevin Adams’ op-ed today at PlanSponsor.com–“IMHO: Reality “Check? It’s hard for plan sponsors to catch a break in the headlines these days” responding to this Wall Street Journal article which you can now read at SFGate.com and which was discussed here yesterday.
Watson Wyatt provides an article on the pension funding crisis in the Watson Wyatt Insider–“Pension Plan Sponsors Looking for Funding Relief from ‘Perfect Storm’ Conditions“–which recommends legislation to ease the funding situation. The article states that “contribution amounts will be significant and burdensome, and relaxing funding requirements somewhat could help plan sponsors keep their plans afloat in these stormy economic times, which would certainly benefit plan participants as well.” The article also suggests that “[e]xtending the current JCWAA relief for another two years or adopting the higher rates proposed in Portman/Cardin would go far in providing plan sponsors with the funding relief they sorely need right now.”