BNA's Web Watch - Pension Security Issues

Hearings by Subcommittee on Employer-Employee Relations April 29, 2004. Hearing on “Examining Long-Term Solutions to Reform and Strengthen the Defined Benefit Pension System” Opening Statement of Chairman Johnson

Panel One
Mr. Kenneth A. Kent Academy Vice President, Pension Issues American Academy of Actuaries Washington, DC

Mr. Greg Heaslip
Vice President, Benefits PepsiCo, Inc. Purchase, NY

Mr. J. Mark Iwry, Esq.
Non-Resident Senior Fellow The Brookings Institution Washington, D.C.

Panel Two
Mr. Timothy Lynch President and CEO Motor Freight Carriers Association Washington, DC

Mr. John S. “Rocky” Miller, Esq. Partner Cox, Castle & Nicholson, L.L.P. Los Angeles, CA

Dr. Teresa Ghilarducci, Ph.D. Associate Professor of Economics and Director of the Monsignor Higgins Labor Research Center University of Notre Dame Notre Dame, IN

Department of Labor – Bureau of Labor Statistics
Employment Cost Index—March 2004

Department of Labor – Employee Benefits Security Administration
Advisory Council on Employee Welfare and Pension Benefit Plans
Report of the Working Group on Defined Benefit Plan Funding And Discount Rate Issues
(November 2003)

Pension Benefit Guaranty Corporation
PBGC Annual Reports

Pension Insurance Data Book 2003

Department of Treasury
Mark J. Warshawsky Assistant Secretary for Economic Policy U.S. Department Of The Treasury Prepared Remarks National Economists Club

Independent Agencies
General Accounting Office
PRIVATE PENSIONS Multiemployer Plans Face Short- and Long-Term Challenges (March 2004)

Thursday, March 18, 2004 PRIVATE PENSIONS Multiemployer Pensions Face Key Challenges to Their Long-Term Prospects Statement of Barbara D. Bovbjerg, Director Education, Workforce, and Income Security Issues (March 18, 2004)

PRIVATE PENSIONS Publicly Available Reports Provide Useful but Limited Information on Plans’ Financial Condition (March 2004)

Pension Benefit Guaranty Corporation: Single-
Employer Insurance Program Faces Significant Long-Term Risks, GAO-04-90
(Washington, D.C.: Oct. 29, 2003).

Nongovernment Organizations

Brookings Institute
Strengthening Retirement Security
Joint Economic Committee, US Senate, March 10, 2004
Peter R. Orszag, Senior Fellow, Economic Studies

Balances in Defined Contribution Plans and IRAs
Tax Notes, February 2, 2004
Peter R. Orszag, Senior Fellow, Economic Studies

Deloitte Consulting
Survey of Pension Practices Pension Crisis Survey, March 2004 Deloitte Consulting LLP survey released (April 27, 2004)

Financial Accounting Standards Board
Statement of Financial Accounting Standards No. 132 (revised 2003), Employers’
Disclosures about Pensions and Other Postretirement Benefits.
(full text) || (summary)

Statement of Financial Accounting Standards No. 87, Employers’ Accounting for
Pensions (fulltext) || (summary)

International Standards Accounting Board
Proposed Amendments to IAS 19 Employee Benefits--Actuarial Gains and Losses, Group Plans and Disclosures (comments due by 31 July 2004)

Segal Benefits, Compensation and HR Consulting, SEGAL Survey, “The Funded Position of Multiemployer Pension Plans Remains Relatively Solid Despite Further Erosion"

August 2003

Federal Government
Congressional Hearings
July 15, 2003
Subcommittee on Select Revenue Measures Joint Hearing on Examining Pension Security and Defined Benefit Plans: The Bush Administration's Proposal to Replace the 30-Year Treasury Rate Tuesday, July 15, 2003

Witnesses Testify on Bush Administration 30-Year Interest Rate Plan, Strengthening Defined Benefit Pension Plans

July 15, 2003 - Hearing on "Examining Pension Security and Defined Benefit Plans: The Bush Administration’s Proposal to Replace the 30-year Treasury Rate” (Jointly with the Committee on Ways and Means Subcommittee on Select Revenue Measures

June 4, 2003
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