IDEAS home Printed from https://ideas.repec.org/a/wri/journl/v9y1986i2p44-56.html
   My bibliography  Save this article

The Impact of Corporate Pension Plan Reversions on Retirement Benefits

Author

Listed:
  • Fred W. McKenna
  • A. Frank Thompson
  • Yong H. Kim
  • Philip W. Glasgo

Abstract

Recently, corporations in increasing numbers are terminating their defined benefit pensions, paying off associated pension liabilities and recovering the remaining assets from their plans. Corporate raiding of pension fun assets has evoked public and Congressional scrutiny. This paper examines (1) the legal and regulatory framework for pension plan reversions, (2) the impact corporate reversions may have on retirement benefits to workers, and (3) the consequences of reversions on PBGC. Results indicate that plan reversions may reduce future retirement benefits for workers. Since pension funding represents a form of deferred compensation to employees, corporate capture of pension assets through reversion may be viewed as reducing worker benefits.

Suggested Citation

  • Fred W. McKenna & A. Frank Thompson & Yong H. Kim & Philip W. Glasgo, 1986. "The Impact of Corporate Pension Plan Reversions on Retirement Benefits," Journal of Insurance Issues, Western Risk and Insurance Association, vol. 9(2), pages 44-56.
    • Handle: RePEc:wri:journl:v:9:y:1986:i:2:p:44-56
    as

    Download full text from publisher

    File URL: http://www.insuranceissues.org/PDFs/X.pdf
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wri:journl:v:9:y:1986:i:2:p:44-56. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: James Barrese (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.