US - In a bid to strengthen the country's defined benefit pension system to ensure retirement security for all workers and retirees, the American Academy of Actuaries is recommending seven fundamental principles for guiding pension reform.
The principles, which form part of the analysis detailing major steps for pension funding reform for single-employer plans, include: 1) Solvency; 2) Predictability and Hedgeability; 3) Transparency...
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