GLOBAL - There is a fundamental flaw in the US pension accounting system identified by Bob Bunicich, an actuary and principal of William M. Mercer in the Netherlands, which can inflate company figures.
The flaw is that if there is a pension surplus (prepaid pension cost), the company is not required to ask itself first whether the entire surplus may flow back to the company and be regarded as an ...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date