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Month: January 2021

How Well Funded Is Your Pension Plan? And Why Should You Care?

How Well Funded Is Your Pension Plan? And Why Should You Care?

Once a year, pension plan administrators are required to furnish participants with an “annual funding notice” regarding the funded status of the plan. For both single-employer and multiemployer plans, the annual funding notice MUST include (i) the plan’s funded percentage for the most recent plan year and the two preceding plan years, (ii) a statement of the value of the plan’s assets and liabilities, (iii) a description of how the plan’s assets are invested, (iv) a statement of the total…

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