Interest Rates and Pensions Essay by serendipity

Interest Rates and Pensions
An explanation of how pension reporting must take into account the change in interest rates.
# 49773 | 853 words | 5 sources | MLA | 2004 | US


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Description:

An examination of interest rate assumptions for the purpose of reporting pensions. The writer explores the Pension Benefit Guaranty Corporation's generally accepted counting principles. The writer then discusses what happens to various pension accounts when the interest rate assumptions change downward and upward.

From the Paper:

"As the nation watched in horror, Enron went down in flames, and in the process took millions of dollars of pension plans with it. People across the nation lost money as Enron's demise had a ripple effect on the economy and other companies throughout America. It caused individuals to take a closer look at the way their pensions were being handled and it provided a reminder that it is important to have checks and balances in place. The Pension Benefit Guaranty Corporation is in place to manage pension plans. It manages more than 30,000 of them at any given time."

Cite this Essay:

APA Format

Interest Rates and Pensions (2004, March 17) Retrieved December 02, 2021, from https://www.academon.com/essay/interest-rates-and-pensions-49773/

MLA Format

"Interest Rates and Pensions" 17 March 2004. Web. 02 December. 2021. <https://www.academon.com/essay/interest-rates-and-pensions-49773/>

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