The United States and also the United Kingdom both had quasi-government agencies that provided backup insurance for people participating in defined benefit ("DB") pension plans.
Note on Pension Guarantee Funds Case Study Solution
This note compares and contrasts the UK's Pension Protection Fund ("PPF") with the United States' Pension Benefit Guaranty Corporation ("PBGC") to illustrate the consequences of poorly constructed policy arrangements (the PBGC) in contrast to those created by well-designed policy (the PPF). Specifically, this note examines differences in administration construction, conclusion capacities, funding mechanisms and asset management policies created incentive structures and distinctly different financial results.
PUBLICATION DATE: June 25, 2013 PRODUCT #: 313139-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING