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URL:  http://boards.fool.com/their-funding-target-attainment-is-87-that-is-30302932.aspx

Subject:  Re: Pension info to consider Date:  10/5/2012  4:42 PM
Author:  Hawkwin Number:  71017 of 78165

Their funding target attainment is 87%

That is actually not bad. Many plans have dropped below the 80% or 60% threshold. Any plan above 80% is generally considered well funded. 95% would be better (which is another threshold that requires disclosure).

http://hr.cch.com/news/pension/102209a.asp

Significantly underfunded plans, referred to as "at-risk," have special rules for determining funding targets. In general, the regulations provide that a plan is in at-risk status for a plan year if the funding target attainment percentage (FTAP) for the preceding plan year is less than 80% (65%, 70%, and 75%, respectively, for plan years beginning in 2008, 2009, and 2010), and the at-risk FTAP for the preceding plan year is less than 70%.

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I found no cost of living info in their plan materials.

Not good; and that is something you should clarify. Does the $670 a month ever have a chance of increasing and is that $670 in today's dollars or future dollars (e.g. next year, will that number be $684, for example, and so on).

With no COLA, the cost of the insurance at 62 might actually be more than the difference between the single and the joint life - but since you already pay for that, it should be less of an issue.

Tougher choice, but still clear for me with the pension. The lump sum does not get a COLA adjustment either so at 65 you could get $6