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Homework Assignment for Pension-Plan Participants
To check up on the health of your pension, start by requesting that your company provide you with its pension-funding notice, a document that apprises plan participants of the financial status of the plan. That form should show you the extent to which your plan's assets cover its liabilities.
A funding rate of 80% or better is considered a sign of reasonably good health; if your plan falls below that threshold, that's a red flag.
Ahorre August 27, 2010 07:00 AM