A pension deficit occurs when a company does not have enough money to cover its obligation to pay pensions. Employers are not required by law to offer pensions, but if they do, they must establish a pension fund to ensure the money is available. A pension shortfall can occur for various reasons, and if the […]
A pension deficit occurs when a company cannot cover its obligation to pay pensions. Some US employers offer pensions voluntarily or after union negotiations. The Employee Retirement Income Security Act regulates pension availability, and a pension fund must be set up to ensure the money is available. A pension shortfall can occur for various reasons, […]
