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Article
Perfect Storm Prompts Changes in Pension Accounting
Journal of Accountancy
  • Paul B. W. Miller, University of Colorado at Colorado Springs
  • Paul R. Bahnson, Boise State University
Document Type
Article
Publication Date
5-1-2007
Disciplines
Abstract

Over the first half of the decade, pension and other postretirement benefit plans were hit hard by a perfect storm of economic forces. Investment returns were irregular and often less than expected. Falling interest rates caused employers' obligations to soar. And many old-line industries experienced a cash crunch that encouraged management to offer increased pension benefits in lieu of higher wages. A shift in demographics has resulted in far fewer younger workers and many more who have retired or are about to do so.

Citation Information
Paul B. W. Miller and Paul R. Bahnson. "Perfect Storm Prompts Changes in Pension Accounting" Journal of Accountancy (2007)
Available at: http://works.bepress.com/paul_bahnson/9/