Retirement plan funding: how has legislation affected it?
Smith, D.
Healthcare Financial Management Journal of the Healthcare Financial Management Association 42(10): 68-72
1988
ISSN/ISBN: 0735-0732 PMID: 10302737 Document Number: 312041
Because of the changes in tax laws, accounting guidelines, and economic conditions, the "shelf life" of many retirement plans has expired. Financial managers need to examine the effects these changes have had on retirement plan funding, especially the effects the Omnibus Budget Reconciliation Act of 1987 has produced. By using an evaluation method that examines the basic issues involved in retirement plan funding, financial managers can determine whether or not their retirement programs can continue to meet hospital objectives. This is the last article in a series on retirement plans. The first article in this series discussed the issues that affect the design of retirement plans.