|
|
Issues covered by the guidelines include the funding and valuation of pension plans and how the money paid by employees into their company pension scheme should be protected if their employer or the company that finances their pension plan goes bankrupt.
“Urgent regulatory action, including rules on funding and appropriate valuation of pension fund assets and liabilities, is needed to promote retirement income security for retirees, while avoiding undue costs on employers”, the OECD is said. The OECD draft Guidelines are the first such standard issued at the international level on pension funding regulations.
The deadline for comments is 15 September 2006.