Jump to ContentJump to Main Navigation
Retirement System Risk ManagementImplications of the New Regulatory Order$
Users without a subscription are not able to see the full content.

Olivia S. Mitchell, Raimond Maurer, and J. Michael Orszag

Print publication date: 2016

Print ISBN-13: 9780198787372

Published to Oxford Scholarship Online: November 2016

DOI: 10.1093/acprof:oso/9780198787372.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 30 March 2020

Mark-to-Market Accounting for United States Corporate Pensions: Implementation and Impact

Mark-to-Market Accounting for United States Corporate Pensions: Implementation and Impact

Chapter:
(p.51) 4 Mark-to-Market Accounting for United States Corporate Pensions: Implementation and Impact
Source:
Retirement System Risk Management
Author(s):

Joseph Busillo

Thomas Harvey

Bryan Hoffman

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198787372.003.0004

Plan sponsors in the United States have confronted many challenges managing their pension plans over the past few decades. Traditional generally accepted accounting principles (GAAP) for pensions is an overly complex mechanism, attempting to balance these two often conflicting goals. Especially in the wake of the last financial crisis, analysts will now need to better understand how changes in accounting methods—moving to mark-to-market (MTM) accounting—will shape the reported health of corporate defined benefit pensions. This chapter discusses how to properly account for pension assets and liabilities, and how to provide clarity regarding the plan itself while not diluting insights into the underlying business performance of the corporate plan sponsor.

Keywords:   Defined benefit pensions, generally accepted accounting principles (GAAP), mark-to-market accounting (MTM), pension volatility, plan sponsor, portfolio risk

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .