Pensions


The Pension Benefit Guaranty Corp. (PBGC) proposed a statement of policy that would revise the structure of penalties assessed against pension plan administrators who fail to notify participants of underfunding and of the extent to which the PBGC would compensate for such deficiencies ( www.pbgc.gov/regs ). Under the suggested statement, penalties would be based on the number of plan participants rather than on the number of days delinquent, as currently required. The recommended policy also would provide for a more rigorous audit program, coupled with stricter enforcement and significantly higher penalties for repeated noncompliance. Comments are due July 6.

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VIDEO

Excel walk-through: Sparklines

Want to liven up your spreadsheets with some color and graphical elements? Kelly L. Williams, CPA, Ph.D., shows how to use Excel sparklines, which illustrate data trends and patterns via small charts that fit in a single Excel cell.