Treatment of Pension Schemes in  | View Thread
Pension Funds with Securities Issued by the Employer
John Pitzer on 8/19/2003 11:31:33 AM
There is an exception in the SNA treatment of pension funds when the fund is sponsored by a non-government employer and all of the assets in the fund are securities issued by that employer. This exception is sometimes characterized as meaning that such pension funds are treated as unfunded pension schemes. There may be some misunderstanding about this exception.

The paper suggests that pension schemes where assets are invested in the instruments (securities) issued by the schemes? sponsors are to be treated as nonautonomous pension funds.

John Pitzer worked with the IMF and is now a consultant. He was the primary author of the Government Finance Statistics Manual 2001 (GFSM 2001).

The author of this contribution to the discussion group on this site bears the sole responsibility for both the substance and the style of the contents. The purpose of the discussion group is to elicit comments and to promote debate on specific topics. As such, the views expressed on any of the issues raised are not to be attributed to the IMF.
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