"We have about 7.5percentt of our $8.1 billion pension fund split evenly between overseas stock and bonds," said James Kujaca, manager in charge of pension fund planning and research at Ameritech, the Chicago-based offspring of the A.T.&T.
Fortunately, a new U.S. Treasury Department and Internal Revenue Service rule kicking in this year encourages employers to let pension participants split their retirement payouts between annuities and lump sums.
In California, the cost of teachers' pensions is split among the state, the school districts and the teachers themselves — but the state's contribution rate is set by lawmakers in Sacramento, and they have not increased it to make up for what was lost in the two big market crashes of the last decade.
He declined to say whether Liberty House would buy Tata Steel's UK business if the pension fund were split off.
Families living in less exalted circumstances, like those elderly Italian retirees who fall in love with sweet young things from Thailand or Guatemala whom they've met on a package tour, risk a coronary when their spouses' lawyers demand that the family home and the monthly pension should be split with the ex.
It says the rise in legal disputes over the size of maintenance and lump sum payments, and the splitting of pension pots, has largely been restricted to couples without children.
On top of this, contribution rates for the state pension scheme, which are split between employers and workers, will rise.
When it spun off Consolidated, CNF had to split its pension fund and put some of the money into a new fund for the departing work force.
Women who divorce will already be protected by new rules being drawn up to allow pensions to be split.
[On convergence] we think Openreach will not be split from BT mainly because: (i) Ofcom is wary of a split causing BT's Pension Trustee to demand significant extra top-up payments; (ii) a split will seriously delay building Britain better fixed broadband infrastructure.
