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International Pension Funds Conference. April 2000, Madrid. CIEBA: Committee on Investment of Employee Benefit Assets. 130 Major Corporations More than $1 Trillion in Pension Assets $731 Billion in Defined Benefit Assets $471 Billion in Defined Contribution Assets
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International Pension Funds Conference April 2000, Madrid
CIEBA: Committee on Investment of Employee Benefit Assets • 130 Major Corporations • More than $1 Trillion in Pension Assets • $731 Billion in Defined Benefit Assets • $471 Billion in Defined Contribution Assets • 15.4 Million Plan Participants
CIEBA 1994-1998 Membership ProfileU.S. Plans Summary Assets ($ Billions) $1,202 $1,019 $866 $865 $699
CIEBA 1994-1998 Membership ProfileU.S. Plans Summary Participants (000) 15,396 15,159 14,327 13,916 13,902
DB Plan Participants DC Plan Participants CIEBA 1994-1998 Membership Profile DB/DC Average Assets / Plan Participants +76% +44%
Trends • Defined Benefit Plans Fully-funded • Experiencing Net Cash Outflows • Defined Contribution Plans Growing Rapidly • Experiencing Net Cash Inflows • Defined Contribution Plan Assets Exceed Defined Benefit Plan Assets at 35% of Corporations
CIEBA 1998 Membership ProfileFederal Income Tax Estimated Impact ($ Millions)
CIEBA 1994 - 1998 Membership Profile Net Federal Tax Revenues +296%