Ideally, the role of policymakers is to make laws which effectuate change consistent with public interest. However, in order for policy makers to meet this demand, it is necessary for them to identify distinct issues and their respective causes and long term effects. In furtherance of this goal, as it relates to the issue of accelerated funding of qualified defined benefit plans, this Article will address the following questions: (1) whether it is practical to separate the concept of accelerated funding from impending plan termination, (2) whether the removal of excess assets from terminating plans can be deterred in ways which offset tax-subsidized gains attributable to overfunded amounts rather than in ways which discourage accelerated funding, and (3) whether, in the absence of concerns relating to plan termination, accelerated funding is consistent with pension policy.
Regina T. Jefferson, Defined Benefit Plan Funding: How Much Is Too Much?, 44 CASE W. RES. L. REV. 1 (1993).