• Corpus ID: 15237365

North-Holland CORPORATE TAXES AND DEFINED BENEFIT PENSION PLANS *

@inproceedings{Thomas2001NorthHollandCT,
  title={North-Holland CORPORATE TAXES AND DEFINED BENEFIT PENSION PLANS *},
  author={Jacob K. Thomas},
  year={2001}
}
The Tepper-Black arguments for tax-arbitrage opportunities from overfunding pension plans are critically examined and modifications proposed. Tax status, a function of current marginal tax rates and expected future taxable income, is predicted to determine funding policy. Tests of this modified tax benefits view suggest that 1) tax status declines are associated with pension contribution reductions, 2) reductions in contributions are related to previous excess contributions as well as non… 

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