This paper describes corporate and governmental organizations appealing alternative for funding of pension plan obligations, using owned real estate. Executed in a manner consistent with legal and ERISA requirements, large in-kind contribution credits and freedom from future cash payments can be achieved.
For corporations with owned and heavily depreciated real estate, in-kind transfers of these properties accompanied by a leaseback arrangement will produce a significant step-up in contribution value and net favorable tax outcomes.
Likewise; the contribution of owned real estate by State and Municipal governments to their pension plans allows massive under-funding gaps to be closed without the taking of new debt or increased burdens on taxpayers.
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