| New research from national pension consulting
firm NEPC suggests increased lifespan projections from the Society of Actuaries
(SOA) and other economic pressures, such as the recent hike in Pension Benefit
Guaranty Corporation (PBGC) premiums, are seriously intensifying cost pressures
on defined benefit (DB) plan sponsors. From vigorous activity in the pension
de-risking and buyout space to expanding interest in pension hibernation and
other “bridge strategies,” Brad Smith, a partner in NEPC’s corporate services
practice, tells PLANSPONSOR there is no shortage of evidence that pension plan
sponsors are feeling pinched. Add in recent news reports that the ongoing
budget deal being hammered out in Washington could lead to further PBGC premium
hikes, and it all makes a pretty grim picture for pension plan sponsors.Read more > |
