Not only is it expensive to buy annuities to fund existing retiree benefits, but financial statement issues also may stymie plan terminations.
While overseeing pension plans is increasingly complex and there's no silver bullet solution, employing these four strategies can do much to reduce risk.
Recent and near-future gains in funded status aside, plan sponsors should formulate policies to address likely higher minimum contributions going forward.
Some simple, widely employed best practices for pension funding seem to have escaped the notice of almost 200 plan sponsors.
Sponsors seek to tackle the rising costs and onerous administrative burdens of defined-benefit pension plans.
