Feb

3

New mortality estimates by the Society of Actuaries, to be adopted by most private company defined benefit pension plans, will cause DB plan obligations to grow by about 7%, increasing the motivation of plan sponsors to offload their plan obligations to insurers:

"The Big Number"


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  1. Art Cooper on February 24, 2015 12:28 pm

    The effects of these new estimates are already being felt, as described in “Longer Lives Hit Pension Plans Hard,” on p B1 of the Feb 24 WSJ. GM, e.g., announced the mortality changes had caused the funding of its US pension plans to fall short by an additional $2.2 billion and contributed to significant pension losses that will be filtered into its earnings.

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