TITLE

A new approach to pension liability mitigation

AUTHOR(S)
HOLLEMAN, VERNON W.; WEBB, JEFF W.
PUB. DATE
March 2010
SOURCE
Employee Benefit News;Mar2010, Vol. 24 Issue 3, p44
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses pension liability mitigation and suggests options that companies can take to mitigate liability and reduce cost. It mentions that a shift from defined benefit (DB) pension plans to defined contribution (DB) plans will result to a change in the responsibility for providing financial security during retirement from company to individual. It suggests that companies may transfer the pension plan liability and future risk to their insurance company and lists the benefits of doing so.
ACCESSION #
48797904

 

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