Share this:

When pension plans pay pre-defined benefits to retirees, the responsibility for funding future benefits falls primarily on the company sponsoring the plan. The large and unpredictable contributions needed for defined-benefit plans act as a constraint on sponsors’ investment activities, and underfunding often occurs. This has been driving an increasingly vocal conversation on de-risking these plans. Divya Anantharaman, Saipriya Kamath, and […]