Next Steps After an Annuity Purchase

Next Steps After an Annuity Purchase

You’ve just completed an annuity purchase for your pension plan. Congratulations, you reduced your plan’s risks (e.g. investment, regulatory, mortality, discount rate risks) and significantly saved PBGC premiums and administrative expenses! The contracts have been...
Mortality: Back to Where We Started

Mortality: Back to Where We Started

Second only to the discount rate, the mortality assumption is the biggest driver of the pension liability on plans sponsors’ balance sheets. New mortality tables issued in 2014 reflected the substantial improvements in US mortality during the previous few decades and...
Pension Investing – Next Generation of Glide Paths

Pension Investing – Next Generation of Glide Paths

Download a PDF version of this article here. Pension plan sponsors, especially those with frozen pension plans, have spent significant time deciding on the most appropriate balance between growth (return seeking/equities) and hedging (liability matching/long-term...
Is Your Defined Benefit Plan Ready for Termination? Part V

Is Your Defined Benefit Plan Ready for Termination? Part V

Part 5 – Data Quality and Conclusion This post is the last in a 5-part series on plan termination readiness. In prior weeks, we discussed funded status [Part II and Part III] and plan administration [Part IV]. This week, we’ll wrap things up with a discussion of data...
Is Your Defined Benefit Plan Ready for Termination? Part IV

Is Your Defined Benefit Plan Ready for Termination? Part IV

Part 4 – Plan Administration This post is the fourth in a series on plan termination readiness. Previously, we discussed both the level and the risk of the plan’s funded status. This week, we’ll be focusing on plan administration. Before starting a plan...