While there are several reasons pension plan sponsors are looking to address risk in their plans, reducing Pension Benefit Guaranty Corporation premiums remains a concern many plan to address in the coming year.
Close to one-quarter (22%) of plan sponsors say they are very likely to offer terminated vested participants a lump sum window in the coming year, according to recently released data from Aon Hewitt. In addition, 19% of employers plan to increase cash contributions to reduce PBGC premiums in 2015, and 21% say they will consider purchasing annuities for a portion of their plan participants.
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