A new analysis finds that company sponsored defined benefit plans while dwindling in frequency since this generations Great Recession – need to do more to de-risk their liabilities in order to pay out retirement benefits to the American workforce.
Terry Dunne, managing director of the rollover solutions group at Millennium Trust, a financial services company that offers custody solutions to institutions and individuals, says that more active management of these hazards is warranted. These options include decisions on plan design, funding and investment and settlement procedures.
