If your company sponsors a pension plan, I don’t envy you. You’re sponsoring defined benefit plans, trying to maintain a benefit they believe is best for their workers — against some daunting financial and administrative odds. And the hits just keep on coming.
Despite recent increases in asset values and regulatory relief from the IRS, employers will be required to contribute $89 billion (yep, with a ‘b’) to their DB plans in 2010 and more than $146 billion in 2011, unless they receive funding relief from the federal government, according to Watson Wyatt.
