Janis Kane, Director of LDI Solutions at NEPC, spoke about the viability of corporate DB plans during a recent FundFire webinar. Read more highlights, including thoughts on re-opening plans, in the snippets below, orview the article on FundFire’s site here.
While most corporate pensions do not have the funded surplus level that allowed IBM to re-open its defined benefit pension last year, companies ought to consider giving themselves time to see if they can get there, panelists on FundFire’s Exchange webcast said Monday.
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“Since IBM’s announcement, there have been many conversations among plan sponsors about potential courses of action, but very few are prepared to follow suit just yet, said Janis Kane, director of liability-driven investment at consultant NEPC
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“While we don’t see or anticipate an immediate uptick in the re-opening of DB plans, we’re having increased discussions on the uses of surplus,” she said.
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