FundFire: Now Is The Time For Corporate DB Plans to De-Risk: Report

October 17, 2018

Corporate pension plans are experiencing their highest post-crisis funded status, thanks to rising interest rates, stock market gains and increased contributions, making de-risking a top priority.

The year-to-date funded status for corporate plans is around 91% on aggregate, up about 5% from the beginning of the year, according to a Goldman Sachs Asset Management (GSAM) report. The jump can be attributed to a continued run-up in the equity markets, rising long-term interest rates and plans making significant contributions to reap tax benefits ahead of a now passed September deadline, says GSAM pension strategist Mike Moran.

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Topics: Corporate Defined Benefit, Press, Press Coverage

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