Corporate Pension Contributions Total $62 Billion in 2017
The funded status of the 100 largest US defined benefit plans rises nearly 5% to 86%.
The funded status of the 100 largest US defined benefit plans rises nearly 5% to 86%.
Report says pension cuts reduce the public sector’s ability to compete for new employees.
Despite the sharp rise, the aggregate deficit is down 29% from 2017.
Report finds pubic pensions are hunkering down as corporate pensions are winding down.
Report suggests states assume annual returns of 6.5% for the next decade.
Tracking portfolio reverses last year’s gains after surging in January.
Survey also finds 16% will opt out due to recent mandatory contribution increases.
Mandatory Provident Fund is down 0.26% for year despite strong January.
Liabilities of corporate defined benefit plans of S&P 1500 firms rise, as those of FTSE350 fall.
Report estimates top 50 defined benefit plans at 86% funded level.
Report also shows that the majority of employers are upholding auto-enrollment duties.
However, figure ‘masks the materially worse funding position likely to be reported.’
Surveyed investors prefer advice from human interaction versus AI, whereas tech is preferred as strategy tool.
The largest increase in pension take-up was seen among Millennials.
Total amount paid remains the same as the number of retirees rises.