Level rises to 85.8% for corporate plan funding, Aon says.
Longer life expectancies and lower than expected employee turnover figures contribute to the state’s pension woes.
Annuity contract with Prudential to transfer benefits for 17,200 members.
Lane Clark & Peacock expects UK mortality projections to show longer life expectancies.
Debates ensue over projected returns, transition costs, and throwing the fund’s impeccable funded ratio off-balance.