However, a task force says a local tax increase could eliminate the need to reduce the number of city workers.
More than 90% of corporate DB plans with de-risking goals say they expect to divest all their plan liabilities in the next five years.
The trend is mounting for corporate sponsors to shunt liabilities to insurers. But some don’t want to do that, and others can’t.
Moody’s forecasts a 6% rise in total adjusted pension liabilities in 2020.
Level rises to 85.8% for corporate plan funding, Aon says.
Lane Clark & Peacock expects UK mortality projections to show longer life expectancies.