Sponsors of private-sector defined benefit plans face annual minimum contribution requirements in the years ahead above $100 billion, tens of billions of dollars more than they're now pouring into those pensions.
That's despite having directed more money into the plans than required in the past few years, according to the Society of Actuaries.
What's more, rising interest rates alone will not resolve future increases in funding requirements, the SOA said.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
