Benefits plan managers hoping to reduce their employers' long-term financial exposure are increasingly offering employees who have accrued pension and related benefits short-term options to get them off the books more quickly.
This trend came through loud and clear in a Mercer/CFO Research report, "Evolving Pension Risk Strategies," released this week. The survey sought input from finance executives of major corporations and nonprofits, each of which had at least $100 million in defined benefit plan assets.
"This year's survey confirms what we have seen in working with our clients: continued strong support for risk management strategies such as dynamic de-risking and, more recently, increased plan sponsor interest in risk transfer opportunities," intoned a summary of the findings.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
