The trade association for the country's largest plans sponsors wants to make sure the Pension Benefit Guaranty Corp. understands how de-risking can ultimately strengthen what remains of private-sector defined benefit plans.
For starters, it would like the agency to remain flexible and to write clearer language as it sets out to gather data on plans' de-risking efforts for the first time.
"By allowing companies to have flexibility and choice with respect to approaches to managing retirement plans, policymakers can support companies in their efforts to continue to provide their workers with retirement benefits through pension plans," said Kathryn Ricard, vice president for retirement policy at the ERISA Industry Committee.
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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.
