Pensions & Investments and Oxford University Report on the Future of Defined Benefit Pension Plans.
PR Newswire Europe, February, 2007
NEW YORK, February 16 /PRNewswire/ --
Defined benefit pension plans won't die, but will need to be retooled to remain viable for corporations to sponsor them, a survey of more than 1,600 pension experts by Pensions & Investments and Oxford University shows.
Nancy K. Webman, Chicago-based editor of P&I, said the publication decided to join Oxford on the survey because "the future of defined benefit plans is a hot-button issue, especially as defined contribution plans like 401(k)s appear to be taking over as the dominant retirement plans in the United States and many other countries." Experts surveyed want to fix the problems -- such as not having enough assets to pay benefits to vested participants (known as underfunding) -- now, rather than pass them...
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