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Understanding Liabilities Key to Well-Designed Pension Investment Strategies
Published in Investments & Wealth Monitor, May/June 2010
 
Defined benefit (DB) plans are becoming less common in today’s environment. In a DB plan, the plan sponsor (usually an employer such as a corporation or government) guarantees a certain level of benefit (e.g., 40 percent of pay) and therefore takes on the risks associated with making that guarantee. Many corporate employers are moving to exclusively providing defined contribution (DC) benefits, such as 401(k) plans, which require only a contribution to an account with no guarantee about what the ultimate level of payout will be. Read the article.