Corporate DB plans still hard to beat, JPMAM’s chief of institutional strategy says

By Rob Kozlowski
Source: Pensions & Investments

You’re a U.S. corporation, your frozen defined benefit plan is fully funded, and now it’s time to get rid of it, right? One expert says perhaps not.

U.S. corporate defined benefit plans are healthier than they’ve been in decades, and companies should think about keeping them so they can take advantage of surplus assets, said Jared Gross, head of institutional portfolio strategy at J.P. Morgan Asset Management, in an interview on Monday.

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