Companies Prepare To Dump Pension Plans In 2014

2014-03-19T21:42:05-07:00March 19th, 2014|Categories: Defined Benefit Plans|Tags: , , |

Will your defined benefit pension be the next to be “derisked” and then dumped? Clorox froze its defined benefit pension plan in 2011, and now it’s taking steps to prep the plan in case the fiduciary committee decides to offload it onto an insurer, according to a Clorox executive who spoke at a recent Mercer webcast on pension derisking. What does pension derisking mean for workers? Employers might offer to pay current retirees and former employees lump sums in lieu [...]