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1 Matching News Items

1.  This $25 Trillion Mistake Could Change the Face of Retirement
Madison.com Link to more items from this source
July 28, 2016
"On a global level, pension-related longevity risk exposure is as high as $25 trillion. In other words, if all the companies out there that issued pensions were to actually make good on their promises, they'd risk coming up $25 trillion short. To combat this problem, many companies with pensions already in place have stopped offering them to new employees. Some have halted accruals on existing plans to minimize their risk. Most, however, are skirting the issue by not offering defined benefit plans in the first place."

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