The 20 sponsors of defined benefit plans with the largest global liabilities together carry almost $914 billion in future obligations, according to Russell Investments.
The “$20 Billion Club,” first coined by Russell in 2011, is comprised of U.S. corporations with at least $20 billion in pension liabilities.
There were 16 members at the club’s inception. Now there are 20, each carrying at least $22 billion in pension liabilities.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
