Two masked senior citizens, one in a big mask, stand at open window hugging (Photo: Shutterstock)

The COVID-19 pandemic is having a broad impact on the majority of defined benefit plan sponsors and could influence their plans to de-risk their pension plans, according to a new survey by MetLife.

The survey, 2020 Pension Risk Transfer Poll, included more than 200 plan sponsors with more than $100 million in plan assets to learn more about their perspectives on COVID-19 and their de-risking plans and goals. The report predicts about $3 trillion in DB pension plan liabilities will flow through the pension risk transfer pipeline over the next ten years.

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