Pandemic impacts DB plan funding, pension de-risking strategies
Plan sponsors report a broad range of impacts to their companies and plans resulting from COVID-19, including de-risking plans and funding DB plans.
By Kristen Beckman|November 25, 2020 at 08:25 AM
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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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