Borrowing to fund: The silver lining of low rates for DB plans
If you’ve read this blog before, you probably already understand that low interest rates have a negative effect on defined benefit plan (DB) liabilities. (OK, Clark…we get it! A one percent drop in corporate bond rates increases pension liabilities for a typical DB plan by 10 to 15 percent!!!…
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End of the Pension Funding Holiday Road
Everyone loves vacation. Some subset of everyone also loves the 1983 film National Lampoon’s Vacation starring Chevy Chase. In case you haven’t seen NLV (if such a thing is even possible) the plot features Chase’s character, Clark Griswold, loading up the family truckster, hitting the…
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