TY - JOUR T1 - U.S. Corporate DB Pension Plans—<em>Today’s Challenges</em> JF - The Journal of Retirement SP - 34 LP - 46 DO - 10.3905/jor.2016.3.4.034 VL - 3 IS - 4 AU - Martin L. Leibowitz AU - Antti Ilmanen Y1 - 2016/04/30 UR - https://pm-research.com/content/3/4/34.abstract N2 - This article analyzes the multiple considerations facing a corporate sponsor making decisions about its defined benefit pension plan. First, the authors examine why so many plans have closed and/or shifted to more conservative asset-liability allocations. Second, they discuss the challenging balancing act for underfunded plans when making their asset class allocation, duration-matching, and contribution choices, as well as the risks and costs associated with each choice.TOPICS: Retirement, pension funds ER -