PT  - JOURNAL ARTICLE
AU  - Martin L. Leibowitz
AU  - Antti Ilmanen
TI  - U.S. Corporate DB Pension Plans—<em>Today’s Challenges</em>
AID  - 10.3905/jor.2016.3.4.034
DP  - 2016 Apr 30
TA  - The Journal of Retirement
PG  - 34--46
VI  - 3
IP  - 4
4099  - https://pm-research.com/content/3/4/34.short
4100  - https://pm-research.com/content/3/4/34.full
AB  - 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