With many large defined benefit pension plans close to being fully funded, their sponsors are in a position to immunize and offload pension liabilities, according to a UBS "Portfolio Advisor" report. "That would help lower corporate earnings volatility going forward, but it would also potentially create a great generational divide," the report said. "While current retirees and those approaching retirement would enjoy a decent level of income promised by fully funded pension plans, employees in the early stages of their career and future generations would not see that kind of benefit at retirement."

Full Story:

Related Summaries