12/20/2013

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."

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