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March 22, 2006 at 02:50 PM
Many corporate financial executives are worried about the risk lurking in frozen defined benefit pension plans as well as in plans that are still open to new entrants.
Researchers in the Stamford, Conn., office of Towers Perrin Inc. have published that conclusion in a report on an informal survey of more than 100 executives at companies with large pension plans.
Although 32% of the participants’ companies have frozen out new plan participants, many of the participants continue to worry about the plans’ obligations, the researchers write.
Pension plan sponsors can insure against most pension plan risk by buying annuities from insurance companies.
