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New Index To Track Pension Plan Funded Status

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Hewitt Associates Inc. has developed a new retirement security benchmark.

Hewitt, Lincolnshire, Ill., a human resources firm, will be publishing the Pension Surplus Index, a set of charts that will compare the assets and liabilities of defined benefit pension plans for several different groups of companies, including Fortune 500 companies and FTSE100 companies.

Researchers will use “mark to market” methods to update the charts daily, Hewitt says.

Market commentators and others can use the charts to talk about the effects of charges in interest rates and other changes on the funded status of large pension plans, Hewitt says.

Hewitt also is introducing the Pension Risk Scorecard.

The scorecard is a collection of 10 different risk measures.

Hewitt will compute scorecard scores for each client and compare the results to an overall market benchmark.

The goal of the tools, part of a new Global Risk Services initiative, is to help pension managers manage risk.


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