The opportunity for companies to shed the risk and responsibility of pension obligations has led them to explore their options. Many have closed or terminated plans; others have opted to divest some or all of their obligations. Each exit strategy comes with its own hurdles, often dictated by the market. The ultimate goal remains: eliminate investment and actuarial risks, improve the company's balance sheet and focus on core operations.
*Scheduled increases. Sources: P&I Research Center; Society of Actuaries; Pension Benefit Guaranty Corp.; Mercer; Willis Towers Watson; Wilshire Associates
Compiled and designed by Charles McGrath and Gregg A. Runburg