Building Sustainable Pensions

Building aids for the future Table of Contents Introduction 1 1 Pensions under pressure2 defined Benefit understanding run a risk 2 Defined Contribution single(a) pain 3 2 DB plans promises and risk 5 Changing DB design qualifying your promises 5 Managing DB risk 7 3 If DC is the future, we need to strengthen it 9 Save more 9 Invest ameliorate 11 Improve the payout phase 13 Communicate and educate 14 4 Pensions play solicitude 15 5 Building pensions for the future ten guidelines 19 Introduction international companies typically sponsor a variety of different pension plans in the countries in which they do business. These plans usually include some(prenominal) Defined Benefit (DB) and Defined Contribution (DC) plans. The spherical frugal crisis has simultaneously exposed significant weaknesses in both types of plans, parkway pensions up the list of priorities for CFOs and CEOs. Although companies with DB plans pull in clearly go through the most immediate and significant consequences of the crisis, companies with DC plans may also be facing a problem that is greater than they yet realise.

charm DC has been seen as a cost-effective pensions mechanism that mitigates risk for the sponsor, it now appears to be allowing the creation of a new check off of issues. In this AEGON Global Pensions white paper, we address the impact of the global economic crisis on the pensions of multinational companies, examine practical shipway in which companies can improve their international pension supply and advocate the use of a holistic framework to suss out adequate and sustainable pensions for the future. Dealing with DB In evaluating their pension plans, legion(predicate) multinational companies will have to start by reviewing the design and management of their DB plans, as DB plans provide promises to plan members that have proven to be costly, and therefore difficult to keep. These... If you want to get a full essay, order it on our website: Ordercustompaper.com

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