While experts say the financial crisis has hurt the financial health of most defined benefit (DB) pension plans, leaving cash and credit generally scarce, Towers Perrin reports evidence that companies are sticking to the financial viability of their plans.
“Companies are telling us that they are committing to returning their plans to a better funding status for the longer-term, but their ongoing commitment to the plans rests on economic recovery and reasonable regulations," says Sylvia Pozezanac, managing principal of Towers Perrin's Retirement Risk Solutions business practice.
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