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Surviving the great “benefits planning earthquake”: pension management in light of recent economic and corporate upheavals

Surviving the great “benefits planning earthquake”: pension management in light of recent... For some years now, there has been a huge crisis developing for companies around how to effectively manage their pension plans. The gist of the crisis is this: pension plans have lost almost half their value while liabilities have skyrocketed due to the current low interest rate environment. Analysts have attempted to characterize this crisis as a “Perfect Storm”, likening it to the hazards described in the book and the movie of the same name. However, a more apt scenario might be that of an earthquake. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Handbook of Business Strategy Emerald Publishing

Surviving the great “benefits planning earthquake”: pension management in light of recent economic and corporate upheavals

Dan Cassidy
Handbook of Business Strategy , Volume 5 (1): 4 – Dec 1, 2004
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Publisher
Emerald Publishing
Copyright
Copyright © 2004 Emerald Group Publishing Limited. All rights reserved.
ISSN
1077-5730
DOI
10.1108/10775730410493973
Publisher site
See Article on Publisher Site

Abstract

For some years now, there has been a huge crisis developing for companies around how to effectively manage their pension plans. The gist of the crisis is this: pension plans have lost almost half their value while liabilities have skyrocketed due to the current low interest rate environment. Analysts have attempted to characterize this crisis as a “Perfect Storm”, likening it to the hazards described in the book and the movie of the same name. However, a more apt scenario might be that of an earthquake.

Journal

Handbook of Business Strategy – Emerald Publishing

Published: Dec 1, 2004

Keywords: Pension funds management; Risk management; Outsourcing

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