Chapter 10 Managing the DB Legacy—Reducing PBGC Premiums

(This chapter is primarily for individuals with active responsibility for managing a DB plan and, for example, financial services companies who provide products and services to them. It is, in many places, very technical, because, in a real sense, that is (as they say) where the money is.)

Let’s consider the situation that a current DB plan sponsor finds itself in. Typically, the plan is frozen (at least in a “soft freeze”). It represents a legacy corporate liability, with assets attached. As such, the plan is primarily the focus of the firm’s Treasury department and the Chief Financial Officer—generally, Human Resources is more concerned about the ongoing plan, typically a 401(k) plan. ...

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