Challenges Facing the Defined Benefit (DB) Pension System

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Challenges Facing the Defined Benefit (DB) Pension System

  • Large accumulated deficits for many active plans, the PBGC, and the U.S. Government

  • Structural weaknesses in certain industries with large, underfunded DB plans

  • PBGC has limited control over its risks

  • Decline in the number of DB plans

  • Changing demographics and workforce trends

  • Legal and regulatory uncertainties

  • Social Security reform initiatives