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The PGIM Perspective: Longevity Risk and Liabilities
The rise in global life expectancy has implications for pension plan liabilities that are not fully appreciated.<BR></BR>
As new mortality tables demonstrate, longevity risk to pension liabilities could increase dramatically over the next two to three decades. Worse, funded status of plans has decreased significantly in the past 15 years.
DB plan sponsors need to understand the levers they can pull to counter the threat of growing liabilities. PGIM’s David Hunt and Taimur Hyat examine the challenge and available risk mitigation solutions.