Today’s rapidly rising interest rates are forcing companies to reevaluate their defined benefit (DB) plans’ funded status and risk posture. If finance leaders hope to create a successful strategy for their DB plans, they need to first determine the destination of the plan – whether it’s accruing and retaining long term, terminating it, or something in between.

In this report, explore the 2023 CFO Dive/Mercer survey results, which include responses from 152 senior financial executives who manage an organization’s DB or pension plan. Gain crucial insights on the two camps that have emerged in response to soaring interest rates: One that is committed to long-term plan sustainability, and the other that’s looking at terminating plans and transitioning to a defined contribution (DC) arrangement. Read now to learn about:

• Considerations when retaining or terminating a DB plan
• The biggest funded-status improvements in 2022
• The impact of flexibility on pension plan funding

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