US - The vast majority of large corporate pension plans are financially healthy, according to a survey by the Committee on Investment of Employee Benefit Assets (CIEBA).
The survey showed assets in both defined benefit (DB) and defined contribution (DC) plans increased during 2006 by 9% and 11% respectively.
Plan increases were explained by strong investment returns, however, 71% of DB plans sponsors contributed over $27bn to their plans.
DB plans had 68% more assets and paid out 53% more in benefits when compared with DC plans.
William Quinn, chairman of CIEBA, said: "This survey confirms that the massive changes in law adopted in 2006 were an overreaction to temporary conditions and that pension rules need to take into account the long-term nature of pension promises."
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Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point