Refilling the Pension Tank National Underwriter (Life and Health Financial (03/27/02) Vol. 6, No. 12 p.45; Thomas, Trevor
Global defined benefit pension funding levels dropped 10 percent to 15 percent worldwide in 2001, according to a recent report from Towers Perrin. Because more than 10 percent of all the pension wealth in the world has simply disappeared, Towers Perrin senior actuary Massimo Borghello suggests that sponsors may have to put more cash into some plans. Borghello also recommends taking a new look at the demographic and economic assumptions made about future funding levels.