The Survival Rate of Defined-Benefit Plans, 1987-1995 |
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Authors: | Richard A Ippolito & John W Thompson |
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Institution: | George Mason University School of Law |
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Abstract: | We look at the survival rate of defined-benefit pension plans with at least 500 participants over the period 1987–1995. We find that termination in favor of defined-contribution plans is a rare event and that the vast majority of these plans survive, albeit often under a different plan sponsor or in a new merged plan. Indeed, the frequency of mergers is an important feature in the pension market and partially explains the growing number of large defined-benefit plans. |
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