Corporate pension plans have staying power

While many U.S. corporate defined benefit plan sponsors have frozen their plans to benefit accruals or transferred their liabilities to insurance companies, they still represent hundreds of billions of dollars of investible assets and reports of their demise are premature, experts say. It was 10 years ago in June that General Motors Co. stunned the institutional investing industry when the automaker announced a $29 billion pension buyout deal with Prudential Insurance Co. of America. The event seemingly portended seismic implications for...