Pandemic spurs cautious plan changes among pensions
Pension plans are cautious about making plan changes, despite the improved economy following the pandemic, according to a survey by Mercer and CFO Research. The report is based on responses from 201 senior finance executives at firms with $500 million or more in annual revenue. About a third of respondents said they were taking advantage of relief in the American Rescue Plan Act to change funding thresholds to avoid benefit restrictions or participant notices, but only 15% expect to speed...
