An HR Strategy for the Future Leads to the First Pension Risk Exchange
An HR Strategy for the Future Leads to the First Pension Risk Exchange
2 PagesAn HR Strategy for the Future Leads to the First Pension Risk Exchange As part of a new strategy for the future, the leading benefits consulting firm tackled the maturation of the defined benefit retirement plan market by creating the world’s first pension risk exchange. Client Impact REPOSITIONING FOR THE NEW WORLD OF RETIREMENT Only 13% of private sector U.S. workers now have defined benefit pensions, down from 38% a generation ago—while at the same time life expectancy for a retiree has increased from 81 to 85. As the prevalence of defined benefit plans has declined, there has been a corresponding increase in retirement plans which put more accountability on the individual. As the world’s leading benefits consulting firm, New York City-based Mercer not only needed a solution t
