Freezing DB plans 'not the answer'

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US/JAPAN - Freezing defined benefits plans in the US and Japan and relying solely on a defined contribution plan fails to address risks, according to a working paper published by the Pension Research Council.

Authors Elmer Huh and Sarah McLellan said strategies to match assets to liabilities and preserve existing DB plans would be more useful than closing them. When comparing a contrasting US and Jap...

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