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Employee Benefits

COVID-19 pandemic hits DB plans’ funding levels

December 03, 2020 Reprints

Mike Moran, chief pension strategist at Goldman Sachs Asset Management LP, has said the COVID-19 pandemic reduced defined benefit plan funding levels, Plan Sponsor reports. According to Mr. Moran, defined benefit plan funded levels are down about 2% year-to-date, in general, despite equities bouncing back since the market crash in March.

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COVID-19 pandemic hits DB plans’ funding levels

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