For some years now, there has been a huge crisis developing for companies around how to effectively manage their pension plans. The gist of the crisis is this: pension plans have lost almost half their value while liabilities have skyrocketed due to the current low interest rate environment. Analysts have attempted to characterize this crisis as a “Perfect Storm”, likening it to the hazards described in the book and the movie of the same name. However, a more apt scenario might be that of an earthquake.
Cassidy, D. (2004), "Surviving the great “benefits planning earthquake”: pension management in light of recent economic and corporate upheavals", Handbook of Business Strategy, Vol. 5 No. 1, pp. 167-170. https://doi.org/10.1108/10775730410493973
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