2017 was a record-breaking year for the $20 billion club—our name for the U.S. publicly-listed corporations with the largest pension liabilities—in at least five different ways. Contributions were double 2016 levels and nearly triple 2015 levels.
Cash balance plans now make up more than 30% of all defined benefit (DB) plans. As with many DB trends, the $20 billion club members may have been instrumental in their rise.
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