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More U.S. Companies Formalizing Plans to De-Risk Defined Benefit Pension Plans, Towers Watson Survey Finds

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NEW YORK--(BUSINESS WIRE)--A growing number of U.S. employers are formalizing steps to de-risk their defined benefit (DB) pension plans, as such plans are benefiting from rising interest rates and improved equity performance, according to a new survey by global professional services company Towers Watson (NYSE, NASDAQ:TW) and Institutional Investor Forums. The survey also revealed that employer interest in offering lump-sum buyouts to former employees remains strong and that a majority of plan

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