How Large-Scale Retirement Is Impacting the Bond Market
May 07, 2021 at 10:00 AM EDT
Public work is a different ballgame, but in the private sector, defined benefit pensions have largely been replaced by 401(k) plans. However, there’s still a massive amount of pension liabilities floating around in the market, and with mass retirement setting in, how those funds are managed can affect retirees everywhere – regardless of work history.