Nisha Singh Quoted in the Benefits and Pensions Monitor on the Topic of Plan Design


Just because something worked in the past doesn’t mean it will work in the future, says Nisha Singh, senior consultant at PBI Actuarial Consultants. Speaking on a ‘Blueprint to a Pension Plan’ at the ‘CPBI Forum 2022,’ she said pension plans face rising costs and increasing. As result, they should be looking to see if their contributions are sufficient and benefits affordable, as well as maintaining the right margins to help weather any storms in the changing pension world. One area they can look at is ancillary benefits such as early retirement and indexing post-retirement benefits. Early retirement subsidies as a benefit may not be equitable as those who can’t afford to retire earlier may be subsidizing those who can. As well, employers today are considering whether they want skilled workers to retire so they are removing early retirement benefits altogether and increasing pension benefits across the board. Those interested in providing early retirement benefits must be cautious and understand workers may retire to get a pension and then go back to work.

Please click on the link to view the post as published on the Benefits & Pensions Monitor website: Ancillary Benefits Need Consideration