How Inflation Impacts Plan Design and Funding
March 08, 2023 11:30 AM - 12:45 PM
In this CCA retirement series webinar speakers discuss the importance of understanding the effects of inflation on investment return, payroll growth and a defined benefit plan’s funding level.
Inflation has been at or below 3% over very long periods but has been much higher in 2022 and 2023. Higher inflation can affect plan costs and eventually actuarial assumptions. Speakers discuss actual inflation and assumptions, including the discount rate, payroll growth, and medical trend, as well as the year-over-year inflation impact on plan costs.
Session Category: Retirement
Credits: EA Non-Core: 1.50 CPD: 1.50