How Inflation Impacts Plan Design and Funding

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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 averaged a little over 3% over very long periods but has been much higher in 2022. To the extent that higher inflation leads to higher payroll growth, it can cause retiree liabilities to be a smaller portion of total liabilities and smaller relative to payroll than they would be if there were less inflation. This can be a downward driver on plan funding requirements.


Judith A. Kermans

Gabriel Roeder Smith & Company

Mr. Brian B. Murphy

Gabriel Roeder Smith & Company

Todd David Kanaster

S&P Global Ratings, US Public Finance


CPD Credit: 1.50 EA Core Credit: 0.00 EA Ethics Credit: 0.00 EA Non-Core Credit: 1.50 EA Formal Credit: 1.50