The Ceridian-UCLA Pulse of Commerce Index™ (PCI) is a real-time measure of the flow of goods to US factories, retailers, and consumers. April’s results represent the seventeenth consecutive month of year-over-year improvement in the index, up 3.5 percent. A little over a year after its release, the index continues to receive increasingly frequent and widespread coverage in national media. In this CRA Insights, we describe some of the work by CRA and others that led to the creation of the PCI as well as the importance of the index as a strong indicator of the progress of the US economy’s recovery.
Pension risk transfer litigation: Current trends and economic issues
Introduction to pension risk transfer Defined benefit (DB) pension plans create liabilities that expose plan sponsors to risks such as longevity risk,...