Participant longevity is increasing the risk faced by DB plans. (Photo: Shutterstock)
Limiting risk, compared with eliminating it altogether, is a consideration for employers seeking to manage the risks of defined benefit plans, and a new white paper from Massachusetts Mutual Life Insurance Company.explores the pros and cons of a range of strategies.
The paper "Key decisions for de-risking your pension plan" looks at multiple strategies:
- freezing plans to new entrants
- hibernating plans
- reallocating investment assets
- shifting pension obligations to a life insurer as part of a pension risk transfer
That last is emerging as the choice of an increasing number of employers, according to Neil Drzewiecki, head of pension risk transfer for MassMutual.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
