The relatively few employers who still offer to defined benefit retirement plans will continue to seek ways to de-risk, according to a new report from Institutional Investor Forums and Towers Watson, but most of those who still offer pensions to new hires intend to do so for all employees five years from now.
Survey results released Tuesday by Towers Watson indicate that three-fourths of those with a DB plan either have implemented or are considering implementing a formal “journey” plan to de-risk once certain trigger points have been reached. Forty-two percent of respondents had a journey plan in place by the end of 2012, and another 8% have begun one in 2013.
