Integrated Pension Journey Planning – What Does It Really Mean?

With the start of the new year, many defined benefit (DB) pension plan sponsors are focusing on recovering from the second major hit to pension financials in the past decade. Drawing on lessons learned from the economic downturn, plan sponsors are implementing new ways to better manage pension financial risk through improved journey planning.

A journey plan creates a formalized structure that aligns all key areas of a plan’s management, including benefit strategy, assumptions and methods, investment strategy, funding strategy, and potential exit strategies. Developing a journey plan that is responsive to changing market conditions is a critical step for effective long-term pension plan management.

To learn more about the latest thinking on DB journey planning, please join Towers Watson for a discussion on:

• Setting detailed and realistic plan objectives, thresholds and tolerances
• Ways to improve funded status and balance time, cash and risk exposure
• How to understand both upside and downside triggers  

Click here to listen to the webcast replay.