Benefits

Retirement

In a recent Towers Watson survey of CFOs, 71% of respondents said they’ll focus on ensuring the long-term viability of their pension plans; 29% plan to pursue alternatives.

How do you identify the right set of solutions for your retirement program from among a growing array of options, including redesigning the pension plan, enabling employees to optimize plan value, rebuilding the plan's funded status, creating greater plan management efficiencies and modifying asset/investment policies?

Whether you offer a defined benefit pension or a defined contribution plan, we work with you to determine the right approach to design, funding, investing, governing and employee engagement. We take into account the nature of your business, the composition of your workforce and your goals for benefit adequacy, competitiveness and cost management.

We approach your pension plan as a financial subsidiary that can significantly affect earnings, cash flow and the balance sheet. Our sophisticated tools, research and thinking mean a tailored solution that balances your retirement program risks and costs with plan objectives and opportunities.

Our services include:

Retirement Strategy and Plan Design
Actuarial Services and Related Support
Retirement Financial Management
Settlement Solutions
Compliance and Governance Strategies
Risk Management
Defined Contribution Solutions
Defined Benefit Pension Administration and Outsourcing

Why Towers Watson?

We provide actuarial services to three of the four largest corporate-sponsored defined benefit plans (based on total pension plan assets) in the United States and consulting services to 43 of the top 100 corporate pension funds in the United Kingdom.

We developed the first cross-border pension plan, introduced the stable value plan in the United States and designed the first flexible pension plan in Canada.