From the Field
Making the Benefit Connection
The importance of defined benefit plans in glide path evaluation.
Kathryn Farrell, CFA, Portfolio Specialist
Justin Harvey, ASA, CFA, Head of Analysis, Multi‑Asset Solutions
Andrew Jacobs van Merlen, CFA, Portfolio Manager
Adam Langer, CFA, Senior Quantitative Investment Analyst
Louisa Schafer, Ph.D., Senior Quantitative Investment Analyst
James Tzitzouris, Ph.D., Director of Research, Retirement
Key Insights
  • Many employers have made major changes in their defined benefit plans, resulting in more varied benefit coverage across different participant groups.
  • Defined benefit changes can affect defined contribution plans, particularly the evaluation of target date glide paths.
  • We have developed a series of papers highlighting our research on the potential impact of defined benefit plans and their features on glide path design.

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