{"id":11105,"date":"2015-07-28T11:16:53","date_gmt":"2015-07-28T16:16:53","guid":{"rendered":"http:\/\/www.cambridgeassociates.com\/insight\/the-forgotten-70-strategies-for-pension-plans-accruing-benefits\/"},"modified":"2025-11-28T10:29:53","modified_gmt":"2025-11-28T15:29:53","slug":"the-forgotten-70-strategies-for-pension-plans-accruing-benefits","status":"publish","type":"post","link":"https:\/\/www.cambridgeassociates.com\/en-eu\/insight\/the-forgotten-70-strategies-for-pension-plans-accruing-benefits\/","title":{"rendered":"The Forgotten 70%: Strategies for Pension Plans Accruing Benefits"},"content":{"rendered":"<ul>\n<li>While up to 70% of all single-employer pension plans have participants who are still accruing benefits, risk management solutions discussed in the pension community typically focus on the needs of the other 30% of plans\u2014those that are hard frozen.<\/li>\n<li>The mechanistic \u201cglide path\u201d approach tailored to hard-frozen plans is likely suboptimal for accruing plans, as it would lock in the need for permanently higher contributions.<\/li>\n<li>We recommend a more flexible, holistic risk budgeting approach that seeks to maximize expected return subject to each sponsor\u2019s unique risk tolerance.<\/li>\n<li>Pursuing excess returns through active, alpha-driven strategies is particularly valuable for accruing plans, which face many years of future benefit accruals that must be met through either asset returns or contributions.<\/li>\n<\/ul>\n<p>Click <a href=\"http:\/\/www.cambridgeassociates.com\/wp-content\/uploads\/2022\/03\/CA-The-Forgotten-70-Percent.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a> to view the full article in PDF format.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plans with active participants need a holistic, flexible risk  budgeting approach\u2014not a simple glide path.<\/p>\n","protected":false},"author":26,"featured_media":8834,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_searchwp_excluded":"","footnotes":""},"categories":[143],"class_list":["post-11105","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-retirement-insurance-government-en-eu","topics-portfolio-strategy-en-eu"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Forgotten 70%: Strategies for Pension Plans Accruing Benefits - Cambridge Associates<\/title>\n<meta name=\"description\" content=\"Risk management strategies for the 70% of pension plans still accruing benefits. Learn flexible portfolio approaches that can maximize returns while managing risk tolerance.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cambridgeassociates.com\/en-eu\/wp-json\/wp\/v2\/posts\/11105\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Forgotten 70%: Strategies for Pension Plans Accruing Benefits - Cambridge Associates\" \/>\n<meta property=\"og:description\" content=\"Risk management strategies for the 70% of pension plans still accruing benefits. Learn flexible portfolio approaches that can maximize returns while managing risk tolerance.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cambridgeassociates.com\/en-eu\/insight\/the-forgotten-70-strategies-for-pension-plans-accruing-benefits\/\" \/>\n<meta property=\"og:site_name\" content=\"Cambridge Associates\" \/>\n<meta property=\"article:published_time\" content=\"2015-07-28T16:16:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-28T15:29:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.cambridgeassociates.com\/wp-content\/uploads\/2015\/07\/AdobeStock_44934853-scaled.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1696\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michelle Phan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.cambridgeassociates.com\/en-eu\/insight\/the-forgotten-70-strategies-for-pension-plans-accruing-benefits\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.cambridgeassociates.com\/en-eu\/insight\/the-forgotten-70-strategies-for-pension-plans-accruing-benefits\/\"},\"author\":{\"name\":\"Michelle Phan\",\"@id\":\"https:\/\/www.cambridgeassociates.com\/en-eu\/#\/schema\/person\/9ff9b39353d9737a2f3b2ab0529820ea\"},\"headline\":\"The Forgotten 70%: Strategies for Pension Plans Accruing Benefits\",\"datePublished\":\"2015-07-28T16:16:53+00:00\",\"dateModified\":\"2025-11-28T15:29:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.cambridgeassociates.com\/en-eu\/insight\/the-forgotten-70-strategies-for-pension-plans-accruing-benefits\/\"},\"wordCount\":136,\"publisher\":{\"@id\":\"https:\/\/www.cambridgeassociates.com\/en-eu\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.cambridgeassociates.com\/en-eu\/insight\/the-forgotten-70-strategies-for-pension-plans-accruing-benefits\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cambridgeassociates.com\/wp-content\/uploads\/2015\/07\/AdobeStock_44934853-scaled.jpeg\",\"keywords\":[\"Portfolio Strategy\",\"Portfolio Strategy\"],\"articleSection\":[\"Retirement, Insurance &amp; Government\"],\"inLanguage\":\"en-EU\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.cambridgeassociates.com\/en-eu\/insight\/the-forgotten-70-strategies-for-pension-plans-accruing-benefits\/\",\"url\":\"https:\/\/www.cambridgeassociates.com\/en-eu\/insight\/the-forgotten-70-strategies-for-pension-plans-accruing-benefits\/\",\"name\":\"The Forgotten 70%: Strategies for Pension Plans Accruing Benefits - Cambridge Associates\",\"isPartOf\":{\"@id\":\"https:\/\/www.cambridgeassociates.com\/en-eu\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.cambridgeassociates.com\/en-eu\/insight\/the-forgotten-70-strategies-for-pension-plans-accruing-benefits\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.cambridgeassociates.com\/en-eu\/insight\/the-forgotten-70-strategies-for-pension-plans-accruing-benefits\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cambridgeassociates.com\/wp-content\/uploads\/2015\/07\/AdobeStock_44934853-scaled.jpeg\",\"datePublished\":\"2015-07-28T16:16:53+00:00\",\"dateModified\":\"2025-11-28T15:29:53+00:00\",\"description\":\"Risk management strategies for the 70% of pension plans still accruing benefits. 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