This could involve implementing interest rate hedging strategies if rates reach specified thresholds or using funded status triggers to gradually de-risk your plan.
Even as pension funds approach funded status, he believes there will continue to be a rotation into stocks as the fund managers face rising interest rates and long-term returns targets.
Over the same period, the funded status of its "other benefit plans" also worsened from a deficit of $145 million in 2009 to a deficit of $153-million in 2010.
