In a time during which uncertainty prevails – instead ofassurances that a universe of options will remain stable throughouta multi-year period – it’s generally best to plan for one of thelikely possibilities but remain flexible and ready to change whenmore reliable tenets emerge.
Or another way to put it: Never forget Plan B. Or evenPlan C.
That’s the advice of Stephen Parahus, senior consulting actuarywith Towers Watson, whencontemplating a rational course of action for the typical corporatebenefits planner in mid-2011 – particularly when it relates toearly-retiree health benefits.
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