61 pages. "This paper develops a framework plan sponsors can use to assist in determining their 'de-risking readiness'. The framework contains three major, often iterative, stages: [1] Identify Options Available; [2] Analysis of De-Risking Strategy; [3] De-Risking Execution.... Throughout each stage of the proposed framework, the economic environment will impact the viability of pension risk management alternatives.... In addition to the classic risk transfer strategies of using cash from plan assets to pay lump sums or purchase annuities, ... [other] strategies include asset in-kind transfers, guaranteed separate accounts, annuity buy-ins, longevity swaps and reinsurance."