2023 Liability-Driven Investment Survey | Chief Investment Officer

Industry Trends

Open to new joiners and ongoing benefit accruals	27%
Recently closed to new active joiners in the last five (5) years, existing participants at date of close are still accruing benefits	22%
Closed to new joiners for more than five (5) years, existing participants at date of close are still accruing benefits	22%
Frozen (or closed to future accrual) — all benefit accrual has been ceased	22%
Other status	8%

Decreased 1% – 3%

23%

Unchanged

20%

Increased 1% – 3%

37%

Increased 4% – 6%

11%

Increased 7% – 10%

Increased >10%