(ii)  There is also a proposal for increasing the limit from the current 50 percent to 60 percent. While this has the merit of simplicity, it has serious drawbacks in failing to recognize that a fifty percent equity limit is already too high for pension plans that are underfunded and that lack even rudimentary investment policies and guidelines.
(iii)  The third option which has much support, uses the principles of the investment regime now applicable to insurance companies. The main elements of this option are: (a)  Define a funding threshold of one hundred and fifty (150) percent of pension liabilities to which the fifty percent equity limit is applicable.