Pension plans
Underfunding of State and Local Pension Plans in the United States: The Role of the Dependency Ratio.
... sector pension plans experienced a median 25 perce nt decline in their investments‖ (Pew Center, 2010, ...state pension systems were underfunded, and had been for several ...
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Rating the State Government Public Pension Plans in the US
... public pension plans, this study has important impact on the American people’s retirement ...government pension plans after incorporating a number of important dimensions, including ...
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Defined benefit Pension Plans: Are They as Good as They Seem?
... Defined-benefit pension plans provided a payout to employees commencing the day they ...Canada, pension plan assets had to be held in trust and therefore separate from the corporation ...the ...
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Capital structure decisions and corporate pension plans
... of pension contributions, I compare Compustat with two alternative data ...benefit plans and only 25 have foreign pension ...all pension plans during the fiscal year, as well as a ...
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Mathematical analysis and numerical methods for pricing pension plans allowing early retirement
... Introduction. Pension plans are usually classified into defined contribution plans and defined benefit plans ...employee pension plan ...benefit plans the pension at ...
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Corporate pension plans and investment choices: bargaining or conforming?
... hereafter) pension plans, DB plans are not only more costly to maintain (Comprix and Muller, 2011; Rauh, Stefanescu and Zeldes, 2013) but also expose sponsoring firms to additional funding risks ...
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Managing Financially Distressed Pension Plans in the Interest of Beneficiaries
... in pension liability valuation and asset allocation in two major ...corporate pension liabilities are usually valued using actuarial ...Second, pension plan sponsors are currently obliged to publish ...
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Does the performance of pension plans affect firm investment of Dutch sponsoring firms?
... When examining the descriptive statistics, the book to market ratio shows implausible values. After investigating this, this study found that this was due to a faulty collection of data regarding the market value of the ...
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On the effectiveness of natural hedging for insurance companies and pension plans
... used dependent standard Brownian motions to co-model the Lee-Carter mortality indices of the two populations, in order to find the optimal allocation. However, they took the observed death rates of Taiwan life insurance ...
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Efficient Gain and Loss Amortization and Optimal Funding in Pension Plans
... benefit pension plans was considered and methods of amortizing actuarial gains and losses arising from unforeseen economic experience were investigated within simple ...of pension plan assets and ...
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Determinants of the use of financial reporting standards by Australian pension plans
... Australian pension plans to their participants is a suitable institutional setting for testing these disclosure theories for four ...that pension plan financial information is value-relevant to plan ...
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Turning pension plans into pension planes: What investment strategy designers of defined contribution pension plans can learn from commercial aircraft designers
... of pension plans and their investment ...well-designed pension plane will be ...targeted pension with a high degree of ...the pension plane provider can be left to do what is needed to ...
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Corporate pension plans as takeover deterrents
... UK pension plans are prevented from investing in the shares of the sponsoring ...pension plans. About two-thirds of the companies in our sample sponsor DB pension plans, and ...
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Pension Plans and Associations Taxable as Corporations for Professional Persons
... Pension Plans and Associations Taxable as Corporations for Professional Persons SMU Law Review Volume 10 | Issue 3 Article 3 1956 Pension Plans and Associations Taxable as Corporations for Professiona[.] ...
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Optimal Asset Allocation Strategy for Defined Contribution Pension Plans with Different Power Utility Functions
... (DC) pension plans. The horizon dependence of optimal pension portfolios is determined by the argument of the power utility ...of pension portfolios is horizon independent when terminal ...
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Investor’s suitability for opting voluntary pension plans using ahp model
... basis. The largest retirement annuities market in the world is the United Kingdom (at over 10bn/year of premia) and Cardinale, Findlater and Orszag (2002) found that it was from well functioning market. In particular ...
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Target-driven investing: Optimal investment strategies in defined contribution pension plans under loss aversion
... Having target fund levels when formulating the optimal investment strategy for a DC pension plan is not a new idea. Vigna and Haberman (2001) and Haberman and Vigna (2002) derive a dynamic-programming-based ...
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Pension plans and retirement incentives
... In practice, most people retire well before the standard pension age in the vast majority of countries. The effective retirement age is on average five years younger than the ‘normal’ retirement age. Twelve ...
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Optimal funding and investment strategies in defined contribution pension plans under Epstein-Zin utility
... There is a positive relationship between RAA and the annuitisation ratio, k, and also between EIS and k, although the relationship in each case is not very strong. There is, unsurprisingly, a much stronger relationship ...
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Target driven investing: Optimal investment strategies in defined contribution pension plans under loss aversion
... We have applied some of the most powerful lessons of behavioural finance to solve the optimal investment strategy in a defined contribution pension plan. The key lesson is that loss aversion with respect to a ...
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