Pension finance : putting the risks and costs of defined benefit plans back under your control /
"Defined benefit pension plans are in a severe crisis. With nearly a $4 trillion deficit in the U.S. alone, Canada, the UK, Japan, and Holland also suffer from unfunded liabilities. In short, the pension crisis is nearly global in proportion, and there is little likelihood that plan sponsors wi...
| Κύριος συγγραφέας: | |
|---|---|
| Μορφή: | Ηλ. βιβλίο |
| Γλώσσα: | English |
| Έκδοση: |
Hoboken, NJ :
Wiley,
2011.
|
| Σειρά: | Wiley finance series ;
708. |
| Θέματα: | |
| Διαθέσιμο Online: | Full Text via HEAL-Link |
Πίνακας περιεχομένων:
- Achieving Long Term Health for Pension Plans Using Improved Managerial Accounting Tools
- Today's Conventional Pension Finance Practices
- Measuring Meaningful Present Values
- The Full Economic Liability: The Off-Book Starting Point for Management of Pension Costs
- Core Principles of Pension Accounting: The Full Economic Liability Meets Accrual Accounting and Normal Costs
- Credit Risk and the Discount Rate
- Paying for the Plan
- Investment Strategy I: Liability-Relative Optimization
- Investment Strategy II: Managing Risks to the Plan's Surplus, to Pension Expense, and to Contributions Using the Liability-Matching Asset Portfolio
- Investment Strategy III: Risk Tolerance and the Decision to Hold Risky Assets Over and Above the Liability-Matching Asset Portfolio
- Investment Strategy IV: Asset/Liability Studies: The Conventional Approach
- A Retirement Party for the Required Rate of Return
- The Fully Generalized Pension Budget Identity
- Tough Love: Saving the Underfunded Pension Plan
- Public Policy Suggestions: Revising Accounting and Actuarial Standards for Pensions
- Beyond the Crisis: Making Better Management Decisions and Managing Plans at Lower Risk
- Variables and Terms Used in the Book
- Implicit Options in the Pension Plan
- Use of Protective Put Options in the Investment Strategy
- References
- About the Author.
