Discounting pension liabilities: funding versus value
نویسندگان
چکیده
منابع مشابه
Linking Pension Liabilities to Assets
2 Pension assets exist to defease the benefit promises made by plan sponsors to participants and beneficiaries—in other words, the pension liability. It follows that pension investment policies should be set in a way that explicitly integrates the exposures of the pension liability. The traditional approach to pension investing has excluded the risks of the liability, which has resulted in port...
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ژورنال
عنوان ژورنال: Journal of Pension Economics and Finance
سال: 2016
ISSN: 1474-7472,1475-3022
DOI: 10.1017/s1474747215000487