Results 271 to 280 of about 20,836 (313)

The Pension Protection Fund*

Fiscal Studies, 2005
We develop a model of the Pension Protection Fund (PPF), a defined benefit pension guarantee system for the UK, based on an analogy between pension liabilities and corporate debt obligations. We show that the PPF is likely to face many years of low claims interspersed irregularly with periods of very large claims.
Anthony Neuberger, David McCarthy
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Public pension funding in practice [PDF]

Journal of Pension Economics and Finance, 2011
AbstractPublic pension funding has recently become a front-burner policy issue in the wake of the financial crisis and given the pending retirement of large numbers of baby boomers. This paper examines the current funding of state and local pensions using a sample of 126 plans, estimating an aggregate funded ratio in 2009 of 78% using GASB accounting ...
Alicia H. Munnell, Jean-Pierre Aubry, Laura Quinby   +2 more
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Pension funds insurance individuation

Mathematical Methods of Operations Research (ZOR), 2000
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Charles S. Tapiero, Assa Birati
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Actuaries, Pension Funds and Investment

Transactions of the Faculty of Actuaries, 1990
AbstractThe authors discuss the investment of pension and other institutional funds, stressing a theme of investing to meet liabilities. Their aim is to stimulate debate by actuaries and the investment community, leading to the development of better approaches to pension fund investment and its monitoring.The first part of the paper considers the ...
T. G. Arthur, P. A. Randall
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Modern Pension Fund Diversification

SSRN Electronic Journal, 2014
The risk and return characteristics of a highly diversified investment portfolio are examined in an effort to best assess its potential by means that incorporate both conventional risk estimation and performance evaluation. Estimation of performance variability and downside risk often assumes a constant, stable, average covariance matrix of asset ...
Martin Anderson, Shan Chen, James Hacking, Marc R Lieberman, Mark Lundin, Vaida Maleckaite, Allan Martin, Ryan Parham, Mark Steed   +8 more
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Pension schemes as options on pension fund assets: implications for pension fund management

Insurance: Mathematics and Economics, 1998
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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The Economics of Local Government Pensions and Pension Funding

Journal of Political Economy, 1978
This paper presents a simple analytical model of optimum pension size and funding practices for a local government. The criterion used is that the attainable frontier of labor-service purchases, for two periods, should be pushed out as far as possible given that there is a fixed endowment of tax revenues in each period. After the characteristics of the
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The Supplementary Pension Fund Register

Scandinavian Journal of Public Health, 2011
Introduction: Information on individual long-term work history is often required in occupational studies of diseases. Content: The Supplementary Pension Fund Register has kept individual information on all employments, including start and end, on a company level backdating to 1964 for all wage earners in Denmark. Based on the computerised information,
Johnni, Hansen, Christina Funch, Lassen
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A realistic approach to pension funding

Journal of the Institute of Actuaries, 1992
AbstractRecent developments which affect the financing of occupational pension schemes in the U.K. arc reviewed. These point to the need for realistic bases, and an approach to finding a ‘best estimate’ is described. It is suggested that typical bases contain significant margins and the long-term dangers of using bases which contain margins are ...
P.N. Thornton, A.F. Wilson
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