Centro de Documentacion de Fundación MAPFRE - Managing financially distressed pension plans in the interest of beneficiaries?

Notas: Sumario: The beneficiaries of a corporate defined benefit pension plan in financial distress care about the security of their promised pensions. We propose to value the pension obligations of a corporate defined benefit plan using a discount rate that reflects the funding ability of the pension plan and its sponsoring company, and therefore depends, in part, on the chosen asset allocation. An optimal valuation is determined by a strategic asset allocation that is optimal given the risk premium a representative pension plan member demands for being exposed to funding risk. We provide an empirical application using the General Motors pension plan.Registros relacionados: En: The Journal of risk and insurance. - Nueva York : The American Risk and Insurance Association, 1964- = ISSN 0022-4367. - 05/06/2017 Volumen 84 Número 2 - junio 2017 , p. 539-565Materia / lugar / evento: Planes de pensiones Pensiones Valoración General Motors Otros autores: Blake, David
Shi, Zhen
Outras classificações: 345

Direitos: In Copyright (InC)

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