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Pension finance : putting the risks and costs of defined benefit plans back under your control

Author: M Barton Waring
Publisher: Hoboken, NJ : Wiley, 2011.
Series: Wiley finance series, 708.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
"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 will be able to come up with the funds to repair the damage. One of the major problems behind the crisis is the approach:  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Waring, M. Barton.
Pension finance.
Hoboken, NJ : Wiley, 2011
(DLC) 2011018496
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: M Barton Waring
ISBN: 1118138368 9781118138366 9781118138335 1118138333 9781118138342 1118138341 1118106369 9781118106365 1118106377 9781118106372 9781119204725 1119204720 9786613272997 661327299X
OCLC Number: 769187485
Description: 1 online resource (xxxiv, 288 pages) : illustrations.
Contents: 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.
Series Title: Wiley finance series, 708.
Responsibility: M. Barton Waring.
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The flood of information, unprecedented transparency, increasing interconnectedness-and our global interdependence-are dramatically reshaping today's world, the world of business, and our lives. We  Read more...

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