Fair transition from defined benefit to target benefit

DOI10.1017/ASB.2021.17MaRDI QIDQ5019042zbMATH OpenOpenAlexFDO

Authors Xiaobai Zhu, David Saunders, Mary R. Hardy

Publication date 27 December 2021

Published in ASTIN Bulletin (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1017/asb.2021.17

zbMATH Keywords

fairnesspensionsintergenerational risk sharingtarget benefit plan

Mathematics Subject Classification ID

Actuarial mathematics (91G05)

Recommendations

• Target benefit pension plan with longevity risk and intergenerational equity
• Current developments in German pension schemes: what are the benefits of the new target pension?
• Benefit uncertainty and default risk in pension plans
• Structure of intergenerational risk-sharing plans: optimality and fairness
• Pension funds as institutions for intertemporal risk transfer

Cites work

• Current developments in German pension schemes: what are the benefits of the new target pension?
• Optimal investment strategies and intergenerational risk sharing for target benefit pension plans
• Pension scheme redesign and wealth redistribution between the members and sponsor: the USS rule change in October 2011
• Risk-sharing and benefit smoothing in a hybrid pension plan
• Structure of intergenerational risk-sharing plans: optimality and fairness
• Sustainability of participation in collective pension schemes: an option pricing approach
• Updating Wilkie's economic scenario generator for U.S. applications
• Valuation of intergenerational transfers in funded collective pension schemes

Cited in

(2)

• Target benefit pension plan with longevity risk and intergenerational equity
• Optimal VIX-linked structure for the target benefit pension plan

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