OfficeMax Plans To Minimize Pension Contribution.The article reports on the plan of U.S. retailer OfficeMax to reduce its pension contribution for 2012.DavisLeviMoney Management Letter
Under the assumption that labor income is a nominal riskless bond, the present value \(H_{it}\) is the characteristic of the pension contribution scheme \(h_{it}\) that affects the optimal allocation. Also (3) takes the standard form for the value of a self-financing portfolio where ...
Each biennium, the state Pension Funding Council adopts Plan 2 employer and employee contribution rates and Plan 3 contribution rates. The Borrower and each ERISA Affiliate have made all required contributions to each Plan subject to the Pension Funding Rules, and no application for a funding waiver...
To ensure the success of a pension plan under a self-contained defined contribution (DC) retirement plan, the inclusion of foreign assets in a local pension portfolio could be beneficial for risk diversification and the efficient improvement of a fund’s investment performance during its accumulation...
A defined benefit plan (e.g., a pension) is one where you know what to expect from your payout when you retire. A defined contribution plan (e.g., a 401(k) or IRA) is one where you choose how much to pay into the plan without knowing what the retirement
We employ standard assumptions, namely (1) the higher the expected retirement benefit, the higher the utility; (2) the higher the ESG rank, the higher the utility; (3) the higher the contribution paid, the larger the ESG impact on utility since the investment effect is greater; and (4)...
Then, considering that under the voluntary termination by the company, the net contribution rate of the pension benefits will change with the financial situation, the numerical solutions of the ratio of insurance value to liabilities was calculated. Hsieh et al. (1994) applied the option pricing ...