Subject: Economics and Finance Book Title: Managing Pension and Retirement Plans
Managing Pension and Retirement Plans
A Guide for Employers, Administrators, and Other Fiduciaries
Baker, August,
Senior Associate,
The Brattle Group, Cambridge, Mass.
Logue, Dennis E.,
Michael F. Price College of Business,
Oklahoma University
Rader, Jack S.,
Executive Director,
Financial Management Association
Print publication date: 2004
Published to Oxford Scholarship Online: July 2005
Print ISBN-13: 978-0-19-516590-6
doi:10.1093/019516590X.001.0001
Published to Oxford Scholarship Online: July 2005
Print ISBN-13: 978-0-19-516590-6
doi:10.1093/019516590X.001.0001
Abstract:
This book discusses the different financial issues surrounding pension plans. It covers the different types of pension plans, fiduciary responsibilities, investment policy, performance monitoring, risk management, and cost control. The book is divided into five parts. Part I introduces the two main types of pension plans (defined benefit and defined contribution plans), then presents an overview of fiduciary responsibilities and regulatory compliance. Part II focuses on the different aspects of Defined Benefit plans. Part III focuses on Defined Contribution plans and hybrid plans. Part IV discusses the measurement, evaluation, and improvement of investment performance. Part V addresses the management of the decision-making process, asset managers, and costs.
Keywords: pension plans, defined benefit plans, defined contribution plans, hybrid plans, investment performance, decision making, asset management, cost control
Keywords: pension plans, defined benefit plans, defined contribution plans, hybrid plans, investment performance, decision making, asset management, cost control
Table of Contents
Preface
1. An Introduction to Pension Plans
2. What Pension Plans Do
3. Designing the Best Pension Plan
4. The Prudent Pension Fiduciary: A Pragmatic View
5. An Overview of Compliance for Pension Plans
6. Establishing Pension Investment Policy
7. The Asset Allocation Decision
8. The Integrated Approach to Managing Defined Benefit Plans
9. Asset Allocation for Defined Benefit Plans
10. Accounting for Defined Benefit Plans
11. Investment Policy and Asset Allocation for Defined Contribution Plans
12. Employee Stock Ownership Plans and Company Stock
13. Hybrid Plans
14. Evaluating Investment Performance
15. Improving Pension Fund Investment Performance
16. Managing Pension Fund Risk
17. Risk Management Strategies Using Derivative Securities
18. Selecting and Managing Asset Managers
19. Managing Costs
20. People and the Psychology of Pension Fund Decisions
21. The Pension Plan as Shareholder
22. The Path to Better Pension Plan Management
Appendix
Bibliography
Index
doi:10.1093/019516590X.001.0001
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