Pollard & Associates
|
Great Lakes Pension Associates, Inc.
|
Senior Specialist 401k Recordkeeping T Bank N.A.
|
Fringe Benefit Group
|
Defined Contribution Account Manager Nova 401(k) Associates
|
TPA Retirement Plan Consultant EPIC RPS (TPA/DPS)
|
Retirement Solutions Specialists
|
Defined Contributions Compliance Consultant Loren D. Stark Company (LDSCO)
|
Greenline Wealth Management
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
New York City District Council of Carpenters Benefit Funds
|
Defined Benefit Consultant/Enrolled Actuary Pension Plan Specialists, PC
|
Retirement Planners and Administrators (RPA)
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Discounting Pension Liabilities: Funding Versus Value
National Bureau of Economic Research [NBER] June 15, 2015
"[The authors] argue that the appropriate discount rate for pension liabilities depends on the objective. In particular, if the objective is to measure pension under- or over- funding, a default-free discount rate should always be used, even if the liabilities are themselves not default-free. If, instead, the objective is to determine the market value of pension benefits, then it is appropriate that discount rates incorporate default risk. [They] also discuss the choice of a default-free discount rate... [and] show how cost-of-living adjustments (COLAs) that are common in public pensions can be accounted for and valued in this framework."
|
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |