Pension Finance Library

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• Pension Finance Knowledge Sharing Index
• The Microsoft Excel file contains detailed information about articles which are useful to the study of the principles of finance and their application to pension plans.
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• Pension Finance (PF)
• Accounting/Actuarial Bias Enables Equity Investment by Defined Benefit
• By Jeremy Gold
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• Actuaries Discuss the Principles of Financial Economics of Pension Accounting
• By Jon Exley, Paul Gewirtz, Dimitry Mindlin, and Mark Ruloff
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• An Actuary Looks at Financial Insurance
• By Richard Q. Wendt
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• Agency Problem
• By Dr. Paul M. Johnson
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• Assumed Rates of Discount for Valuations of Publicly–Sponsored Defined-Benefit Plans
• By Jeremy Gold
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• The Case Against Stock in Corporate Pension Plans
• By Lawrence N. Bader
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• The Case Against Stock in Public Pension Funds
• By Lawrence N. Bader and Jeremy Gold
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• Cognitive Dissonance
• By John Shuttleworth; Edward Friend, letter response
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• Discounting Pension Liabilities under the New SEC Rules
• By Lawrence N. Bader
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• Does an Actuarial Bias Lead to Equity Investment?
• By Ethan Kran, Zvi Bodie, and Jeremy Gold
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• Evaluating the Long–Term Risk of Equity Investment in a Portfolio Insurance Framework
• By Manuel Ammann and Heinz Zimmerman
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• Financial Economics and Pension Actuaries: The UK Experience
• By Tim Gordon and Stuart Jarvis
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• Financial Economics for Pension Plans
• By Richard Q. Wendt
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• Funding Defined–Benefit Pension Schemes
• By David Morton
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• Modern Valuation Techniques
• By Stuart Jarvis, Frances Southall, and Elliot Varnell
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• Pension Actuary’s Guide to Financial Economics
• By the Joint American Academy of Actuaries/Society of Actuaries Task Force on Financial Economics and the Pension Actuarial Model
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• Pension and Capital Structure: Why Hold Equities in the Pension Fund?
• By John Ralfe, Cliff Speed, and Jon Palin
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• Pension Deficits: An Unnecessary Evil
• By Lawrence N. Bader
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• Pension Funding: A Historical Perspective
• By Arnold Shapiro
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• The Principles of Corporate Pension Finance
• By Jack L.Treynor
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• Reaffirming Pension Actuarial Science
• By Dimitry Mindlin
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• Reforming the Defined–Benefit Pension System in the U.S.
• By David W. Wilcox
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• Reinventing Pension Actuarial Science (including discussions)
• By Lawrence N. Bader and Jeremy Gold
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• The Risk of Declining Market Cap with Large Pension Obligations
• By Raymond Murphy
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• The Shareholder–Optimal Design of Cash Balance Plans
• By Jeremy Gold
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• Statement on “Corporate Pension Fund Accounting”
• By Statement of the Financial Economists Roundtable
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• Successful Defined-Benefit Plans Cost Less with Bonds
• By Mark Ruloff
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• The Tax Consequences of Long–Run Pension Policy
• By Fischer Black
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• Taxation and Corporate Pension Policy
• By Irwin Tepper
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• Treatment of Pension Plans in a Corporate Valuation
• By Lawrence N. Bader
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• Valuing Companies, Valuing Pension Plans
• By Lawrence N. Bader, Eric Klieber
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• What are Corporate Pension Liabilities?
• By Jeremy I. Bulow
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• What’s Next?–DB Plans for the Long Run
• By Jeremy Gold
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• Yikes! How to Think about Risk?
• By Alicia H. Munnell, Steven A. Sass and Mauricio Soto