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Setting Investment Policy For Pension Plans
example of this is the purchase at retirenent of an annuity to provide benefits to a retiring member of a pension ... security - namely the profit margin built into the annuity by the insurer as well as the lack of opportunity ...- Authors: Martin L Leibowitz, Michael Maxwell, William B Solomon, Ross N Steeves, Robert A Swan
- Date: May 1984
- Competency: External Forces & Industry Knowledge
- Publication Name: Record of the Society of Actuaries
- Topics: Pensions & Retirement>Pension investments & asset liability management