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Contingent Claims Valuation of 'Greater of' Benefits
the depen~ce of the a~cumula~on benefit on the two s ' to¢~ rote v~iabl~, salary and fund earnings rite ... the liabili~.s rather than the ~uazial value. The valuation of actuarial liabili~.s using option pricing ...- Authors: Michael Sherris
- Date: Jan 1993
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Actuarial Research Clearing House
- Topics: Pensions & Retirement>Hybrid plans