Description: This article discusses pointing out flaws in Incentive Compensation program using short term financial metrics like Total Shareholder Return may miss non-short term financial risk and non-financial risks.

Description: An excerpt from the SOA-sponsored research report of the same title. This article describes three elements of a strategic pension risk management framework: adjusting corporate financial metrics for corporate pension plan; the trade-off between pension risk and capital; empirical evidence of how corporate pension plans impact stock prices or credit spreads