Abstract
Risk sharing among stakeholders is one of the de ning character-istics of pension funds. De ned bene t (DB) plans typically include covenants ensuring that plan sponsors will compensate the pension fund in case of a funding de cit. At the same time, retirees and employees may bear some of the risk, for instance through conditional indexation, i.e., indexation with in ation that may be forgone whenever the funding level falls below a certain threshold or whenever in ation is above a certain level.
| Original language | English |
|---|---|
| Title of host publication | Pension Fund Risk Management |
| Subtitle of host publication | Financial and Actuarial Modeling |
| Publisher | CRC Press |
| Pages | 167-183 |
| Number of pages | 17 |
| ISBN (Electronic) | 9781439817544 |
| ISBN (Print) | 9781439817520 |
| DOIs | |
| Publication status | Published - 1 Jan 2010 |
Bibliographical note
Publisher Copyright:© 2010 by Taylor and Francis Group, LLC.
Copyright:
Copyright 2018 Elsevier B.V., All rights reserved.
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SDG 17 Partnerships for the Goals
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