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Managing Pension and Retirement Plans: A Guide for Employers, Administrators, and Other Fiduciaries
 
 
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Managing Pension and Retirement Plans: A Guide for Employers, Administrators, and Other Fiduciaries [Hardcover]

August J. Baker (Author), Dennis E. Logue (Author), Jack S. Rader (Author)

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Book Description

019516590X 978-0195165906 October 28, 2004
As the U.S. Population ages, retirement is becoming an increasingly important life stage. Pension and retirement plans are crucial to the financial well-being of older citizens and key determinants of their standard of living. Many varieties of pension plans are currently offered, and employers have an interest in these plans because a good pension plan can help an employer attract, retain, and motivate a competent workforce. In some cases, the employer's financial health can depend significantly on the financial health of its pension plan. When employers make decisions regarding pension and retirement plans, they are making decisions that have high stakes for both their employees and the employer itself. Poor decisions can lead to intense scrutiny, sometimes by the media or in the courtroom. Good pension decision making can provide a secure future for the employer and its employees.
Managing Pension and Retirement Plans: A Guide for Employers, Administrators and Other Fiduciaries covers the essential financial issues surrounding pension plans. It discusses investment policy and strategy, performance measurement, fiduciary responsibilities, and labor market issues, among other topics. Anyone responsible for any aspect of pension plan management will profit from reading this book.

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Managing Pension and Retirement Plans: A Guide for Employers, Administrators, and Other Fiduciaries + Managing Pension Plans: A Comprehensive Guide to Improving Plan Performance + Pension Fund Excellence: Creating Value for Stakeholders
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Editorial Reviews

Review


"Provides those who establish and manage pension plans with an economic and financial perspective of the topic and practical advice...Discusses the path to better pension plan management."--Journal of Economic Literature


About the Author

August Baker is at The Brattle Group, Cambridge, Mass.. Dennis E. Logue is at Oklahoma University.

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Inside This Book (learn more)
First Sentence:
DB plans are plans in which a person's retirement benefit is specified by the plan itself. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
return enhancement strategies, pension decision making, total asset pool, pension asset pool, prudent investor law, fund decision makers, last twenty quarters, surplus volatility, reported pension expense, strategic asset allocation decision, pension plan policy, surplus risk, portfolio being evaluated, exclusive benefit rule, annual pension expense, market impact costs, pension plan management, projection interest rate, pension plan managers, cash balance plans, external money managers, pension surplus, pension plan assets, arithmetic mean return, plan liabilities
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Social Security, United States, Department of Labor, Executive Life, Monte Carlo, Orange County, Internal Revenue Code
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