Pension Plan

The term pension plan is synonymous with pension. Please refer to the Annuity Digest glossary definition for pension which can be viewed here:

Will You be Able to Retire?

Roughly 10,000 Americans will retire each day for the next nineteen years.  Many millions of these retirees will have financial profiles that are considered statistically average.  

What, exactly, does it mean to be financially average, and what might retirement look like for the average person or household?  How might the financial aspects of retirement play-out for you, your parents, or your family and friends?  

Let’s take a look at some data sources to consider the average profile and how it may apply to your situation.  For simplicity, I’ll give the average American retiree a name – I’ll call him William.

Who is William?

Let’s lend some definition to William by building a...


China's Annuity Market Developing Slowly

Despite the demographic challenges associated with an ageing society, individual annuities are non-existent in China. Some individuals in China do have access to what is referred to as an enterprise annuity . Enterprise annuities are a form of supplemental pension plan that is supported by the Chinese government. Enterprise annuities were enabled through legislation that went into effect in May of 2004. In order to offer enterprise annuities to employees, Chinese employers are required to...
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First Longevity Swap for Active Pension Plan Members Enabled by JP Morgan

JP Morgan recently assumed 70 million pounds of longevity risk through a longevity swap that covers the lives of active members of a UK-based defined benefit pension plan. This is the first longevity swap that covers active pension plan participants. Previous deals have focused on retired pension plan members. The longevity swap is based on JP Morgan's LifeMetrics longevity index and it has a 10 year term. The index-based swap is reportedly a better vehicle for dealing with active pension plan...

Meir Statman on the Behavioral Obstacles Affecting Investing and Retirement Planning

Meir Statman is the Glenn Klimek Professor of Finance at the Leavey School of Business, Santa Clara University, and Visiting Professor at Tilburg University in the Netherlands.

His research on behavioral finance has been supported by the National Science Foundation, CFA Institute, and Investment Management Consultants Association (IMCA) and...

GlaxoSmithKline Purchases Bulk Annuity Contract for Pension Plan

The Trustees of the GlaxoSmithKline pension plan have entered into a bulk annuity purchase agreement with Prudential UK. GlaxoSmithKline ("Glaxo") will purchase bulk annuities from Prudential to cover approximately 15 percent of its UK defined benefit pension plan. The total value of the transaction is estimated to be approximately 900 million pounds Sterling.