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: http://www.annuitydigest.com/pension/definition

Longevity Derivatives to Play a Role in Defined Benefit Pension Plans

A survey of UK-based pension plan sponsors indicates that 40 percent expect longevity derivatives --such as longevity swaps--to play a strong role in mitigating longevity risk . UK defined benefit pension plan sponsors are seeking solutions that will allow them to off-load the risk that their pension plan participants live longer than expected. Use of derivatives to address longevity risk and other pension funding related issues serves as an alternative to other solutions such as a full pension...

Glossary:

Longevity Derivatives

Pension Buy-Out

Longevity Swap

Derivatives

Read more about Longevity Derivatives to Play a Role in Defined Benefit Pension Plans
Log in to post comments

Key Phrases:

Glossary:

Longevity Derivatives

Pension Buy-Out

Longevity Swap

Derivatives

The Top Reasons to Consider an Annuity

Annuities are complex, largely misunderstood, and often misrepresented in popular financial media.

The reality, though, is that these financial products are becoming an increasingly important part of the financial plans of millions of people around the world. In fact, annuities are a vital component of the...

Key Phrases Autotag:

Personal Pension Plan

Read more about The Top Reasons to Consider an Annuity
tom's blog
6 comments
Log in to post comments

Defined Benefit Pension Plans are Not Without Risk

If you ever find yourself envious of those who still have access to the classic defined benefit pension plan through an employer, it is worth remembering that they are not completely risk free. In the wake of the financial crisis, many employers are finding that their defined benefit pension plans are both underfunded and unsustainable. One natural course of action in response to this situation is filing for bankruptcy. In this situation, much of the value that has been promised to employees...

Glossary:

Key Phrases:

Read more about Defined Benefit Pension Plans are Not Without Risk
Log in to post comments

Key Phrases:

Glossary:

Key Phrases:

How to Determine a Sustainable Level of Retirement Spending

What is the probability that a given level of spending is realistic or “sustainable” throughout one’s retirement?

Stated differently, what is the likelihood that a given level of retirement spending is fraught with...

Glossary:

Key Phrases Autotag:

Probability of Financial Ruin

Read more about How to Determine a Sustainable Level of Retirement Spending
tom's blog
3 comments
Log in to post comments

States Providing Leadership with Universal Individual Retirement Accounts

The Street reports that several states are working on initiatives that would provide broader access to retirement savings vehicles. Universal Voluntary Retirement Accounts would serve as inexpensive IRAs that are combined with a state's existing retirement system. One fundamental objective would involve increasing participation rates among parts of the population that have limited access to retirement plans: "According to the EOI, two out of three low-wage workers and one in four high-wage...

Glossary:

Pension

Individual Retirement Account

Pension Plan

Key Phrases:

Retirement

Retirement Plan