FAIR TRANSITION FROM DEFINED BENEFIT TO TARGET BENEFIT

Zhu, XB; Hardy, M; Saunders, D

Hardy, M (corresponding author), Univ Waterloo, Dept Stat & Actuarial Sci, Waterloo, ON N2L 3G1, Canada.

ASTIN BULLETIN, 2021; 51 (3): 873

Abstract

Target benefit (TB) plans that incorporate intergenerational risk sharing have been demonstrated to be welfare improving over the long term. However, ......

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