Executive compensation and cash contributions to defined benefit pension plans
نویسندگان
چکیده
منابع مشابه
Defined Contribution Pension Plans: Determinants of Participation and Contributions Rates
Records of 793,794 employees eligible to participate in 647 defined contribution pension plans are studied. About 71% of them choose to participate in the plans, and of the participants, 12% choose to contribute the maximum allowed, $10,500. The main findings are (other things equal) (1) participation rates, contributions and (most remarkably) savings rates increase with compensation; on averag...
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Even risky pension sponsors could offer essentially riskless pension promises by contributing a sufficient level of resources to their pension trust funds and by investing those resources in fixed-income securities designed to deliver their payoffs just as pension obligations are coming due. However, almost no firm has chosen to fund its plan in this manner. We study the optimal funding choice ...
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The financial market’s performance plays an important role in the retirement date of a DC pension plan holder. Consequentially, it could potentially also influence the labour force structure of countries that adopt DC features in their public and private pension systems. Numerous studies are motivated, however, by the theory that financial markets are affected by a country’s demographics, makin...
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Controversy about the fairness of early transitions from traditional definedbenefit plans to cash-balance plans may have over-shadowed the subtleties of funding a cash-balance pension liability. Because crediting rates of cashbalance liabilities float with market rates, the same techniques used to value and hedge floating-rate bonds provide the present-value cost and effective duration of a cas...
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This paper investigates the determinants of public pension plan risk-taking behavior using the percentage of total plan assets invested in the equity markets and the pension asset beta as measures of investment risk. We find that government accounting standards strongly affect public fund investment risk, as higher return assumptions (used to discount pension liabilities) are associated with hi...
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ژورنال
عنوان ژورنال: Journal of Business Finance & Accounting
سال: 2018
ISSN: 0306-686X
DOI: 10.1111/jbfa.12339