search query: @indexterm liabilities / total: 56
reference: 11 / 56
| Author: | Brown, D.T. Dybvig, P.H. Marshall, W.J. |
| Title: | The cost and duration of cash-balance pension plans |
| Journal: | Financial Analysts' Journal
2001 : NOV/DEC, VOL. 57:6, p. 50-62 |
| Index terms: | LIABILITIES PENSIONS |
| Freeterms: | CASH-BALANCE |
| Language: | eng |
| Abstract: | Controversy about the fairness of early transitions from traditional defined-benefit plans to cash-balance plans may have overshadowed the subtleties of funding a cash-balance pension liability. Because crediting rates of cash-balance 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 cash-balance liability. |
SCIMA