The average funding status for eleven southern state pension plans used by teachers as of 2005 is 86%, which translates into over a $40 billion shortfall. Employing Monte Carlo simulation, this study projects the expected future funding status along with confidence intervals for each of these states over the next 10 years. Projections suggest the average underfunding will remain virtually the same based on current state pension contributions and asset allocations. However, if underlying pension asset returns fail to meet expectations due to high funding risk, the average underfunding could fall to 73%, a shortfall of over $150 billion.

Thesis (M.B.A.)--Naval Postgraduate School, June 2004. / Thesis advisor(s): Richard Doyle, Ira Lewis. Includes bibliographical references (p. 77-82). Also available online.

Thesis (Ph. D.)--University of Washington, 2007. / Vita. Includes bibliographical references (leaves 63-67).

Financial innovation in the U.S. economy has proceeded at a dynamic rate throughout this century. The number and variety of financial institutions which have evolved and thrived testify to our inventiveness. Whether the expanding .. role of these specialized intermediaries have contributed to the nation's economic growth is a long-standing and much debated question, even today. As financial institutions .go, pension plans are not young, nor are they peculiar to the United States; factors impelling their growth and development were common to most industrial countries. Only relatively recently, however, have the effects on private saving of the growth of pension systems, with their particular attributes, been recognized as singularly important in comparison with other financial institutions conceived in the past. / Master of Arts

Thesis (Ph.D.) -- University of Rhode Island, 2009. / Typescript. Includes bibliographical references (leaves 157-168).

This study examines whether firms' decisions to offer company stock in defined contribution (DC) plans are explained by managers' corporate control motives. Using a large sample of proxy voting outcomes, I find that employee ownership in DC plans is significantly and positively associated with the level of voting support for management sponsored proposals. This suggests that managers encourage employee DC holdings in company stock in order to receive higher voting support in favor of management. The effects of employee ownership on voting outcomes are significantly greater in subsample tests than in full sample tests: management proposals opposed by Institutional Shareholder Services, management proposals of close votes, director election votes receiving more than 20% of votes withheld, and say-on-pay frequency proposals.

The purpose of this research was to examine the United States population of plans with over 100 participants to determine the extent of the reaction away from defined benefit plans resulting from the 1986 and 1987 legislation.

Approved for public release, distribution is unlimited / The defined benefit (DB) pension system that provides retirement security to 44.5 million Americans faces significant challenges. At the end of 2003, the system was underfunded by $350 billion, there were 82,696 fewer plans then during the system peak (in 1985), and the Pension Benefit Guaranty Corporation (PBGC) responsible for ensuring retirees receive their retirement benefits even after a plan terminates, reported a deficit of $11.49 billion. This thesis examines the challenges facing the DB pension plan system, beginning with an overview of the DB plan system, a review of the different plan types, the benefits received, and funding rules. Next, examining the PBGC, its purpose, its organization, and the role that it plays in the DB pension system. Followed by an identification of the challenges facing the pension plan system, and corporate America's frustrations with the system. Finally, the thesis presents some recent reform proposals, and provides corporate America's response to them. A changing workforce demanding leaner retirement options, plans that allow multiple career changes, provide beneficiaries with lump sum benefits, provide early vesting characteristics, and are easily understood, is challenging the future of the DB plan system. To survive the DB plan system must continue to change. / Lieutenant, United States Navy

The aim of this diploma thesis is describe the most common methods of financing pension plans, focusing on some of the methods of fund financing pension plans. To describe the individual methods, their numerical illustration and allow comparison, it is necessary to dispose of necessary instruments. Therefore in the thesis there are constructed the cohort life tables for the Czech Republic. The thesis also deals with the modelling life annuities in continuous time, in particular, with the shape of im- mediate pension anuity factor for Gompertz law of mortality. Namely, this factor is one of the parameters entering the calculation of the individual methods of fund fi- nancing for pension plans.

Thesis (M.B.A.)--Boston University / PLEASE NOTE: Boston University Libraries did not receive an Authorization To Manage form for this thesis or dissertation. It is therefore not openly accessible, though it may be available by request. If you are the author or principal advisor of this work and would like to request open access for it, please contact us at open-help@bu.edu. Thank you. / The Purpose of making this study is to gain a fuller knowledge of the modern pension movement and how it relates to today's social structure, economic forces, and political trends. The first part of the text is devoted to an examination of the forces which have brought pensions to tte significant position they hold today. The next section deals with the problems that arise in the inauguration, administration, financing, funding, and selling of a pension plan. Emphasis has been placed in the decision areas that face management, and how its decisions may affect the structure of the pension field. The remaining section describes the impact that the advent of pensions has had on the capital market, and what we may expect in the future. As a tremendous source of funds for the capital market and no indications of a slowing down of growth, the influence of the future is indeterminable, but the author has endeavored to point out where developments can be expected. / 2031-01-01