Description
Book SynopsisDeals with the methodologies of financial risk management of pension plans, mostly defined benefit plans. This book outlines basic actuarial valuation concepts and also presents valuation methods for defined benefit plans, and discusses their relationship to other types of pension plans. It also analyzes measurement of rate of return of a fund.
Table of ContentsAbbreviated. Introduction. Part 1. Fundamentals. Chapter 1. Retirement plans as a part of economic security system. Chapter 2. Fundamental concepts of theory of interest. Chapter 3. Life insurance and annuities. Part 2. Valuation of assets and liabilities. Chapter 4. General principles of pension plan valuation. Chapter 5. Valuation of pension plan liabilities. Chapter 6. Random fluctuation of pension liabilities. Chapter 7. Valuation of pension plan assets. Part 3. Financial risk management. Chapter 8. General rules of risk classification and measurement. Chapter 9. Interest rate risk - nonrandom approach. Chapter 10. Stochastic approach to financial risk management. Chapter 11. Conclusion.
