Coverart for item
The Resource The impact of longevity improvements on U.S. corporate defined benefit pension plans, prepared by Michael Kisser ...[et. al.], (electronic book)

The impact of longevity improvements on U.S. corporate defined benefit pension plans, prepared by Michael Kisser ...[et. al.], (electronic book)

Label
The impact of longevity improvements on U.S. corporate defined benefit pension plans
Title
The impact of longevity improvements on U.S. corporate defined benefit pension plans
Statement of responsibility
prepared by Michael Kisser ...[et. al.]
Contributor
Author
Subject
Language
eng
Summary
This paper provides the first empirical assessment of the impact of life expectancy assumptions on the liabilities of private U.S. defined benefit (DB) pension plans. Using detailed actuarial and financial information provided by the U.S. Department of Labor, we construct a longevity variable for each pension plan and then measure the impact of varying life expectancy assumptions across plans and over time on pension plan liabilities. The results indicate that each additional year of life expectancy increases pension liabilities by about 3 to 4 percent. This effect is not only statistically highly significant but also economically: each year of additional life expectancy would increase private U.S. DB pension plan liabilities by as much as $84 billion
Cataloging source
CaPaEBR
Illustrations
illustrations
Index
no index present
LC call number
HD7125
LC item number
.K57 2012eb
Literary form
non fiction
Nature of contents
  • standards specifications
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Kisser, Michael
  • International Monetary Fund
  • International Monetary Fund
Series statement
IMF working paper
Series volume
12/170
http://library.link/vocab/subjectName
  • Defined benefit pension plans
  • Longevity
Label
The impact of longevity improvements on U.S. corporate defined benefit pension plans, prepared by Michael Kisser ...[et. al.], (electronic book)
Instantiates
Publication
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
ebr10627054
Dimensions
unknown
Extent
33 p.
Form of item
electronic
Isbn
9781475568097
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Original version note
Original electronic resource
Other physical details
ill.
Reproduction note
Electronic resource.
Specific material designation
remote
Label
The impact of longevity improvements on U.S. corporate defined benefit pension plans, prepared by Michael Kisser ...[et. al.], (electronic book)
Publication
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
ebr10627054
Dimensions
unknown
Extent
33 p.
Form of item
electronic
Isbn
9781475568097
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Original version note
Original electronic resource
Other physical details
ill.
Reproduction note
Electronic resource.
Specific material designation
remote

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