Bikker, Jacob A; Vlaar, Peter J G - In: The Geneva Papers on Risk and Insurance - Issues and … 32 (2007) 4, pp. 494-515
In an ageing society, defined benefit (DB) pension plans are increasingly difficult to manage by means of contribution policy only, as the contribution base is likely to shrink relative to total pension provisions. This development, together with an increased emphasis on market valuation in...