Niehaus, Greg; Yu, Tong - In: Journal of Risk & Insurance 72 (2005) 2, pp. 321-352
Firms that wish to switch from a traditional defined-benefit pension plan to a defined-contribution-type plan have a choice between converting to a cash-balance plan or replacing the defined-benefit plan with a full-fledged defined-contribution plan. According to Ippolito and Thompson's (1999;...