Chapter 1 Introduction Chapter 2 Current Pension systems and Pension Fund Risk Management 2.1 Defned Beneft Plan 2.2 Funding Methods for DB Plans 2.3 Defned Contribution Plan 2.4 Pension Reform 2.5 Hybrid Pension Plans Chapter 3 The Valuation of a DB Underpin Pension 3.1 Introduction 3.2 The Model and Assumptions 3.3 Numerical Techniques 3.4 Results 3.5 Scenario Test Chapter 4 Funding Strategies with Two Traded Assets 4.1 Introduction to Risk Management 4.2 Assumptions 4.3 Margrabe Option 4.4 Strategy 1:EAN Cost Method 4.5 Strategy2:EAN Cost Method 4.6 Strategy3:PUC Cost Method 4.7 Strategy4:TUC Cost Method 4.8 Summary Chapter 5 Numerical Examples of Hedging Costs 5.1 Introduction 5.2 Numerical Simulation 5.3 Hedging Costs 5.4 Scenario Tests Chapter 6 Salary, Infation, and Equity Returns 6.1 Ob jectives 6.2 Data Analysis 6.3 Selection of Hedging Assets Chapter 7 Hedging Costs 7.1 Introduction 7.2 The Model for Salary and Infation 7.3 Numerical Results Chapter 8 Hedging with Stochastic Interest Rates Chapter 9 Costs Control Chapter 10 Comments and Further Work Bibliography
