Managing Pension and Retirement Plans

Abstract This book discusses the different financial issues surrounding pension plans. It covers the different types of pension plans, fiduciary responsibilities, investment policy, performance monitoring, risk management, and cost control. The book is divided into five parts. Part I introduces the two main types of pension plans (defined benefit and defined contribution plans), then presents an overview of fiduciary responsibilities and regulatory compliance. Part II focuses on the different aspects of Defined Benefit plans. Part III focuses on Defined Contribution plans and hybrid plans. Part IV discusses the measurement, evaluation, and improvement of investment performance. Part V addresses the management of the decision-making process, asset managers, and costs.