https://longevity.stanford.edu/wp-content/uploads/2017/05/new-logo2-01-300x107.png 0 0 admin https://longevity.stanford.edu/wp-content/uploads/2017/05/new-logo2-01-300x107.png admin2013-04-29 19:00:122013-04-29 19:00:124/29/2013 - Adjustable pension plan design begins to gain converts (Pensions & Investments)
4/29/2013 – Adjustable pension plan design begins to gain converts (Pensions & Investments)
A new pension plan design that allows employers to drastically reduce their risk while still providing lifetime income to participants is gaining support as an alternative to moving employees into a defined contribution plans.
The adjustable pension plan was conceived by Richard Hudson, principal consulting actuary at Cheiron Inc., New York. Its key difference from a traditional DB plan is that the benefit received each year is adjusted from an original multiplier based on the previous year’s investment performance.
Read the full article at Pensions & Investments.