RT Journal Article
SR Electronic
T1 INTRODUCTION
JF Special Issues
FD Institutional Investor Journals
SP 9
OP 11
VO 2012
IS 1
A1 Peter Nakada
A1 Andrew Coburn
YR 2012
UL https://pm-research.com/content/2012/1/9.abstract
AB The concept of the defined benefit corporate pension plan, at its most basic level, makes sense. The pension is a form of deferred compensation, designed to provide employees with financial security in retirement. Retiring employees receive a guaranteed stream of pension payments, typically based on their final salary, from the date that they retire until they die. As pension obligations accrue, the company sets aside funds that are invested in assets that allow the scheme to make the future pension payments.