Do pension buyouts help or hurt employees (retirees)?

Y Lin, RD MacMinn, T Shi - Journal of Risk and Insurance, 2023 - Wiley Online Library
This article compares expected pension default losses of employees and retirees before and
after pension buyouts. The comparisons are made using a stochastic model calibrated with …

[HTML][HTML] Text Mining for US Pension De-Risking Analysis

L Zhang, R Tian, J Chen - Risks, 2022 - mdpi.com
In the past 30 years, as sponsors of defined benefit (DB) pension plans were facing more
severe underfunding challenges, pension de-risking strategies have become prevalent for …

An Analysis of Debt and Equity Market Reaction to Pension Risk Transfer Announcements: What Investors Need to Know

DR Cantor, FM Hood III, ML Power - The Journal of Investing, 2018 - pm-research.com
The pension annuity buyout market continues to experience very strong growth, with record
deal volumes being reported. Cantor, Hood, and Power (2017) document a large variation in …

[CITATION][C] Strategic Risk-shifting in Corporate Pension Plans