Hostname: page-component-784d4fb959-2gr9v Total loading time: 0 Render date: 2025-07-17T11:53:56.575Z Has data issue: false hasContentIssue false
  • English
  • Français

Optimal Financial Strategies for Trusteed Pension Plans

Published online by Cambridge University Press:  19 October 2009

Irwin Tepper
Get access Rights & Permissions [Opens in a new window]

Extract

Since the Second World War the corporate pension trust has become a prominent method of provision for employees' retirement income. The continuing liberalization of pension provisions and pressures to match pension trust liabilities with assets has established pension contributions as a significant component of corporate cash outlays. Asset accumulation in pension trusts has rendered such institutions a major source of capital funds.

Information

Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 9 , Issue 3 , June 1974 , pp. 357 - 376
Copyright
Copyright © School of Business Administration, University of Washington 1974

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Article purchase

Temporarily unavailable

References

REFERENCES

[1]Bassett, Preston C. “Progressive Approach to Pension Funding.” Harvard Business Review, November–December 1972, pp. 125–135.Google Scholar
[2]Beckmann, M.J.Dynamic Programming of Economic Decisions. Springer-Verlag, 1968.CrossRefGoogle Scholar
[3]Bellman, R.E.Dynamic Programming. Princeton, N.J.: Princeton University Press, 1957.Google ScholarPubMed
[4]Business Week. “The Pressure on Pension Funds to Perform.” September 11, 1971, pp. 88–98.Google Scholar
[5]Ellis, C. D. “Danger Ahead to Pension Funds.” Harvard Business Review, May–June 1971, pp. 50–56.Google Scholar
[6]Hakansson, N.H. “Optimal Investment and Consumption Strategies Under Risk for a Class of Utility Functions.” Econometrica, September 1970, pp. 587–607.Google Scholar
[7]Keeley, R.H. “Pension Plan Decisions and Corporate Financial Policy.” Unpublished Ph.D. diss., Graduate School of Business, Stanford University, 1969.Google Scholar
[8]Levhari, D., and Srinivasan, T.N.. “Optimal Savings Under Uncertainty.” Review of Economic Studies, April 1969, pp. 153–163.Google Scholar
[9]McGill, D.M.fundamentals of Private Pensions. Second Ed.Homewood, Ill.: Irwin, Pension Research Council, 1964.Google Scholar
[10]Nemhauser, G.L.Introduction to Dynamic Programming. New York: John Wiley & Sons, Inc., 1966.Google Scholar
[11]Phelps, E.S. “The Accumulation of Risky Capital: A Sequential Utility Analysis. Econometrica, October 1962, pp. 729–743.Google Scholar
[12]Pilch, M., and Wood, V.. Pension Scheme Practice. Hutchinson & Co. Ltd., 1967.Google Scholar
[13]Rosen, G., and Hershman, A.. “The Great Pension Controversy.” Dun's Review, May 1971, pp. 33ff.Google Scholar
[14]Samuelson, P.A. “Lifetime Portfolio Selection by Dynamic Stochastic Programming.” Review of Economics and Statistics. August 1969, pp. 239–246.CrossRefGoogle Scholar
[15]Tepper, I. “Optimal Financial Strategies for Trusteed Pension Plans.” Unpublished Ph.D. diss., University of Pennsylvania, 1972.Google Scholar
[16]Tepper, I., and Affleck, A.R.P.. “The Valuation and Forecasting of Pension Plan Liabilities and Corporation Finance.” Journal of Finance. Forthcoming.Google Scholar
[17]Time. “Pensions: Pitfalls in the Fine Print.” August 23, 1971, pp. 56–57.Google Scholar
[18]Trowbridge, C.L. “ABC's of Pension Funding.” Harvard Business Review, March–April 1966, pp. 115–126.Google Scholar
[19]Van Deuren, R.A. “The Future of the Private Pension Plan.” financial Executive,March 1971, pp. 18–25.Google Scholar
[20]Winklevoss, H.E. Jr. “A Quantitative Analysis of the Factors Affecting Pension Costs.” Unpublished Ph.D. diss., University of Oregon, 1970.Google Scholar