Chapter

Designing the Best Pension Plan

August Baker, Dennis E. Logue and Jack S. Rader

in Managing Pension and Retirement Plans

Published in print November 2004 | ISBN: 9780195165906
Published online July 2005 | e-ISBN: 9780199835508 | DOI: http://dx.doi.org/10.1093/019516590X.003.0003
 Designing the Best Pension Plan

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This chapter discusses the two-layer process in designing pension plans. The first involves choosing the best plan structure. A decision must be made whether the plan will offer defined benefits or defined contributions, or a hybrid of both. Once the plan type is selected, the various features of the plan must be defined based on the needs of both sponsors and employees. Boards of directors or government officials as well as senior management and the finance and human resources teams must accept a leadership role in forming and structuring pension plans.

Keywords: pension plans; defined benefit; defined contribution; employee benefits

Chapter.  5080 words. 

Subjects: Financial Markets

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