Chapter

Outsourcing Pension Longevity Protection

Igor Balevich

in Reorienting Retirement Risk Management

Published in print August 2010 | ISBN: 9780199592609
Published online September 2010 | e-ISBN: 9780191594618 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199592609.003.0010
Outsourcing Pension Longevity Protection

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Steadily improving mortality rates are boosting pension liabilities, and plan managers are starting to evaluate ways to handle this exposure. The authors explore the impact of increasing longevity on pension plans, and what can be done about it. Responses include plan design changes, transferring this risk to an insurance company, and development of strategies to hedge this risk without completely eliminating it.

Keywords: longevity risk; population aging; uncertainty; pension liability; pension risk transfer

Chapter.  6508 words.  Illustrated.

Subjects: Pensions

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