By Niels E. Kortleve, Theo E. Nijman, Eduard H. M. Ponds
The papers accrued during this publication are in regards to the program of fair-value rules to accounting for pensions and its effects for pension coverage. by way of comparability with valuing the colossal bulk of company resources and liabilities, the industry values of 401-k resources and liabilities will be envisioned rather appropriately. however, pension accounting has been, and mostly nonetheless is, the most arcane and opaque parts of economic reporting simply because fair-value ideas aren't utilized. various reports have documented the distorting results that these accounting practices have had on company pension investment and asset allocation selection. in keeping with new principles followed via the overseas Accounting criteria Board, convinced fair-value ideas must be utilized within the 12 months 2006. The ebook of this booklet now's hence just-in-time. It bargains nice price to pension pros, pension fund trustees, regulators, and certainly someone with a significant curiosity in pension coverage. It offers with the applying of fair-value ideas to accounting for pensions. it truly is written according to the hot principles set by means of the foreign Accounting criteria Board. This publication fills a considerable hole during this box.
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While (in theory at least) DC-based pension deals do not have contingent claims, it still requires high effective organizations to create, communicate and manage a limited number of ‘efficient’ investment options, and to regularly report results to stakeholders. 6. ’ A: ‘No, but a few are seriously working on it’. The sad truth is that much of the global ‘pension industry’ suffers from severe ‘can’t see the forest for the trees’ problems. In other words, most pension people are so focused on their own pension tree, that they cannot even see the pension forest within their own organization, let alone the broader national or global pension forest.
And P. Mauro (2004), “The case for GDP-indexed bonds”, Economic Policy, April 2004, pp. 165–216. Draper, N. and E. Westerhout (2002), Ageing, sustainability and the interest rate: the GAMMA model, CPB report 2002/4, pp. 38–41. Ewijk, C. van (2003), Nieuw pensioenakkoord nodig, ESB, 21 February 2003 (in Dutch). Ewijk, C. van and M. van de Ven (2002), Pensioenvermogen Vanuit Macro-economisch Perspectief, Preadviezen van de Koninklijke Vereniging voor de Staathuishoudkunde (KVS), Amsterdam (in Dutch).
2000) number of people in employment, the smaller the pension contribution base becomes. Shocks in investment returns or in pension liabilities will then have to be absorbed by fewer people, so that the leverage with which these shocks affect individual contributions becomes greater. 6, relative to the total gross wages, the liabilities of pension funds are set to rise significantly between now and 2030. The ratio between pension liabilities and total wages goes up from approximately 2,5 now to 4,5 in 2030.