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Duration-Enhancing Overlay Strategies for Defined Benefit Pension Plans

In: Asset and Liability Management Handbook

Author

Listed:
  • John M. Mulvey
  • Woo Chang Kim
  • Yi Ma

Abstract

In many countries, there is a concern about demographic trends associated with providing adequate pensions to retired work-ers. For example, the workforce in Japan is expected to shrink from 84 million to 74 million, while the number of retirees will increase from 26 million to 36 million by 2030. In Europe, the population aged 65 years and older, as a ratio of the working-age population, will increase from 25 per cent in 2008 to 53 per cent in 2060. Given these headwinds, companies who sponsor pension trusts will benefit from improving their investment performance.

Suggested Citation

  • John M. Mulvey & Woo Chang Kim & Yi Ma, 2011. "Duration-Enhancing Overlay Strategies for Defined Benefit Pension Plans," Palgrave Macmillan Books, in: Gautam Mitra & Katharina Schwaiger (ed.), Asset and Liability Management Handbook, chapter 11, pages 280-307, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-30723-0_11
    DOI: 10.1057/9780230307230_11
    as

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