Abstract
In the U.S., Defined Benefit plans (DB plans) have advanced funds by the enforcement of minimum standard and inducement of tax advantages. ERISA in 1974 and the related rules have strengthened or intensified such standard levels. A regulatory body have requested the assessment of pension liabilities more severely and the shortening of the term of redemption. The minimum funding standard is the basis for such rules and regulations, which intends to protect pension rights from the default risk and restrict the abuse of the PBGC (Pension Benefit Guaranty Corporation).
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Ishida, S., Ishida, S. (1999). The Structure of Risks and the Portfolio of Pension Funds. In: Sato, R., Ramachandran, R.V., Mino, K. (eds) Global Competition and Integration. Research Monographs in Japan-U.S. Business & Economics, vol 4. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-5109-6_18
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DOI: https://doi.org/10.1007/978-1-4615-5109-6_18
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