Reforming the Valuation and Funding of Pension Promises: Are Occupational Pension Plans Safer?
This paper assesses current regulatory and accounting developments in the OECD area against their purported goals. It specifically considers the different approaches to valuing pension liabilities and questions the possibility of convergence between funding and business accountants' valuation s...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2007
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| Schriftenreihe: | OECD Working Papers on Insurance and Private Pensions
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| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper assesses current regulatory and accounting developments in the OECD area against their purported goals. It specifically considers the different approaches to valuing pension liabilities and questions the possibility of convergence between funding and business accountants' valuation standards for pension liabilities. It concludes that the trend towards market-based valuation methods in business accounting is not entirely consistent with the parallel exercise undertaken by many pension regulators. Since valuation methods for funding purposes are likely to continue moving towards a market-based model, policymakers should be all the more cautious in setting funding regulations so as to provide sufficient flexibility to pension funds in covering funding deficits while providing incentives to establish funding buffers in good economic times. We also argue that accounting rules and regulatory changes are driving plan design in some OECD countries such as Japan, the Netherlands and the United Kingdom and can lead to procyclical investment behaviour by pension funds |
| Beschreibung: | 1 Online-Ressource (30 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/078561284626 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T19:35:04Z |
| indexdate | 2024-12-18T19:04:07Z |
| institution | BVB |
| language | English |
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| spelling | Yermo, Juan Verfasser aut Reforming the Valuation and Funding of Pension Promises Are Occupational Pension Plans Safer? Juan Yermo = Réformer l'estimation et le financement des promesses sur les retraites : les plans de retraite professionnels sont-ils plus sûrs ? / Juan Yermo Réformer l'estimation et le financement des promesses sur les retraites Paris OECD Publishing 2007 1 Online-Ressource (30 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Working Papers on Insurance and Private Pensions This paper assesses current regulatory and accounting developments in the OECD area against their purported goals. It specifically considers the different approaches to valuing pension liabilities and questions the possibility of convergence between funding and business accountants' valuation standards for pension liabilities. It concludes that the trend towards market-based valuation methods in business accounting is not entirely consistent with the parallel exercise undertaken by many pension regulators. Since valuation methods for funding purposes are likely to continue moving towards a market-based model, policymakers should be all the more cautious in setting funding regulations so as to provide sufficient flexibility to pension funds in covering funding deficits while providing incentives to establish funding buffers in good economic times. We also argue that accounting rules and regulatory changes are driving plan design in some OECD countries such as Japan, the Netherlands and the United Kingdom and can lead to procyclical investment behaviour by pension funds Finance and Investment https://doi.org/10.1787/078561284626 Verlag kostenfrei Volltext |
| spellingShingle | Yermo, Juan Reforming the Valuation and Funding of Pension Promises Are Occupational Pension Plans Safer? Finance and Investment |
| title | Reforming the Valuation and Funding of Pension Promises Are Occupational Pension Plans Safer? |
| title_alt | Réformer l'estimation et le financement des promesses sur les retraites |
| title_auth | Reforming the Valuation and Funding of Pension Promises Are Occupational Pension Plans Safer? |
| title_exact_search | Reforming the Valuation and Funding of Pension Promises Are Occupational Pension Plans Safer? |
| title_exact_search_txtP | Reforming the Valuation and Funding of Pension Promises Are Occupational Pension Plans Safer? |
| title_full | Reforming the Valuation and Funding of Pension Promises Are Occupational Pension Plans Safer? Juan Yermo = Réformer l'estimation et le financement des promesses sur les retraites : les plans de retraite professionnels sont-ils plus sûrs ? / Juan Yermo |
| title_fullStr | Reforming the Valuation and Funding of Pension Promises Are Occupational Pension Plans Safer? Juan Yermo = Réformer l'estimation et le financement des promesses sur les retraites : les plans de retraite professionnels sont-ils plus sûrs ? / Juan Yermo |
| title_full_unstemmed | Reforming the Valuation and Funding of Pension Promises Are Occupational Pension Plans Safer? Juan Yermo = Réformer l'estimation et le financement des promesses sur les retraites : les plans de retraite professionnels sont-ils plus sûrs ? / Juan Yermo |
| title_short | Reforming the Valuation and Funding of Pension Promises |
| title_sort | reforming the valuation and funding of pension promises are occupational pension plans safer |
| title_sub | Are Occupational Pension Plans Safer? |
| topic | Finance and Investment |
| topic_facet | Finance and Investment |
| url | https://doi.org/10.1787/078561284626 |
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