Author: John Joseph PascucciPublisher:
ISBN:
Category : Investments
Languages : en
Pages : 650
Book Description
The Investment Policies of Collectively Bargained Pension Funds
Author: John Joseph PascucciPublisher:
ISBN:
Category : Investments
Languages : en
Pages : 650
Book Description
The Use of Pension Fund Capital
Author: Judith W. MaresPublisher:
ISBN:
Category : Government publications
Languages : en
Pages : 46
Book Description
The Asset Allocation of Private Pension Plans
Author: Leslie E. PapkePublisher:
ISBN:
Category : Pension trusts
Languages : en
Pages : 74
Book Description
This paper summarizes the Form 5500 data on private pension fund investment. Using Form 5500 data from 1981 to 1987, the asset allocation of single employer and mu1tiemp1oyer defined benefit and defined contribution plans is reported, as well as the asset mix of the following subgroups: defined benefit plans categorized by plan funding ratio, sole and multiple defined contribution plans, savings or thrift, money purchase, ESOP, and 401(k) defined contribution plans. A brief survey of the literature on pension fund investment policy is also included; however, the focus of the paper is to describe the Form 5500 data and inform subsequent research on investment policies of private pension funds. The average single employer defined benefit plan holds about 50 percent in fixed-income securities, 20 percent in equities, and 20 percent in pooled funds (a 50/20/20 mix). Larger single employer defined benefit plans hold a 60/30/2 portfolio on average. While portfolio theory for these plans predicts extreme investment policies, few portfolios are extreme. About 20 percent of plans hold more than 60 percent in equity; about 9 percent of plans hold more than 60 percent in long term fixed-income securities. Multiemployer defined benefit plans hold a 63/19/8 mix. Single employer defined contribution plans invest in a 41/30/20 mix on average, where the mix is 49/38/2 for larger plans. A defined contribution plan which is one of several plans invests more in equities and less in fixed income securities than the average sole defined contribution plan. Multiemployer defined contribution plans invest more heavily in fixed-income securities (73/5/8).
Report of a Conference on the Management of Collectively Bargained Pension Funds
Author: New Directions in the Investment and Control of Pension Funds
Author: Hillel GrayInvestment of Union Pension Funds
Author: AFL-CIO.Publisher:
ISBN:
Category : Labor unions
Languages : en
Pages : 148
Book Description
Monograph outlining recommendations of the AFL-CIO trade union federation regarding investment policy for pension scheme funds in the USA - argues for increased trade union involvement in the investment process, considers employment and social implications, exercise of shareholder rights, etc., and reviews experience in Western Europe, management aspects, etc. References.
Joint Trust Pension Plans
Author: Daniel F. McGinnPublisher: University of Pennsylvania Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 376
Book Description
From the Pension Research Council of the Wharton School
Investment Policies of Bilaterally Managed Pension Plans
Author: Frederic MeyersPublisher:
ISBN:
Category : Pensions
Languages : en
Pages : 18
Book Description
The Impact of ERISA on the Investment Policies of Private Pension Funds and Capital Market Efficiency
Author: J. David CumminsPublisher:
ISBN:
Category : Pension trusts
Languages : en
Pages : 292
Book Description
Multiemployer Retirement Plans
Author: Daniel F. McGinnPublisher:
ISBN:
Category : Law
Languages : en
Pages : 312
Book Description
The book explores at length the fabric of multiemployer retirement plans, starting with their formation and moving through plan design, administration, investments, actuarial computations, governmental regulation and future factors that could influence multiemployer retirement systems. The author examines the nature of multiemployer retirement systems, explains how they operate and presents his view of the future of these plans.