Browsing University of Waterloo by Supervisor "Hardy, Mary, 1958-"
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Defined Benefit Pension Plans: Cost of Living Adjustments and Membership Heterogeneity
(University of Waterloo, 2021-01-06)In this paper we explore different structures for cost of living adjustments (COLA), based on Hardy et al. (2020)’s five significant criteria: affordability, sustainability, efficiency, adequacy, and fairness. Full COLA ... -
A profit Sharing Pension Plan
(University of Waterloo, 2021-01-05)As Traditional Defined Benefit (DB) plans are declining, more companies are switching to Defined Contribution (DC) plans. However, DC plans have significant disadvantages since employees bear all investment and longevity ...