Now showing items 1-6 of 6

    • A critical review of 'optimal' annuitization strategies 

      Mendu, Harish (University of Waterloo, 2021-01-28)
      This paper is an analysis of different self-annuitization strategies advised to a retiree. At the time of retirement, an individual has the choice between annuitizing immediately with their wealth or delaying until a future ...
    • Defined Benefit Pension Plans: Cost of Living Adjustments and Membership Heterogeneity 

      Li, Sijia (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 ...
    • Efficient Nested Simulation of Tail Risk Measures for Variable Annuities 

      Dang, Ou (University of Waterloo, 2021-06-02)
      Estimating tail risk measures for portfolios of complex Variable Annuities (VA) is an important enterprise risk management task which usually requires nested simulation. In the nested simulation, the outer simulation stage ...
    • Optimal Retirement Planning: Scenario Generation, Preferences, and Objectives 

      Zhang, Saisai (University of Waterloo, 2018-09-20)
      The global trend of shifting from defined benefit (DB) to defined contribution (DC) workplace pension plans is putting growing pressure on individuals to take more ownership in retirement planning and financial decision-making. ...
    • A profit Sharing Pension Plan 

      Cui, Zijing (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 ...
    • Risk Allocation in Hybrid Pension Plans 

      ZHU, XIAOBAI (University of Waterloo, 2019-09-18)
      Three different hybrid designs are considered in this thesis. Chapter 1 studies the risk management of Cash Balance (CB) pension plans, which are the most popular hybrid plans in the U.S. We show that the simple delta and ...

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