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  • June 2013 (Revised February 2019)
  • Case

Harvard University Defined Contribution Pension Plan in 2013: Looking Ahead

By: Luis M. Viceira, Jordan Chapman and John Souther
Related
  • 17 Feb 2014
  • News

Companies Detangle from Legacy Pensions

  • June 2011 (Revised September 2011)
  • Case

Tough Choices for the Illinois Pension System

By: Robert C. Pozen and Brij S. Khurana
This case describes the precarious fiscal situation of the Illinois public pension system in the spring of 2009 and the accounting of pension plans by non-federal municipalities more generally. In February 2009, in the midst of a recession, recently-appointed Governor... View Details
Keywords: Budgets and Budgeting; Financial Crisis; Financial Liquidity; Annuities; Financial Management; Financing and Loans; Taxation; Strategic Planning; Problems and Challenges; Illinois
Related
  • 1986
  • Chapter

Promise Them Anything: The Incentive Structures of Local Public Pension Plans

By: Dutch Leonard
Keywords: Compensation and Benefits; Public Sector; Government and Politics; Local Range; Motivation and Incentives
Related
  • July 2005 (Revised December 2005)
  • Case

General Motors U.S. Pension Funds

By: Luis M. Viceira and Helen Tung
In June 2003, General Motors Corp. (GM) successfully marketed the largest corporate debt offering in U.S. history, worth $17.6 billion. The offering included $13.6 billion worth of debt denominated in dollars, euros, and pounds and $4 billion dollars denominated in... View Details
Keywords: Decisions; Bonds; Investment Return; Policy; Borrowing and Debt; Corporate Finance; Auto Industry; United States
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  • 2008
  • Chapter

A New Generation of Pension Fund Management

By: Robert C. Merton
In talking about pension plans at this point in American economic and corporate history, we need to discuss three linked issues: the defined-benefit (DB) corporate plans that worked for our parents; the defined-contribution (DC) plans we're getting today because... View Details
Keywords: Asset Management; Investment Funds; Compensation and Benefits; Risk Management; Retirement; United States
Related
  • 06 Aug 2012
  • News

The high cost of private pension savings

  • 19 Feb 2012
  • News

Time to tighten rules on US pensions

  • 30 Jun 2008
  • Research & Ideas

Rethinking Retirement Planning

trust was no doubt engendered in an earlier day when defined benefit (DB) pension plans were offered by lifelong employers like IBM and General Motors. Today, that system is all but extinct. Merton explains... View Details
Keywords: by Julia Hanna; Banking; Financial Services
  • November 2018 (Revised December 2018)
  • Case

CalSTRS Takes on Gun Violence

By: Vikram S Gandhi and Caitlin Reimers
In Spring of 2018, Chris Ailman, CIO of the $200 billion pension plan for California public school teachers (CalSTRS) was mandated by his board to “prioritize engagement with makers and retailers of firearms in California” following a series of gun-related tragedies in... View Details
Keywords: Pension Funds; Pension Plan; Asset Allocation; Screening; ESG; Gun Violence; Business and Government Relations; Values and Beliefs; Education Industry; California; United States
Related
  • 06 Jan 2006
  • News

Made to Measure Is the Best Fit for Future Pensioners

  • Fast Answer

Pension and retirement funds

Where can I find information on pension plans and retirement funds?   To find out more on individual pension funds or create a list:  View Details
  • 2014
  • Working Paper

Lobbying Behavior of Governmental Entities: Evidence from Public Pension Accounting Rules

By: Abigail Allen and Reining Petacchi
We examine the lobbying behavior of state governments in the development of recently issued public pension accounting standards GASB 67 and 68. Consistent with opportunistic motivations, we find that states' opposition to the liability increasing provisions embedded in... View Details
Keywords: Accounting; Accounting Industry; United States
Related
  • August 2013 (Revised November 2015)
  • Case

Prudential Financial - General Motors Pension Risk Transfer: Back to the Future?

By: Luis M. Viceira and Emily A. Chien

In November 2012, Prudential Financial and General Motors closed on a $25.1B pension risk transfer (PRT) transaction, the largest of its kind to date by an order of magnitude both in the U.S. market and globally. In exchange for an in-kind transfer of $25.1B in... View Details

Keywords: Risk Management; Asset Management; Insurance; Retirement; Financial Services Industry; Insurance Industry
Related
  • July–August 2014
  • Article

The Crisis in Retirement Planning

By: Robert C. Merton
Corporate America began to really take notice of the looming retirement crisis in the wake of the dot-com crash, when companies in major industries went bankrupt in large part because of their inability to meet their pension obligations. The result was an acceleration... View Details
Related
  • 12 Dec 2018
  • News

Lesson Plan

ahead with new hires, even as pension and health care costs continued to rise. Cognetti says the teachers facing furloughs in Scranton have nothing to do with the financial mismanagement of previous years, which is what makes the layoffs... View Details
Keywords: Julia Hanna; photographed by Chris Sorensen
  • 07 May 2015
  • News

Renegotiating Retiree Health Care Plans After New Supreme Court Guidance

  • 05 Jan 2014
  • News

Boston must rein in retiree health plans

  • 28 Sep 2021
  • News

Boston University Plans to Divest $2.4 Billion Endowment from Fossil Fuels

  • 01 Dec 2009
  • News

An Action Plan for Economic Recovery

POZEN: Offers a plan for overhauling the U.S. financial system to avoid a repeat of the recent market meltdown. Most books about the nation’s financial crisis tell us what happened. In his new book, HBS senior lecturer Robert Pozen tells... View Details
Keywords: Roger Thompson; Finance