PT - JOURNAL ARTICLE AU - Peter Nakada AU - Andrew Coburn TI - INTRODUCTION DP - 2012 Sep 21 TA - Special Issues PG - 9--11 VI - 2012 IP - 1 4099 - https://pm-research.com/content/2012/1/9.short 4100 - https://pm-research.com/content/2012/1/9.full AB - The concept of the defined benefit corporate pension plan, at its most basic level, makes sense. The pension is a form of deferred compensation, designed to provide employees with financial security in retirement. Retiring employees receive a guaranteed stream of pension payments, typically based on their final salary, from the date that they retire until they die. As pension obligations accrue, the company sets aside funds that are invested in assets that allow the scheme to make the future pension payments.