TY - JOUR T1 - INTRODUCTION JF - Special Issues SP - 9 LP - 11 VL - 2012 IS - 1 AU - Peter Nakada AU - Andrew Coburn Y1 - 2012/09/21 UR - https://pm-research.com/content/2012/1/9.abstract N2 - 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. ER -