pension plan without additional external funding (e.g. from taxpayers). Therefore, the risk exposure of the PBGC from insuring … the impact of plan underfunding for the operation of the PBGC. When a DB plan is fully funded, the PBGC's risk exposure … what key risk factors can produce underfunding in a DB plan, and how can these risk factors be quantified? We explore the …

. In the process we integrate a Conditional Value at Risk (CVaR) restriction on overall plan costs into the pension manager …

. In the process we integrate a Conditional Value at Risk (CVaR) restriction on overall plan costs into the pension manager …