The Pension Benefit Guaranty Corporation (PBGC)'s Pension Insurance Modeling System (PIMS) model has taken on the Herculean task of modeling in detail and under many scenarios the cash outflows associated with the pension obligations they have assumed. This paper's comments are focused almost...

There is a paucity of academic literature on stable value funds, although they occupy such a prominent place among retirement investment vehicles. They are offered in roughly one half of all defined contribution plans in the USA, with over $640 billion dollars worth of assets under management....

Little in the scholarly economics literature is directed specifically to the performance of stable value funds, although they occupy a leading place among retirement investment vehicles. They are currently offered in more than one-third of all defined contribution plans in the USA, with more...

Little in the scholarly economics literature is directed specifically to stable value funds, although they occupy a leading place among retirement investment vehicles. They are offered in almost half of all defined contribution plans in the USA, with more than $800 billion dollars worth of...