Defined-benefit pension plans do not offer complete security; there are policy alternatives that would clarify this and are more likely to improve pension security than would the much-discussed options of reforming insolvency law or the constitutionally complex process of negotiating the...

Intro -- Contents -- Acknowledgments -- Introduction -- 1 Corporate Investment by Employee Pension Funds: A Deal with the Devil? -- 2 Pension Fund Assets and Plan Members: A Question of Ownership? -- 3 The Duties of Pension Fund Managers towards Plan Members with Respect to the Governance of...