Discussion on a form of Target Benefit Plan (TBP) that allows for structured, transparent inter-generational risk sharing (IRS) among pension contributors and beneficiaries.
Compares IRS plan design with traditional defined benefit (DB) design.
Examines affordability (average cost), sustainability (volatility of costs), efficiency, adequacy of benefits, and fairness.
Who: Mary Hardy, Professor, University of Waterloo, Statistics and Actuarial Science
