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Document Details :
Title: Pension Funding with Time Delays and the Optimal Spread Period
Author(s): HABERMAN, S.
Journal: ASTIN Bulletin
Volume: 25 Issue: 2 Date: November 1995
The paper extends earlier results by demonstrating that there is an optimal range of values for the period for amortizing valuation surpluses or deficiencies, in the case when there is a one year time delay between fixing a contribution rate and the accounting information about current fund levels. The optimal range is compared for the cases where there is no time delay and there is a one year time delay.