Faculty Advisor

Abraham, Jon P.

Faculty Advisor

Vassallo, Helen G.

Abstract

Due to recent economic changes, Aon Hewitt has begun research into an alternative pension plan called a Managed Account Plan (MAP). To provide Aon Hewitt with information about the risks and benefits of the MAPs to employers, this MQP simulated a population and its additional liabilities at different guaranteed rates. The final model compares the risk of a MAP against a traditional Cash Balance (CB) plan. The analysis has shown that MAPs have potential benefits and warrant further research.

Publisher

Worcester Polytechnic Institute

Date Accepted

April 2013

Major

Management

Major

Actuarial Mathematics

Project Type

Major Qualifying Project

Accessibility

Unrestricted

Advisor Department

Mathematical Sciences

Advisor Department

Business

Your accessibility may vary due to other restrictions.

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