Abraham, Jon P.
Vassallo, Helen G.
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.
Worcester Polytechnic Institute
Major Qualifying Project
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