标题: R20 : Liquidity Requirement of a DB plan [打印本页] 作者: bchadwick 时间: 2011-7-13 16:54 标题: R20 : Liquidity Requirement of a DB plan
CFAI Text, V2, P365.
The statements under 2.1.3 Liquidity Requirement :
... For example, a pension fund paying $100M/month in benefits on an asset base of $15B....... the asset base would need to grow to 16.2B in order to meet the payout requirement without eroding the capital base.
Why an annual liquidity of 8% of plan assets is required ? Is it 0.67% (100M/15B) ? Why the asset base would need grow to 16.2B ?
Anyone can help ?作者: jmh530 时间: 2011-7-13 16:54
100 * 12M/15 B = 8% -- since the 100 M is per month.
CP作者: bodhisattva 时间: 2011-7-13 16:54
cpk123 Wrote:
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> 100 * 12M/15 B = 8% -- since the 100 M is per
> month.
Sorry for my stupid questions and thanks for your advice.
