Description: The Pension Section is pleased to make available the results of a two-part research effort exploring embedded options in pension plans. The Part I report includes a catalogue of embedded options in pension plans and the results of a related survey of pension practitioners. In the Part II report, the authors value three embedded guarantees in cash balance plans using option pricing fair valuation principles.

Description: he co-editors introduce themselves and preview the articles in this issue.

Description: Editors comments on the articles in Risk Management, March 2014