Several different decisions, including asset allocation, security selection and market iming,
affect the return to a pension fund (or any investor). The impact of each type of decision can …

A defined benefit pension plan is effectively an operating division of the sponsor. Thus, when
evaluating risk and making asset allocation decisions, it is more appropriate to focus on the …

… Ambachtsheer and D. Don Ezra have an international reputation as experts in the field.
Now, their combined talents and experience yield a timely and thorough book on effective …

… D. Don Ezra, a Fellow of the Canadian Institute of Actuaries, is a Director of Mitchell, Ezra
& Associates, Inc., a Toronto-based firm of pension investment consultants. This article is …

… Don Ezra … Don Ezra is director of strategic advice at Russell Investment Group, New
York City. … And that observation leads to my third and most fundamental conclusion …

Praise For The Retirement Plan Solution" Short, clear, complete, and always interesting.
Best book on DC plans and what we should do-now."—Charles D. Ellis, author, Winning the …

An immediate annuity is precisely the sum of two parts. One is a deferred annuity commencing
at a specified date, with no death benefit before that date. The remainder, before the …

Are private pension plans grossly underfunded, or do they contain abundant surplus?
Analyses of actuarial data from 1981-82 reach contradictory conclusions. Part of the problem in …

The discussion on active versus passive investing needs to be reconfigured. It is often
framed as an adversarial debate over two alternatives: passively investing in a cap-weighted …

… Don Ezra is director of strategic advice at the Russell Investment … Ezra’s and not in any
way sanctioned by the Russell … President Franklin D. Roosevelt insisted that the system be …