Browsing Theses by Author "Li, Sijia"
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Defined Benefit Pension Plans: Cost of Living Adjustments and Membership Heterogeneity
Li, Sijia (University of Waterloo, 2021-01-06)In this paper we explore different structures for cost of living adjustments (COLA), based on Hardy et al. (2020)’s five significant criteria: affordability, sustainability, efficiency, adequacy, and fairness. Full COLA ...