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坏呼呼嘿嘿 · 2022年10月30日

请问这个DCplan的12%怎么看出来是她自己缴的而不是公司缴纳，题目里面并没有明确。

  1. CFA III
  2. 机构IPS

NO.PZ2019100901000013

问题如下：

Fiona Heselwith is a 40-year-old US citizen who has accepted a job with Lyricul, LLC, a UK-based company. Her benefits package includes a retirement savings plan. The company offers both a defined benefit (DB) plan and a defined contribution (DC) plan but stipulates that employees must choose one plan and remain with that plan throughout their term of employment.

The DB plan is fully funded and provides full vesting after five years. The benefit formula for monthly payments upon retirement is calculated as follows:

Final monthly salary × Benefit percentage of 2% × Number of years of service

The final monthly salary is equal to average monthly earnings for the last five financial years immediately prior to the retirement date

The DC plan contributes 12% of annual salary into the plan each year and is also fully vested after five years. Lyricul offers its DC plan participants a series of life-cycle funds as investment choices. Heselwith could choose a fund with a target date matching her planned retirement date. She would be able to make additional contributions from her salary if she chooses

Discuss the features that Heselwith should consider in evaluating the two plans with respect to the following:

i. Benefit payments

ii. Contributions

iii. Shortfall risk

iv. Mortality/longevity risks

选项：

解释：

以上

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1 个答案

lynn_品职助教 · 2022年11月03日

嗨，从没放弃的小努力你好：


请问这个DCplan的12%怎么看出来是她自己缴的而不是公司缴纳，题目里面并没有明确。


DC plan的12%是公司缴的。


这道题考察的知识点是：

1、DB Fund：基金承担Longevity risk，员工承担Mortality risk；基金通过资产池的方式（Pooled assets），（用Mortality risk平衡了Longevity risk）降低了基金面临的Longevity risk。

2、对于DC Plan，基金（雇主）不承担风险，风险由员工承担。因此，员工承担Longevity risk（活的过长，养老金不够用的风险），以及Mortality risk。

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就算太阳没有迎着我们而来，我们正在朝着它而去，加油！

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