Jeremy Gold
Jeremy Gold provides pension finance consulting to sponsors of defined benefit pension plans. This consulting focuses on two areas: investment analysis from an asset/liability point of view, and strategic benefit advice from a corporate finance perspective.
Prior to forming his own firm in 1989, Jeremy headed Morgan Stanley Pensions with responsibility for developing and marketing Morgan Stanley products and services to the pension community. From 1979 to 1985, he was a Consulting Actuary/Account Executive at Buck Consultants. Earlier activities included actuarial consulting and systems development with pension consulting firms and insurance companies.
Dr. Gold is frequently quoted in benefit and investment periodicals, most recently in Life and Pensions (UK) (September 2006), as well as the general press, most recently in the New York Times (August 2006) and The News Hour With Jim Lehrer (TV, August 2006).
Recent Papers
Reducing a Company's Beta - A Novel Way to Increase Shareholder Value (Journal of Applied Corporate Finance, Fall 2006).
Never Again: A Transition to a Secure Private Pension System (Journal of Portfolio Management, Fall 2005).
Actuarial/Accounting Bias Enables Equity Investment by Defined Benefit Pension Plans (North American Actuarial Journal, July 2005).
Retirement Benefits, Economics and Accounting: Moral Hazard and Frail benefit Design (NAAJ, January 2005).
Economic Design of Cash Balance Plans (Society of Actuaries Cash Balance Monograph M-RS02-3).
Risk Transfer in Public Pension Plans (in The Pension Challenge: Risk Transfers and Retirement Income Security, Oxford University Press).
Co-Authored
The Case Against Stock in Public Pension Plans (FAJ, Forthcoming).
Gentlemen Prefer Bonds Journal of Applied Corporate Finance (Fall 2003).
Reinventing Pension Actuarial Science (Society of Actuaries Pension Forum, January 2003).
Fair Value of Liabilities: The Financial Economics Perspective (North American Actuarial Journal, January 2002).
In Search of the Liability Asset (Financial Analysts Journal, 1988).
Longing for Duration (FAJ, 1988).
A frequent speaker at benefit and investment conferences, Dr. Gold has testified before Congress and the FASB on the subject of Post-Employment Medical Benefits and before the ERISA Advisory Council of the Department of Labor on the subject of pension funding standards.
Dr. Gold is an Elected Board Member of the Society of Actuaries, a member of the Pension Practice Council of the American Academy of Actuaries, a member of the Financial Economics Task force of the International Actuarial Association.
Dr. Gold is a Fellow of the Society of Actuaries and received his Ph.D. from the Wharton School.
