Pension fund members across OECD countries have seen the loss or reduction of pension benefits in recent years. This volume looks at various methods of protecting pension benefits. It provides in-depth information on the application of these methods in OECD countries and analyses their advantages and drawbacks. Methods of risk sharing amongst pension fund beneficiaries, providers and sponsors are discussed through an analysis of insured pension contracts and of the pension systems in place in Denmark and Iceland. This publication offers unique international comparative and analytical data for policy makers and pension industry participants globally.Table of Content : Chapter 1. Introduction by David Lindeman and Juan Yermo Chapter 2. Reforming the Valuation and Funding of Pension Promises: Are Occupational Pensions Safer? by Juan Yermo Chapter 3. Funding Rules and Actuarial Methods by Colin Pugh Chapter 4. Pension Fund Regulation and Risk Management: Results from an ALM Optmisation Exercise by Sandra Blome, Kai Fachinger, Dorothee Franzen, Gerhard Scheuenstuhl and Juan Yermo Chapter 5. Penson Fund Guarantee Schemes by Fiona Stuart Chapter 6. Benefit Security: Priority Creditor Rights for Pension Funds by Fiona Stuart Annex 1. OECD Council Recommendation on Guidelines on Funding and Benefit Security in Occupational Pension Funds