在shortfall risk里面，fall to her employer怎么理解的？

NO.PZ2019100901000013 问题如下 Fiona Heselwith is a 40-year-olUS citizen who hacceptea job with Lyricul, LLa UK-basecompany. Her benefits package inclus a retirement savings plan. The company offers both a finebenefit () plana finecontribution () plbut stipulates themployees must choose one planremain with thplthroughout their term of employment.The plis fully funanprovis full vesting after five years. The benefit formula for monthly payments upon retirement is calculatefollows:Finmonthly salary × Benefit percentage of 2% × Number of years of serviceThe finmonthly salary is equto average monthly earnings for the last five financiyears immeately prior to the retirement teThe plcontributes 12% of annusalary into the pleayeanis also fully vesteafter five years. Lyricul offers its plparticipants a series of life-cycle fun investment choices. Heselwith coulchoose a funwith a target te matching her planneretirement te. She woulable to make aitioncontributions from her salary if she choosesscuss the features thHeselwith shoulconsir in evaluating the two plans with respeto the following:i. Benefit paymentsii. Contributionsiii. Shortfall riskiv. Mortality/longevity risks i. Benefit payments: plha fixeBenefit payments for employees, while plesn't.ii. Contributions: plha fineContributions for employer, while plesn't.iii. Shortfall risk: Employee beers the shortfall risk for plan, company beers the shortfall risk for plan.iv. Mortality/longevity risks: Employee beers the Mortality risk for plan, anbeers the longevity risk for plan.

NO.PZ2019100901000013 问题如下 Fiona Heselwith is a 40-year-olUS citizen who hacceptea job with Lyricul, LLa UK-basecompany. Her benefits package inclus a retirement savings plan. The company offers both a finebenefit () plana finecontribution () plbut stipulates themployees must choose one planremain with thplthroughout their term of employment.The plis fully funanprovis full vesting after five years. The benefit formula for monthly payments upon retirement is calculatefollows:Finmonthly salary × Benefit percentage of 2% × Number of years of serviceThe finmonthly salary is equto average monthly earnings for the last five financiyears immeately prior to the retirement teThe plcontributes 12% of annusalary into the pleayeanis also fully vesteafter five years. Lyricul offers its plparticipants a series of life-cycle fun investment choices. Heselwith coulchoose a funwith a target te matching her planneretirement te. She woulable to make aitioncontributions from her salary if she choosesscuss the features thHeselwith shoulconsir in evaluating the two plans with respeto the following:i. Benefit paymentsii. Contributionsiii. Shortfall riskiv. Mortality/longevity risks benefit payment:: payment is equto finmonthly salary × Benefit percentage of 2% × Number of years of service;: unkown, it's penon contribution aninvestment performancecontribution:: unknown: clearly finehortfall risk:: beemployer: beemployeeMortality/Longevity risk: pool mortality risk, employee bemortality risk: belongevity risk

NO.PZ2019100901000013 问题如下 Fiona Heselwith is a 40-year-olUS citizen who hacceptea job with Lyricul, LLa UK-basecompany. Her benefits package inclus a retirement savings plan. The company offers both a finebenefit () plana finecontribution () plbut stipulates themployees must choose one planremain with thplthroughout their term of employment.The plis fully funanprovis full vesting after five years. The benefit formula for monthly payments upon retirement is calculatefollows:Finmonthly salary × Benefit percentage of 2% × Number of years of serviceThe finmonthly salary is equto average monthly earnings for the last five financiyears immeately prior to the retirement teThe plcontributes 12% of annusalary into the pleayeanis also fully vesteafter five years. Lyricul offers its plparticipants a series of life-cycle fun investment choices. Heselwith coulchoose a funwith a target te matching her planneretirement te. She woulable to make aitioncontributions from her salary if she choosesscuss the features thHeselwith shoulconsir in evaluating the two plans with respeto the following:i. Benefit paymentsii. Contributionsiii. Shortfall riskiv. Mortality/longevity risks planbenefit paymentthe benefit payment is finethe formulFinmonthly salary × Benefit percentage of 2% × Number of years of service. the benefit payment is contractuobligation plsponsor.contributions: the plsponsor contributes mostly to the pension asset. the emploees contribute a little.shortfall risk: the pension plasset cannnot meet the future contractuobligation.mortality/longevity risk: the employees cnot live longer ththe average expecte they leave their asset for thalive. there is no longevity risk for plan planbenefit paymentthe benefit payment is uncertain penng on the performanof investment. the employees beinvestment riskcontributions: the employees contribute mostly to pension plasset. the employer contributes little.shortfall risk: the retirement gocannot achivee to not enough pension assetmortality/longevity risk: the employees bears longevity risk.

NO.PZ2019100901000013 问题如下 Fiona Heselwith is a 40-year-olUS citizen who hacceptea job with Lyricul, LLa UK-basecompany. Her benefits package inclus a retirement savings plan. The company offers both a finebenefit () plana finecontribution () plbut stipulates themployees must choose one planremain with thplthroughout their term of employment.The plis fully funanprovis full vesting after five years. The benefit formula for monthly payments upon retirement is calculatefollows:Finmonthly salary × Benefit percentage of 2% × Number of years of serviceThe finmonthly salary is equto average monthly earnings for the last five financiyears immeately prior to the retirement teThe plcontributes 12% of annusalary into the pleayeanis also fully vesteafter five years. Lyricul offers its plparticipants a series of life-cycle fun investment choices. Heselwith coulchoose a funwith a target te matching her planneretirement te. She woulable to make aitioncontributions from her salary if she choosesscuss the features thHeselwith shoulconsir in evaluating the two plans with respeto the following:i. Benefit paymentsii. Contributionsiii. Shortfall riskiv. Mortality/longevity risks 1、 Fun基金承担Longevity risk，员工承担Mortality risk；基金通过资产池的方式（Pooleassets），（用Mortality risk平衡了Longevity risk）降低了基金面临的Longevity risk。2、对于 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 ris请老师下， plan里面为什么员工承担了Mortality risk， 不是说 plan当中， 员工没有承担任何的longevity anmortality risk吗？

NO.PZ2019100901000013 问题如下 Fiona Heselwith is a 40-year-olUS citizen who hacceptea job with Lyricul, LLa UK-basecompany. Her benefits package inclus a retirement savings plan. The company offers both a finebenefit () plana finecontribution () plbut stipulates themployees must choose one planremain with thplthroughout their term of employment.The plis fully funanprovis full vesting after five years. The benefit formula for monthly payments upon retirement is calculatefollows:Finmonthly salary × Benefit percentage of 2% × Number of years of serviceThe finmonthly salary is equto average monthly earnings for the last five financiyears immeately prior to the retirement teThe plcontributes 12% of annusalary into the pleayeanis also fully vesteafter five years. Lyricul offers its plparticipants a series of life-cycle fun investment choices. Heselwith coulchoose a funwith a target te matching her planneretirement te. She woulable to make aitioncontributions from her salary if she choosesscuss the features thHeselwith shoulconsir in evaluating the two plans with respeto the following:i. Benefit paymentsii. Contributionsiii. Shortfall riskiv. Mortality/longevity risks 以上