CGFO - Financial Administration - Pension Benefits

Alpha - Answer-Measure of risk-adjusted performance Beta - Answer-Measure of a fund's or a stock's risk in relation to the market or to an alternative benchmark Gamma - Answer-Ratio of a change in the option delta to a small change in the price of the asset on which the option is written PERS - Answer-Public Employee Retirement System CAFR - Answer-Comprehensive Annual Financial Report PERS CAFR - Answer-Comprehensive Annual Financial Report for a Public Employee Retirement System Yield - Answer-Percentage rate of return paid on a stock in the form of dividends, or he effective rate of interest paid on a bond or note Yield Curve - Answer-Graphic depiction of the relationship between the yield on bonds of the same credit quality but different maturities Sharpe Ratio - Answer-Measure of a portfolio's excess return relative to the total variability of the portfolio Small-cap - Answer-A stock with a small capitalization, meaning a total equity value of less than $500 million Actuary - Answer-Person or company that estimates the value of claims pending and the estimated reserves needed Actuarial Valuation - Answer-Process of assessing the viability of a PERS Defined Benefit Plan - Answer-Pension plan obliging the sponsor to make specified dollar payments to qualifying employees Pension obligations are effectively the debt obligation of the plan sponsor Defined Contribution Plan - Answer-Pension plan where a sponsor is responsible only for making specified contributions in to the plan on behalf of qualifying participants Jensen Index - Answer-Uses the capital asset pricing model to determine whether a money manager outperformed a market index