Collective Defined Contribution Plan Contest

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Contest Home Background Information Contest Details Code & Downloads Submissions

Help shape a new kind of retirement plan. Test your investment strategy and enter GCFP’s $20,000 contest.

Collective Defined Contribution Plans (CDCP) have the potential to alleviate the financial stresses that threaten the sustainability of the defined benefit retirement plans covering millions of public sector workers in the U.S., while providing protections from shortfalls in retirement income and reaping the benefits of professional asset management. By participating in this contest, you can help policymakers and plan participants evaluate the potential benefits of adopting this type of system.

The goal is to find the highest level of scheduled benefits that a well-structured CDCP is likely to deliver to retirees. Specifically, you must specify an investment strategy and risk-sharing policy for CDCP managers to follow that would provide retirees with the highest achievable scheduled benefit subject to limits on the probability and severity of benefit shortfalls. (For more on the motivation behind this contest, see the Background Information.)

The total pool of prize money is $20,000. The GCFP will also publicize the winning entries and transmit them to policymakers.

How to Participate

Participation is open to all individuals or teams.

  1. Download the basic model code and input data
  2. Create an investment strategy and risk sharing policy (see Contest Details for more information)
  3. Submit your entry by February 28, 2019

Important Dates

  1. October 24, 2018: Contest begins. Entries may be submitted through the GCFP website here.
  2. February 28, 2019: Contest ends. No further submissions will be accepted.
  3. Spring 2019: Winners are announced.

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