This video includes the following learning objectives:

1. Distinguish between defined-benefit versus defined-contribution pension plans.
2. Explain how pension funds participate in financial markets.
3. Discuss the regulation of private pension plans.
4. Discuss underfunding of public pension plans.
5. Discuss corruption and defined-benefit plans.
6. Explain how pension funds are managed.
7. Explain the key factors that influence the performance of pension portfolios.

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