Description: In defined-benefit plans, a portability problem arises, especially in an inflationary economy. Final salary plans were designed to cope with inflation. However, transfer of employment during a career can result in long service at a prior employer with outdated final compensation and short service at a current employer with appropriate final compensation. Thus the problem. This presentation discusses possible solutions. From the Record of the Society of Actuaries Vol. 17, No. 3A.

Description: At this presentation, the Executive Director of the Pension Benefit Guaranty Corporation talks about some recent pension plan terminations what can be done to protect pensions without upsetting the delicate balance of some companies with underfunded pension plans. The answer is not to allow the underfunding to go unchecked. Nor is the answer to let the PBGC absorb all the losses. From the Record of the Society of Actuaries Vol. 18, No. 2.

Description: Technology is transforming the retirement space and more changes are expected in the future. Join a panel of experts to discuss what are the opportunities, trends and challenges associated with new technologies in the retirement landscape and how it is expected to impact consumers, if we can enable their successful integration.

Description: This article discusses the risk-sharing arrangements provided by a number of different types of hybrid pensions, focusing on hybrid designs in the United States, Canada and the Netherlands, with particular emphasis on the New Brunswick (Canada) shared risk plan.

Description: Discussion of China's retirement system and the Enterprise Annuity - a fully funded defined contribution program.

Description: This presentation is an open forum, session 11OF, from the 2004 Spring Meeting of the Society of Actuaries, held May 19-21 in Anaheim, CA. The panelists note that defined benefit [DB] pension actuaries are finding themselves working in new and expanded roles in the new millennium, and discuss the answers to challenging questions raised by working in this environment, such as what additional training is recommended, and what the unique challenges and rewards are. The panelists look at the future with respect to the DB actuary, with respect to less traditional roles in that area as well as opportunities in the area of defined contribution plans. Discussion from participants is included. From the Record of Society of Actuaries, Volume 30, No. 1.

Description: This session from the 1984 SOA Salt Lake City Meeting discusses how investment policies and strategies for pension funds are often developed independently of liability considerations. This session looks at the probable mismatch of asset and liability cash flows, the extent of problem, the actuarial concern with certification of assets and structuring the fund to recognize the relationship between assets and liabilities.

Description: This paper is part of The research project dealing with pension accounting, more precisely with Statement of Financial Accounting Standards No. 87 [or FAS 87]. The goal of the project is to study the variability of pension accounting costs under FAS 87. In this paper, the author addresses only one specific point, namely the behavior of experience gains and losses over time. This is directly related to the corridor approach to amortization of gains and losses. However, what is said also applies to experience gains and losses in other areas, particularly in pension funding and insurance. From Actuarial Research Clearing House 1993, Vol. 1.

Description: This session from the 1995 SOA Vancouver Meeting discusses assumptions for pension valuation including rates of termination, retirement, disability and mortality. Also addressed is the SOA Pension Section Council's research on rates of termination and the new mortality tables. From the Record of the Society of Actuaries, Vol. 21, No. 3b.

Description: Presented at October 1985 Annual Meeting. Discusses the paper 'Select and Ultimate Financial Assumptions In Pension Plan Valuations: An Analysis Of The Issues' by the Society's Committee on Pension Principles and Related Research - TSA Volume 37 1985. The paper addresses the pros and cons of select and ultimate assumptions.