Description: A pension plan uses Actuarial Equivalence to determine a 'fair' adjustment to pension benefits for form and timing of payment. The definition of Actuarial Equivalence is set in the Plan Document which may not have been reviewed for decades. With a wave of recent pension litigation in the U.S., plan sponsors, attorneys and actuaries now pay more attention to how pension plans define Actuarial Equivalence. How does a change in mortality table or interest rate affect the ultimate benefit? What are the requirements under ERISA and pertinent regulations? Are there court cases that have examined this question before? What are the issues behind the recent lawsuits and what can a plan sponsor do now to reduce their legal exposure? What alternative strategies are available for changing or not changing the definition in the plan document?

Description: Pension stats sheet for the Motion Picture Industry Pension Plan

Description: Statistics about the National Hockey League Players’ Retirement Benefit Plan and its funded status.

Description: Statistics about funded status of Directors Guild of America-Producer Pension Plan

Description: Statistics about funded status of Producers-Writers Guild of America Pension Plan

Description: Biases can creep up in models in numerous ways. After discussing various forms of bias, presenting a framework useful to manage bias in models, and contextualizing this effort in the current environment, this session will focus on practical issues faced by the industry.

Description: Statistics about funded status of NHL pension plan

Description: Statistics about funded status for AFTRA multiemployer pension plan

Description: Funding statistics about the American Federation of Musicians Pension Plan

Description: American Federation of Musicians and Employers’ Pension Fund and Subsidiary has provided pension benefits since 1959. Benefits are related to service and compensation (up to the maximum allowed to be recognized for pension benefits under federal law)