Description: The primary purpose of this paper is to set forth one method of evaluating vested pension costs and to suggest a simple way for the actuary to make provision in his pension cost calculations for specific vesting schedules. From Transactions of Society of Actuaries 1966, Vol. 18, Pt. 1, No. 52.

Description: Long Term Care Think Tank: Exploring the possibilities for helping the American public manage the financial burden of long term care. This report shares the output of a 1.5 day structured brainstorming session involving some of the LTC industry’s preeminent thought leaders. Ideas presented here are intended to help transform the delivery, accessibility, and financing of long term care.

Description: A research paper that outlines a seamless method of deriving assumptions for modern reserving and solvency capital requirements from a company’s own data.

Description: This predictive modeling paper, “Household Life Insurance Demand – A Multivariate Two-Part Model is one of a collection of essays that examine how existing or new methods or models can be applied to the life insurance industry.

Description: Provides a methodology for determining the value of the share of a particular individual in a joint and survivor annuity held by a trust.

Description: This is a discussion of the title paper by Eugene A. Rasor and Robert J. Myers. Included is an alternative proof of the theorem provided in the paper.

Description: This paper first discusses the history of the legislation of the joint and survivor benefits for the uniformed service personnel. It then goes on to address the specific actuarial assumptions made and the formulas developed for applying these assumptions for adaptability to the UNIVAC. This paper closes with specific programming procedures involved in using the UNIVAC.

Description: This paper presents a stochastic model in continuous time to characterize the ultimate benefit to be derived by a group of similar workers from their career membership in pension plans. This characterization is in terms of termination rates, vesting rules, plan types and periods of employment. The employment termination pattern is represented by a renewal process and a reward function is introduced to unify different plan types. A number of basic functions are then deduced to represent termination benefits, retirement benefits and the loss due to delayed vesting. An analysis of these functions lead to a number of conclusions regarding the comparative effects of delayed vesting in different plans. From Actuarial Research Clearing House 1981, Vol. 1.

Description: This paper focuses on the equity unit annuity popularly termed the variable annuity. Followed by several discussion papers submitted

Description: Traditional pension cost methods are based on the actuarial present value of future benefits [which is a mean value]. As a consequence, these cost methods are deficient because they cannot provide plan sponsors with certain valuable information such as the probability that the accumulation of a particular sequence of contributions will ultimately provide sufficient funds to pay benefits, or the size of fund needed to ensure that retirees' lifetime benefits are paid with a specified probability. In response to these deficiencies, a new family of cost methods, called a-percentile cost methods, is developed. These cost methods are based on the probability of adequately covering all participants' benefits. Expressions for the normal cost, the accrued liability and the gain are provided. From Transactions of Society of Actuaries 1993, Vol. 45.