Description: The Defined Benefit 'DB' underpin Defined Contribution hybrid pension plan offers an attractive combination of benefit security and upside potential for pension plan members, and offers cost containment for employers, whilst still ensuring the provision of adequate equitable benefits. The DB underpin guarantee is valued and hedged as a financial option within the traditional funding paradigms of actuarial science. However, the average monthly hedging costs are time dependent and can be unstable when employees are close to retirement. This is the abstract of a paper that proposes some cost control approaches to reduce the volatility of the hedging cost.

Description: A high level summary of the basics of Medicare Part D settlements - what they are, and the impact they have on plan sponsors' final financial results. Intended for an audience with limited familiarity with Medicare Part D.

Description: Abstract for “Requirements to Make the Housing Asset a Viable Retirement Asset.” This paper examines the characteristics of an ideal product and the type of institution that would be well positioned to offer the ideal product which would allow a housing asset to be a viable retirement asset.

Description: Introduction of a symposium of papers that arose out of the discussions of the Committee on Retirement Systems Practice Education regarding the adequacy of defined benefit pension plan funding.

Description: This abstract describes a paper that studies the probability of a systemic event occurring within a financial network.

Description: This is the abstract of a paper that addresses the question of how an employer can offer phased retirement in such a way that, indeed, employees work longer before fully retiring.

Description: This abstract describes a presentation that highlights technological, demographic, cultural, criminal, regulatory, and global market changes that foreshadow threats to marketplace firms’ survival.

Description: This abstract describes a paper that provides a framework for a joint analysis of financial and longevity guarantees and applies this framework to different annuity conversion options in deferred unit-linked annuities.

Description: This is the abstract of the presentation that shows results obtained from a mortality study based on Canadian pensioners data available from records of the Canada Pension Plan and Quebec Pension Plan as of December 31st, 2008. From Actuarial Research Clearing House, 2011.

Description: This abstract describes a paper that models a firm value by a jump-diffusion process and derives an explicit formula for the default probability.