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  • Revisiting Pension Actuarial Science: A Five-Part Series – Part 5, Fair Value of the Liability – Consider the Measurement Purpose
    market or fair value might play in valuing an individual member’s personal wealth, a minor role in the ... This section documents the plan provisions, valuation and asset information and methodology used.

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    • Authors: James Rizzo, Krzysztof Ostaszewski, Piotr Krekora
    • Date: Jun 2010
    • Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Topics: Pensions & Retirement>Assumptions and methods; Pensions & Retirement>Public sector plans; Pensions & Retirement>Risk management
  • Revisiting Pension Actuarial Science: A Five-Part Series – Part 2, Fair Value of the Liability – Risk-Adjusted CBO Cash Flows
    market or fair value might play in valuing an individual member’s personal wealth, a minor role in the ... that expected cash flows are certain. Pension valuation systems are built on models often relying on ...

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    • Authors: James Rizzo, Krzysztof Ostaszewski, Piotr Krekora
    • Date: Jun 2010
    • Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Topics: Pensions & Retirement>Assumptions and methods; Pensions & Retirement>Public sector plans; Pensions & Retirement>Risk management
  • Revisiting Pension Actuarial Science: A Five-Part Series
    market or fair value might play in valuing an individual member’s personal wealth, a minor role in the ... worlds of financial reporting and pricing. The valuation of an employer’s assets and liabilities is usually ...

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    • Authors: James Rizzo, Krzysztof Ostaszewski, Piotr Krekora
    • Date: Jun 2010
    • Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Topics: Pensions & Retirement>Assumptions and methods; Pensions & Retirement>Public sector plans; Pensions & Retirement>Risk management
  • Revisiting Pension Actuarial Science: A Five-Part Series – Part 1, Fair Value of the Liability – The Contractual Benefit Obligation
    market or fair value might play in valuing an individual member’s personal wealth, a minor role in the ... its complexities, is fundamental to its fair valuation. Financial engineering and pricing require a careful ...

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    • Authors: James Rizzo, Krzysztof Ostaszewski, Piotr Krekora
    • Date: Jun 2010
    • Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Topics: Annuities; Pensions & Retirement>Assumptions and methods; Pensions & Retirement>Public sector plans; Pensions & Retirement>Risk management
  • Revisiting Pension Actuarial Science: A Five-Part Series – Introduction to the Series
    market or fair value might play in valuing an individual member’s personal wealth, a minor role in the ... worlds of financial reporting and pricing. The valuation of an employer’s assets and liabilities is usually ...

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    • Authors: James Rizzo, Krzysztof Ostaszewski, Piotr Krekora
    • Date: Jun 2010
    • Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Topics: Pensions & Retirement>Assumptions and methods; Pensions & Retirement>Public sector plans; Pensions & Retirement>Risk management
  • Revisiting Pension Actuarial Science: A Five-Part Series – Part 3, Fair Value of the Liability – A Market-Based Discount Rate
    market or fair value might play in valuing an individual member’s personal wealth, a minor role in the ... markets (e.g., the Russian stock market of 1900) or individual securities that did not survive the period ...

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    • Authors: James Rizzo, Krzysztof Ostaszewski, Piotr Krekora
    • Date: Jun 2010
    • Competency: Technical Skills & Analytical Problem Solving
    • Topics: Pensions & Retirement>Assumptions and methods; Pensions & Retirement>Public sector plans; Pensions & Retirement>Risk management
  • Revisiting Pension Actuarial Science: A Five-Part Series – Part 4, Fair Value of the Liability – The Residual Benefit Liability
    market or fair value might play in valuing an individual member’s personal wealth, a minor role in the ... Actuaries Group Annuity Valuation Table Task Force, 1994 Group Annuity Mortality Table and 1994 Group Annuity ...

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    • Authors: James Rizzo, Krzysztof Ostaszewski, Piotr Krekora
    • Date: Jun 2010
    • Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Topics: Pensions & Retirement>Assumptions and methods; Pensions & Retirement>Public sector plans; Pensions & Retirement>Risk management
  • The GASB's Principles-Driven Pension Standard
    various current schools of thought on pension valuation issues and was part of the GASB's due diligence ... expected future employment exchange between the individual employee and the employer would best represent ...

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    • Authors: Paul Angelo, James Rizzo
    • Date: Oct 2011
    • Competency: External Forces & Industry Knowledge
    • Publication Name: Pension Section News
    • Topics: Pensions & Retirement>Pension accounting; Pensions & Retirement>Public sector plans
  • Revisiting Pension Actuarial Science: A Five-Part Series – Discussant Comments
    current financial model for the mark-to- market valuation of public sector pension liabilities. The paper ... benefit payments confuses asset valuation with liability valuation, two separate and distinct processes ...

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    • Authors: James Rizzo, Krzysztof Ostaszewski, Piotr Krekora
    • Date: Jun 2010
    • Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Topics: Pensions & Retirement>Assumptions and methods; Pensions & Retirement>Public sector plans; Pensions & Retirement>Risk management
  • Revisiting Pension Actuarial Science: A Five-Part Series – Author Comments
    Revisiting Pension Actuarial Science: A Five-Part Series – Author Comments Authors’ response ... However, we actuaries are the experts in pension valuation. Surely, we should be careful to utilize accurate ...

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    • Authors: James Rizzo, Krzysztof Ostaszewski, Piotr Krekora
    • Date: Jun 2010
    • Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Topics: Pensions & Retirement>Assumptions and methods; Pensions & Retirement>Public sector plans; Pensions & Retirement>Risk management