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  • Duration and Convexity for Pension Liabilities
    Duration and Convexity for Pension Liabilities Duration and convexity provide a risk ... decreases. Estimation methods;Liability valuation;Pension valuation Pension liabilities;Interest rates 6442451286 ...

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    • Authors: Philip McCaulay
    • Date: Sep 2013
    • Publication Name: Pension Section News
  • Employer Costs for Employee Compensation
    a Percentage of Compensation in June 2012 table.psn-table td {padding:10px; border:1px solid #ccc; color:#333; ... workers are found in Table A and the costs for union and non-union workers are in Table 5. Supplemental tables ...
    • Authors: Philip McCaulay
    • Date: Jan 2013
    • Competency: External Forces & Industry Knowledge
    • Publication Name: Pension Section News
    • Topics: Pensions & Retirement>Corporate plans
  • Public Pension Plan Funding Policy
    Public Pension ... avoid perpetual negative amortization. i Table of Contents INTRODUCTION 1 FINANCIAL ECONOMICS ... ..............46 iii List of Tables Table 1: Amortization Period Calculation ............

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    • Authors: Philip McCaulay
    • Date: Jun 2010
    • Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Topics: Pensions & Retirement>Assumptions and methods; Pensions & Retirement>Funding; Pensions & Retirement>Public sector plans
  • The Pension Forum, January 2017 - Editor’s Intro
    The Pension Forum, January 2017 - Editor’s Intro Introduction to the January 2017 issue ... related liability as part of his annual actuarial valuation reports. This paper describes some of the theory ...

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    • Authors: Philip McCaulay
    • Date: Jan 2017
    • Competency: Strategic Insight and Integration>Strategy development
    • Publication Name: Pension Section News
    • Topics: Pensions & Retirement>Risk management
  • Employer Costs for Employee Compensation – December 2013
    Employer Costs for Employee Compensation – December 2013 This is a summary of the employer costs ... workers are found in Table A and the costs for union and non-union workers are in Table 5. Supplemental ...

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    • Authors: Philip McCaulay
    • Date: May 2014
    • Competency: Strategic Insight and Integration>Big picture view
    • Publication Name: Pension Section News
    • Topics: Pensions & Retirement>Defined benefit plans; Pensions & Retirement>Defined contribution and 401k plans; Pensions & Retirement>Funding
  • Phased Retirement for Federal Workers
    income. At the time of full retirement, the individual would be appropriately compensated for the value ... to Phased Re- tirement, but less than if the individual had continued employment on a full-time basis ...

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    • Authors: Philip McCaulay
    • Date: Jan 2015
    • Competency: Technical Skills & Analytical Problem Solving>Innovative solutions
    • Publication Name: Pension Section News
    • Topics: Pensions & Retirement>Defined benefit plans; Pensions & Retirement>Plan design
  • Expected Geometric Returns
    Expected Geometric Returns The article has formulas for calculating the geometric return of a portfolio ... 46 σ p2 Figure 1: Formula for Rate of Return Table 1 shows the expected geometric rates of return for ...

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    • Authors: Philip McCaulay
    • Date: May 2016
    • Competency: Technical Skills & Analytical Problem Solving>Incorporate risk management
    • Publication Name: Pension Section News
    • Topics: Finance & Investments>Risk measurement - Finance & Investments; Pensions & Retirement>Assumptions and methods; Pensions & Retirement>Pension investments & asset liability management