Description: Full version of The Actuary Newsletter Volume 37, Number 3 - March 2003

Description: The author of this article notes that “valuing pension or long-term disability plans with Social Security offsets generally requires some assumptions about the future course of the wage base and benefit formula,” and “the usual approach is to select annual percentage increases for these two variables which relate reasonably and well to the valuation salary scale, and then to project Social Security on that basis.” The author goes on to discuss how the actuary and plan sponsor can be comfortable with a particular choice of parameters, given that “costs can be very sensitive to the Social Security projection and recent history offers little guidance.”

Description: Full version of The Pension Forum, January 2003, Volume 14, Issue No. 2.

Description: Full version of Pension Section News, June 2001, Issue No. 46.

Description: Full version of Pension Section News, February 2001, Issue No. 45.

Description: Full version of Pension Section News, February 2003, Issue No. 51.

Description: Full version of Risks and Rewards Newsletter, February 2003, Issue No. 41.

Description: This article describes a simplified problem in pension plan financing and presents two questions about how it can be modeled. Answers to these questions will be discussed and their implications for traditional actuarial models will be presented in Part 2 of the article in the following issue of the newsletter.

Description: This paper discusses the limits placed on actuarial pension practice since the passage of ERISA. From The Pension Forum, January 2003, Volume 15, Issue No. 1.

Description: Falling equity markets and interest rates have devastated pension plans worldwide during the past several years. The Standard & Poor’s 500 companies enjoyed a collective pension surplus of $252 billion in 1999. Even after the 2003 market rally, they face a deficit of $179 billion in 2003 Bianco 2003. These events have spotlighted the weakness of current funding and investment practices for corporate defined benefit pension plans. This article presents a case for securing all accrued benefits through “Full Funding.”