Description: This panel discussion, which occurred at the October 1982 Society of Actuaries Annual Meeting in Washington D.C., presented a discussion on the integration of pension plans with Social Security. The discussion included: Current integration requirements - what is and what might be, problems with the current rules - need for change, or not the recent proposal by Congress to redesign integration rules, practitioners' proposals to revise integration rules - in light of recent activity in Congress, and the next steps - better or worse?

Description: In this paper, the author presents the statutory and regulatory rationale for the Internal Revenue Service, ‘IRS,” position on integration. The author discusses the integration requirements under IRC Section 401a which must be met for a private pension plan to receive favorable tax treatment, including the prohibited discrimination requirement. From the 1982 Transactions Vol. 34.

Description: Final regulations imposing Continuing Professional Education CPE requirements for enrolled actuaries in the United States were promulgated recently by the Joint Board for the Enrollment of Actuaries. The Joint Board was established by federal law ERISA in 1974 to regulate pension actuaries. Certain pension actuarial certifications required by ERISA must be performed by an enrolled actuary As described below, the CPE requirements will cause some administrative inconvenience for enrolled actuaries but - with certain notable exceptions - will not affect our behavior.

Description: Paper discussing the pension termination insurance program for single employer plans established under Title IV of the Employee Retirement Income Security Act. Followed by 2 discussion papers submitted

Description: The objective of this paper, prepared by the Society of Actuaries Committee on Pension Principles and Related Research, is to examine the advantages and disadvantages of using select and ultimate interest and salary scale assumptions in the valuation of defined benefit pension plans. The technical issues involved and the effect of such assumptions on the incidence of plan cost are also studied. From Transactions of Society of Actuaries 1985, Vol. 37.

Description: This open forum is from the 1991 Meeting of the Society of Actuaries, held June 3-5 in Colorado Springs. The panelists discuss actual experiences related to consulting on plan design issues, including the effect of regulatory restriction on plan design, such as the nondiscrimination rules, further application of cash balance plans, and other recent developments that affect plan design. Discussion from participants is included. From the Record of Society of Actuaries Vol. 17, No. 3B.

Description: Presented at October 1986 Annual Meeting. Discusses how the existence of the PBGC may encourage plan terminations and the cost of the program is now several times that of initial expectations - so why should the PBGC continue to operate?

Description: This discussion examines non-traditional pension plan terminations, particularly those plans which have a reversion of assets. From Record of Society of Actuaries, Vol. 9, No. 4.

Description: Discussion of GAAP accounting for post employment benefits and FAS 106.

Description: Presented at October 1985 Annual Meeting. Discusses the paper 'Select and Ultimate Financial Assumptions In Pension Plan Valuations: An Analysis Of The Issues' by the Society's Committee on Pension Principles and Related Research - TSA Volume 37 1985. The paper addresses the pros and cons of select and ultimate assumptions.