Description: 1993 SOA Spring Meeting, San Diego. This session discussed the proposed standards for determining the economic assumptions for the purposes of measuring pension obligations. The actuary's determination of the interest rate assumption was the primary focus of the discussion.

Description: This paper gives a mathematical proof of the frequently expressed concept that under the entry age normal method of valuing a retirement plan, the salary scale applies retroactively. That is, it demonstrates that the valuation of a plan assumes that all past contributions to the plan were based on salaries which, when projected by the salary scale, reproduce the present level of income. The concept of retroactivity is also applied to a situation where there is a constant offset such as the social security benefit. In addition, the paper discusses the effect on this liability resulting from an increase in salary in excess of the increase provided by the salary scale and the effect on the liability of certain types of salary-scale changes. From Transactions of Society of Actuaries 1973, Vol. 25, Pt. 1, No. 72AB.

Description: 1994 SOA Meeting, San Antonio. This session covered the SEC letter on FAS 87, discount rates analyzing the current yield curve, matching bond portfolios to benefit payments, selection of salary scale, selection of return on assets, update on ASB proposed standards, and the relationship, if any, of funding assumptions to accounting assumptions.

Description: This 1978 session focused on valuation techniques for pension plans. Topics covered: 1. Asset Valuation Methods 2. Use of projections and forecasts 3. Has application of forecasts allowed the actuary to determine short range best estimate of future costs different from traditional methods? 4. Treatment of salary scales, turnover assumptions, retirement decrements

Description: Panelists discuss: [1] latest trends in mortality and regulatory environment applicable to mortality tables, [2] turnover assumptions, and [3] Actuarial Standards of Practice [ASOPs] that apply to the choosing and setting of demographic assumptions. From the 2002 Record of Society of Actuaries, Volume 28, No. 2. Session 63PD of the San Francisco Spring Meeting.

Description: This panel discussion examines pension plan dynamics including social security integration, benefit and cost projections under dynamic assumptions, and best estimate limitations. From the 1977 Record of the Society of Actuaries, Vol.3 No.3.

Description: This session discussion is about application of actuarial analysis and models to evaluate investment features. From Record of the Society of Actuaries Vol. 15, No. 1.

Description: This discussion is about current practices and focuses primarily on a paper currently being written by the Committee on Pension Principles and Related Research regarding interest rate selection. From Record of the Society of Actuaries Vol. 12, No. 1.

Description: This discussion provides an overview of the SOA research process, reviews the new turnover tables and efforts to model probable outcomes of proposed legislation on the U.S. economy. From Record of Society of Actuaries, Vol. 22, No. 3.

Description: These discussions at the 1967 New York and New Orleans Regional Meetings are about considerations in choosing interest assumptions and challenges presented when comparing investment yields among companies.