Description: This table accompanies the article, "Managing Risks in Defined Contribution Plans" by Raymond J. Murphy featured in The Actuary Magazine, April/May 2005.

Description: This paper examines how the cash balance plan design is related to the normal cost and accrued liability in the various actuarial cost methods, as well as the interaction of the economic assumptions in the valuation. The analysis will show that the traditional cost methods may understate the actual liability. The paper also presents an alternative cost method, along with its advantages and disadvantages. From Cash Balance Symposium Monograph, M-RS02-3.

Description: This table presents a scenario to demonstrate a simplified stochastic model illustrating investment and longevity risk. This table is to accompany the article, "Managing Risks in Defined Contribution Plans" by Raymond J. Murphy featured in The Actuary Magazine, April/May 2005.

Description: This table accompanies the article, "Managing Risks in Defined Contribution Plans" by Raymond J. Murphy featured in The Actuary Magazine, April/May 2005.

Description: This paper proposes guiding principles for a simpler, more effective pension funding system that would better serve plan sponsors, their participants, the regulating agencies, and the general public. The objective of the new system would be to have plan assets funded at termination liability over a reasonable period of time. From The Future of Pension Plan Funding and Disclosure Monograph, M-RS05-1.

Description: This table accompanies the article, "Managing Risks in Defined Contribution Plans" by Raymond J. Murphy featured in The Actuary Magazine, April/May 2005.

Description: This table accompanies the article, "Managing Risks in Defined Contribution Plans" by Raymond J. Murphy featured in The Actuary Magazine, April/May 2005.

Description: This paper presents a model that projects withdrawal and investment returns for a hypothetical retirement account. From Retirement Needs Framework, M-RS00-1.

Description: This article discusses the risk of declining market cap with large pension obligations and focuses on the pension risk from the standpoint of different companies. Specifically, we’ll examine risk based on the relative size of the pension obligation to the market capitalization of the plan sponsor. From Pension Section News, September 2006, No. 62.

Description: This table accompanies the article, "Managing Risks in Defined Contribution Plans" by Raymond J. Murphy featured in The Actuary Magazine, April/May 2005.