Description: In the United States and in Canada, certain legislative developments have been concerned with providing retirement benefit credits to employees who work beyond normal retirement. The purpose of this paper is to provide a practical guide for actuaries to estimate the effect that delaying retirement beyond age 65 has on the cost of a pension plan. From Transactions of Society of Actuaries 1983, Vol. 35.

Description: The Federal Employees' Retirement System 'FERS', enacted into law on June 6, 1986, covers civilian employees of the U.S. Government who were hired after 1983. FERS supplements Social Security with a basic annuity plan and a thrift-savings plan. The Civil Service Retirement System 'CSRS' remains in effect for employees hired before 1984 who do not elect to transfer to FERS. Besides discussing the benefit changes, this paper covers the following related subjects of broader interest: 1. The federal legislative process, including the roles of interest groups, the Congress and the Administration, and the actuaries assisting them, 2. Investments in stocks and bonds by the new thrift plan, and why these use index funds, and 3. How FERS serves as a model for other large public retirement systems, using a defined contribution plan to help meet its retirement objectives and giving the private sector opportunities to provide benefit services. From Transactions of Society of Actuaries 1988, Vol. 40, Pt. 1.

Description: The subject of this paper is the question: What is the added cost to permit unrestricted election of optional forms of retirement income? From Transactions of Society of Actuaries 1961, Vol. 13, No. 36 AB.

Description: This discussion on retirement benefits looks at plans most suitable for the smaller company and if it is practical to provide hospital and surgical benefits to retired employees and their dependents. From Transactions of Society of Actuaries 1953, Vol. 5, No. 12.

Description: In this paper the authors present a proposed solution to some difficult problems which have plagued those who have designed variable benefit plans. From Transactions of Society of Actuaries 1963, Vol. 15, Pt. 1, No. 43.

Description: This discussion on retirement plans for the self-employed reviews encouragement given to plans through tax relief resulting in their more widespread use in Canada and Great Britain as well as the outlook for similar legislation in the United States. From Transactions of Society of Actuaries 1957, Vol. 9, No. 25.

Description: This general discussion focused on: A. The increase on maximum limits on single premiums accepted based on investment conditions, B. Steps a smaller company might take to meet the current demand for pension plans, C. The extent to which companies have: 1. Transferred to their field or district offices functions which had previously been performed in the home office 2. Transferred to the home office or to central collection offices functions which had previously been performed in agency offices D. Steps taken to revise or supplement company retirement plan benefits to recognize higher salary scales and the possibility of still further inflation, E. The advantages and disadvantages of the Bank Loan Plan under which a policyholder purchases a limited payment life policy and borrows part of the premium from a bank, and F. Changes which have been made in War Exclusion Riders, Disability and Double Indemnity provisions.

Description: This is a discussion about retirement plans and the treasury regulations involved. From Transactions of Society of Actuaries 1963, Vol. 15 Pt. 2

Description: This is a discussion about steps that have been taken to revise or supplement company retirement plan benefits to recognize higher salary scales and living costs currently prevailing with respect to: 1. recently or currently retiring employees, and 2. long range future retirements. From Transactions of Society of Actuaries 1951, Vol. 3, No. 6.

Description: Since the Internal Revenue Service updated its rules for integration of qualified pension plans [Revenue Ruling 71-446] nearly ten years ago, major changes have taken place in the structure of Social Security benefits. The lack of a consensus as to what constitutes a good set of rules for integration is a reflection of the many existing social and political viewpoints on this subject. This paper proposes a single theoretical basis for the integration of qualified pension benefits with Social Security retirement benefits and examines the implications of that proposal. From Transactions of Society of Actuaries 1982, Vol. 34.