The Future of Pension Plan Funding and Disclosure Monograph

The Future Of Pension Plan Funding And Disclosure Monograph

• The Future of Pension Plan Funding and Disclosure Symposium
• Held: July 14–15, 2005
• Washington, DC

Co–sponsoring organizations: Canadian Institute of Actuaries and Conference of Consulting Actuaries

• Introduction and Overview of the Pension Plan Funding Reform Monograph
• Steven Siegel and C. Ian Genno

Session 1: Funding Reform: Introduction and a Macro Perspective

• CIA Statement of Principles on Revised Actuarial Standards of Practice for Reporting on Pension Plan Funding
• Canadian Institute of Actuaries Committee on Pension Plan Financial Reporting
• Complete Paper
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• A Towers Perrin Proposal for Pension Funding Reform
• Michael Archer and William B. Gulliver
• Complete Paper Part 1
• Complete Paper Part 2

Session 2: Funding Lessons From Past U.S. And Canadian Practice Around The World

• Rationalizing the Security and Ultimate Delivery of Promised Private Retirement Plan Benefits: The Missing Asset
• Leslie John Lohmann
• Abstract
• Complete Paper
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• A Comprehensive Defined Benefit Pension Plan Reform Proposal
• Eric J. Klieber
• Abstract
• Complete Paper

Session 3: The Role Of The Government And Guarantee Organizations: Laissez Faire Or Welfare State?

• The Influence of PBGC Insurance on Pension Fund Finances
• Julia Lynn Coronado and Nellie Liang

• This paper will be published in the upcoming book, Restructuring Retirement Risks, from the Oxford University Press.

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• Why the PBGC Termination Insurance Program Should Be Ended
• Lawrence I. Pollack
• Abstract
• Complete Paper
•  
• Session 3 Discussant Comments: David C. Gustafson

Session 4: Implications Of Sponsor Bankruptcy

• Pension Funding Reality Check: Why the Current Rules Obscure the True Funded Status
• Raymond J. Murphy
• Abstract
• Complete Paper

Session 5: Examining Stakeholder Perspectives

• Dr. Phil's Guide to Pension Funding Reform
• Michael E. Clark
• Abstract
• Complete Paper
•  
• Improving Pension Funding and Disclosures: What's in it for Me?
• Alan J. Stonewall, Elizabeth Moore
• Abstract
• Complete Paper

Session 6: Re-Examining Funding Methods: Financial Economics Considerations

• Managing Volatility in a Mark–to–Market World: The Stochastic Funding Method
• Mark Ruloff, Steve Strake, Howard Winklevoss
• Abstract
• Complete Paper
•  
• Overhauling Minimum Funding Requirements–A Not–So–Radical Proposal
• Eric S. Friedman
• Abstract
• Complete Paper

Session 7: Funding Reform–Future Directions

• Never Again: Managing the Transition to a Secure Private Pension System
• Jeremy Gold
• Abstract
• Complete Paper
• This article originally appeared in the Fall 2005 issue of The Journal of Portfolio Management and is reprinted with permission from Institutional Investor, Inc. For more information please visit www.iijpm.com
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• A Proposal for Pension Funding Reform
• Donald E. Fuerst, Ethan Kra
• Complete Paper
• This paper is reprinted courtesy of Mercer Human Resource Consulting and may be used as–is, without alteration.
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• Session 7 Discussant Comments: Gerard C. Mingione

Lunch Presentations

• Pension Funding: A Historical Perspective
• Arnold F. Shapiro
• Abstract
• Complete Paper
•  
• Stakeholder Reactions to Ideas from the Symposium
• David Blitzstein
• Comments
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• Mortality Improvements and Pension Liabilities
• John Turner
• Comments

Accepted Papers Not Presented At The Symposium

• Pension Plan Life–Cycle Funding Approach
• Bosco Chan
• Abstract
• Complete Paper
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• A Better Defined Benefit Contribution Policy: Contribute No Less than the Normal Cost
• David T. Kausch
• Abstract
• Complete Paper
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• Public Employees Defined Benefit Plan Design
  A Valuable Benefit at a Reasonable Cost: A Case Study
• Kurt D. Weber
• Abstract
• Complete Paper