Description: This panel discussion examines the valuation problems, funding methods, valuing ancillary benefits, and fluctuations in experience of small pension plans.

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 project aims to understand pension participants’ investment and withdrawal behaviors and provide guidance in pension plan design, using data from China

Description: This report compares the CIA pricing method for estimating group annuity closeout pricing to methods used in the US.

Description: The Retirement Plans Experience Committee of the Society of Actuaries (RPEC) is pleased to present this annual update to the RPEC_2014 model and its corresponding mortality improvement scales. This new version of the model reflects historical U.S. population mortality experience through 2018. For clarity, the updated mortality improvement scale based on this 2020 version of the model is called Scale MP-2020. The Scale MP-2020 Report has been posted below along with an Excel version of Scale MP-2020.

Description: The Retirement Plans Experience Committee (RPEC) hired Ernst & Young to perform a literature review and assessment of mortality improvement rates in the United States population.

Description: This summary is intended to provide the pension actuary with guidance in interpreting and using the termination and retirement information in the 2003 SOA Pension Plan Termination and Retirement Study. The tables in the study were developed based on 1.7 million life years of data from 112 plans collected primarily from actuarial consulting firms for the period 1995 – 2000.

Description: This paper summarizes third millennium pension research available on the Society of Actuaries Website. The research is organized by categories. In some cases research is assigned to more than one category due to overlap. The goal is to enable a pension actuary who is looking for a research resource to ascertain if there is relevant research and if so to be able to find and download the information. For each item, the year the research was released, the form of research e.g. literature search, paper, survey and a brief synopsis are provided.

Description: Panelists discuss current pension issues and ways in which the modeling process can be used to assist plan sponsors in addressing those issues. From the 1988 Record of Society of Actuaries, Vol. 14, No. 1.

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.