Description: Given the readiness of several stakeholders (including regulators and some plan sponsors) to endorse and implement TBPs, there is a need for easily accessible, actuarially sound information about the key elements of design and funding that can significantly affect the performance of such plans. Our project begins to address this need by investigating through stochastic modeling the way in which different design features and funding strategies impact performance over the short- and long-term. The key objectives of the research were to: • Identify basic dynamics of target benefit plans under specific key designs, starting from the simplest ones and noting the impact of more complex design elements. • Identify appropriate performance metrics for TBPs. • Identify some areas where future research may be needed. The purpose of this report is to document the models used, and to provide background and context for the Issue Briefs relating to this work.

Description: The paper analyzes recent individual annuity mortality experience, derives comparative annual mortality improvement rates and, in particular, examines in detail the 1976-86 experience in the most recent Report of the Individual Annuity Experience Committee. From Transactions of Society of Actuaries 1995, Vol. 47.

Description: This study develops a detailed set of life tables by socioeconomic category and examines mortality trends in the United States from 1999 to 2018.

Description: This study summarizes the results of the the Society of Actuaries' Non-Mortality Decrement Task Force data collection effort of plan turnover data for years 1994-2000. Service, by itself, seems not to be a good predictor of retirement. Service and age are each good predictors for termination it is found. The report is designed to offer actuaries information about turnover as it pertains to defined benefit plans.

Description: The Society of Actuaries Research Institute is pleased to make available a report that aims to understand the cause of low annuity demand through the angle of mortality model uncertainty.

Description: This article describes the development of the uninsured pensioner, UP-94 Mortality Table, including a comparison with other tables and description of projection methodologies using Projection Scale AA.