Description: The objective of this paper, prepared by the Society of Actuaries Committee on Pension Principles and Related Research, is to examine the advantages and disadvantages of using select and ultimate interest and salary scale assumptions in the valuation of defined benefit pension plans. The technical issues involved and the effect of such assumptions on the incidence of plan cost are also studied. From Transactions of Society of Actuaries 1985, Vol. 37.

Description: This paper examines five problematic areas of the Life Insurance Company Income Tax Act of 1959 including the 10-for-1 rule, the deduction for investment income on qualified pension and profit-sharing plans, limitations on certain deductions, policyholder surplus account and shareholders surplus account. A discussion of the paper follows. From Transactions of Society of Actuaries 1976, Vol. 28.

Description: These are three papers- - Government Pension Plans in Canada - This paper reviews the initial Act from 1952 which was a flat benefit plan and the impending changes to the program to incorporate a contributory earnings-related pension plan. - Current Status of Medicare Proposals - This report provides an update of the dozens of bills pending on the issue. - Relationship of Actuaries and Certified Public Accountants - This paper presents the issues facing insurance companies and accountants where their accounting practices are at variance. From Transactions of Society of Actuaries 1964, Vol. 16, No. 45.

Description: Research report describing the results of an Emerging Risks Survey conducted in 2011. The report includes comparisons to the three previous surveys as well as a survey sent to INARM members in April 2008.

Description: This paper by John Mereu describes a method for mathematically computing the expected loss under a group life contract in excess of a stated limit. The paper also shows how to compute the variance and standard deviation of the stop-loss claim and suggests how the method can be extended to group insurance benefits where the claim amount per certificate is not fixed. Paper is followed by discussions from several people

Description: This introduction is followed by an overview of RA, which includes such things as the role of RA in ERM, the conceptualization of RA, and the role of FL as it relates to RA. We turn then to an overview of the FL methodology used in this study. The next three chapters are devoted to FL methodology as it relates to RA issues, and includes a discussion of FL modification of the risk matrix, FL modification of the Analytic Hierarchy Process, and the role of fuzzy optimization as it relates to RA. We turn then to examples of RAA-FL in the areas of operational risk, hazard risk, financial risk and strategic risk. This is followed by closing comments and observations. The study concludes with an annotated bibliography.

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: Fall 2016 Exam Introductory Study Note

Description: This PBA Implementation Guide provides verbal summaries and visual flow chart overviews of various VM-20 and PBA components and requirements, six Case Study Road Maps, and action items to bridge the gaps and implement PBA. During the Guide’s development these templates and exercises were vetted with more than 15 participants selected from a diverse group of companies

Description: A detailed statistical analysis of mortality improvement for the Canadian population and for the Canadian insured lives conducted by the Institute for Quantitative Finance and Insurance.