Description: This issue wraps up the publication of essays to explore solutions available to address risks in retirement and focus on risks in a DC environment.

Description: These are discussions of the following research papers: 1. 'Actuarial Functions as Expected Values' by John A. Fibiger and Stephen G. Kellison, and 2. 'A New Look at Gain and Loss Analysis' by Arthur W. Anderson. From Transactions of Society of Actuaries 1971, Vol. 23, Pt. 1, No. 66 AB.

Description: Over the last several decades, mortality trends and life expectancies in developed countries have been improving and are expected to continue to improve in the future. This paper discusses issues of longevity risk and volatility faced by small defined-benefit DB pension plans in Canada and outlines the opportunities available for entrepreneurial insurance companies interested in providing solutions to address these issues.

Description: This article discusses the non-qualified market opportunities presented by the new limitations imposed on qualified pension plans.

Description: Discussion of the ways the volatility of the full funding limitation can be used as a consulting opportunity. Discussion of smoothing cash flow in the current regulatory environment and cash-flow forecasting in a volatile market.

Description: This session from the 1995 SOA Vancouver Meeting focuses on the equation of balance and how different pieces of the funding standard account FSA and the unfunded accrued liability UAL are tied together. It also looks at the charges and credits that flow through the FSA from the General Agreement on Terriffs and Trades 'GATT'. From the Record of the Society of Actuaries, Vol. 21, No. 3b.

Description: First demonstrates that the choice of mortality basis in the pre-retirement period is immaterial for a defined benefit plan, valued on the Aggregate method, with a pre-retirement death benefit equal to the present value of the accrued pension. Second, presents comparisons of contribution costs for Aggregate vs. Unit Credit funding methods.

Description: This article is about valuing employee pensions and how much of the pension a spouse would be entitled to with a focus on the current differences in Canadian provincial legislation. The strengths and weaknesses of different methods are outlined. From Actuarial Research Clearing House, 2000, Volume 1.

Description: This is a book review of 'Pension Mathematics for Actuaries' by Arthur W. Anderson. From Transactions of Society of Actuaries 1985, Vol. 37.

Description: The editorial provides an overview of articles in this issue that explore and illustrate solutions to current retirement challenges.