Description: The objective of this paper is twofold. First, a pedagogical approach is taken to derive the pension plan gain and loss formulas by extending the mathematical theory underlying the actuarial funding methods. It is the author's intent to emphasize the similarities between gain and loss formulas developed for individual funding methods and the formulas developed for aggregate funding methods. Indeed, the formulas are fundamentally identical. The second objective is to afford the reader an opportunity to reinforce understanding by providing two comprehensive numerical examples and analyzing actuarial experience by source. From Transactions of Society of Actuaries 1981, Vol. 33.

Description: This is an article that highlights an alternative method for determining the impact of a change in interest rates on the factor which converts a life annuity to a 100% joint and survivor annuity. It also discusses the factors for early retirement and deferred retirement.

Description: This material summarizes work done to date to develop a model for a quantitative evaluation framework for retirement benefit systems.

Description: A summary of learnings about multiemployer and public plans. Encouraging all retirement actuaries to become better educated on the various sectors of the retirement industry. Take time to meet actuaries from other sectors to learn about their experiences and challenges. We’ll all benefit when we have a better understanding of each other and focus on areas of common concern rather than our differences

Description: This annual update to the RPEC_2014 model and corresponding mortality improvement scales reflects historical U.S. population mortality experience through 2016.

Description: This article was commissioned by the Society of Actuaries Pension Section Research Team to provide practitioners and researchers with a listing of Web sites containing information about defined benefit plans outside the United States. It also lists some non-Internet information sources. The research team’s primary motivation for the article was its belief that readily available comparative information on the pension environment in other countries, including current design and funding issues, would benefit practitioners and researchers dealing with similar issues.

Description: Column describing shifting paradigm for retirement plan design in North America that highlights recent SOA research project on Target Benefit Plans.

Description: Technological innovations are disrupting traditional business models, improving products, and enhancing the user experience.

Description: View the complete issue for the August 2014 Reinsurance News newsletter.

Description: In this article, the author discusses the trend towards an integrated approach to defined benefit plan funding and investments that is taking place in England.