Description: This abstract describes a paper that presents an actuarial model which determines benefits to be paid in phased retirement and in full retirement. From Actuarial Research Clearing House, 2011.

Description: Presented at April 1985 Spring Meeting. Discusses: Large plan actuarial assumptions, Small plan actuarial assumptions, Conflict between explicit assumptions and plan sponsor's objectives, and Immunization effect on the interest assumption.

Description: This panel discussion, which occurred at the May 1982 Society of Actuaries meeting in Colorado Springs, led a discussion related to employer's accounting for pensions and other post-employment benefits. Topics included: 1. Present accounting rules and background in connection with pension plans 2. The purposes for pension accounting rules in general 3. The nature of pension arrangements and the implication of their character for: a. Corporate liabilities and net worth h. Periodic charges to corporate income on account of pensions 4. Effect of actuarial gains and losses and the relationship of non-penslon post-retirement benefits to pensions, from an accounting viewpoint

Description: The author of this article notes that “valuing pension or long-term disability plans with Social Security offsets generally requires some assumptions about the future course of the wage base and benefit formula,” and “the usual approach is to select annual percentage increases for these two variables which relate reasonably and well to the valuation salary scale, and then to project Social Security on that basis.” The author goes on to discuss how the actuary and plan sponsor can be comfortable with a particular choice of parameters, given that “costs can be very sensitive to the Social Security projection and recent history offers little guidance.”

Description: The abstract for the paper Pension Plan Life-Cycle Funding Approach.

Description: This paper reviews the life cycle of a typical pension plan, examines the issues relating to its funding, and proposes a new funding approach that tries to balance the various concerns. From The Future of Pension Plan Funding and Disclosure Monograph, M-RS05-1.

Description: The report presents the results of a survey on asset valuation methods for defined benefit plans. Information was provided on 9,670 pension plans, 9026 US plans, 612 Canadian plans, and 32 other plans. Fair market value is the frequently used method, especially for smaller plans.

Description: A summary of the October 31 meeting of the Board of Governors, where topics included education and examination requirements, SOA organization, pension terminology, publications, didivend philosophy, subcommittee operations, financial statement certifications, the Executive Director position, and consolidation of North American actuarial organizations.

Description: This panel discussion, which occurred at the May 1982 Society of Actuaries meeting in Colorado Springs, presented a discussion on retirement age issues, trends, and assumptions related to pension plans. Also a discussion of factors that affect early retirement elections. Includes discussion of: I. Trends in experience, especially as they may be influenced by: a. Changes in Social Security b. Government regulation, such as Age Discrimination in Employment Act c. Early retirement incentives, such as bonuses or subsidized early retirement factors and d. Cost-of-living supplements to retirees. 2. Plan design for early and postponed retirement. 3. Effects of deferred retirement on actuarial costs. 4. Trends in actuarial assumptions Detailed historical data on UAW, teachers, and Bell company employees' retirement trends is presented.

Description: The purpose of this note is to demonstrate the derivation of unisex single life and joint life annuity values, and early retirement and joint and survivor option factors based on certain assumptions. From Transactions of Society of Actuaries 1976, Vol. 28.